Frequently Asked Questions
What is Conveyancing?
How long does the Conveyancing process take?
Do I have to use a Lawyer?
DIY Conveyancing is perfectly possible if you are not put off by legal jargon and are willing to deal with the large amounts of paperwork involved. In this case you might manage without a professional conveyancer, however, you should consider this very carefully as it is a complex and time consuming business. If the conveyance is not carried out properly you could, for example, find yourself in costly legal disputes over boundaries, or discover that there is a new development planned to be built opposite your home, or even that the seller had no legal right to sell the property. In reality very few homebuyers undertake the conveyancing themselves. There are three main reasons for this:
- Mortgage lenders require a Lawyer to be employed in order to protect their interest.
- There is a high chance of things going disastrously wrong.
- The other people involved may not be happy with you undertaking your own conveyancing, and may not be prepared buy from or sell to you on this basis
Will I have to pay Stamp Duty Land Tax (SDLT)?
If the price of the property is more than £125,000 you must pay SDLT at a starting rate of 2%. This rate rises as the purchase price increases and goes up to a maximum of 12% on that part of the purchase price above £1.5 million (you can use the SDLT calculator on our Links page to work out exactly how much tax you will pay). If the purchase price is £125,000 or less you don’t pay any SDLT (except in certain circumstances).
First-time buyers – if you are a first-time buyer the threshold for when you start to pay SDLT is now £300,000 but this relief is only available if you have never owned a house or flat in the UK or anywhere else in the world. If you are buying with someone else they must never have owned property before either.
Second home owners – if the property you are purchasing is a second property then you will have to pay an additional 3% SDLT on top of the basic rates mentioned above
What is meant by 'Exchange' and 'Completion'?
When should I give Notice to my landlord?
My Buyers want to 'negotiate' on the agreed price, what should I do?
I will be away on Holiday, can the transaction proceed without me?
I am having second thoughts, what can I do?
Should I have a survey?
Homebuyer’s Survey and Valuation Report
Dear Hayleigh, I would like to take this opportunity to Thank you for all your help and guidance on our purchase. We received the keys last Friday and have started the renovation of the house. I would like to highlight that you are one of the very friendly,...
Dear Linda, Thank you. Undoubtedly, it was great to get help from you guys for the second time within 2 years!! I real enjoyed working with Imi who was our case worker, always cool and calm, Abbie and Kamala establishing the easy and friendly working environment. I do...
Hi Jeni, Thank you for your email. Just want to let you know that we have finally got the keys to our house. Honestly Sue and Imogen, many thanks for making this whole process as easy as possible for us. Well done for providing us the highest order of customer service...
Hi Kamala, Can I just say how thankful we are to you, Matt and the team with all your help with the completion of our property. I could not have asked for a better solicitor to help us with the process.
Brogan Property Lawyers Ltd. Registered in England and Wales. Registration number: 7238987
Brogan Property Lawyers Ltd. Registered in England and Wales.
Registration number: 7238987
Tel: 01276 61943. Fax: 01276 29926
Brogan Property Lawyers Ltd.
Registered in England and Wales.
Registration number: 7238987