Buying & Selling Houses
Buying or selling a home will be one of the most important transactions in your life – it could also be one of the most stressful. Choosing the right conveyancing solicitor is key to the successful sale or purchase of your home.
That is where we come in.
As experienced conveyancing solicitors, we will thoroughly check the title of the property at the outset. This means that any potential problems are highlighted in the initial stages – saving you time and money. Hopefully, everything will be fine, but this investigation can, on occasion, uncover problems such as boundary definition disputes, or building work or extensions that have been carried out without planning permission. We are here to make sure that there are no surprises, and when there are, that your best interests are looked out for.
Mandatory “Material Information” Disclosure
Any property being advertised for sale must comply with the mandatory requirements of the Digital Markets, Competition and Consumers Act 2024 in respect of Mandatory “Material Information” Disclosure and which has replaced the previous requirement for a Home Information Pack (HIP).
In most instances, the Estate Agent instructed to sell the property will ensure compliance with the requirements, however, if we are instructed at the early stages, we can assist with this, and some of the documentation you will need to complete for the sale could be used within the marking arrangements.
Please also note that in most cases you will need to have a valid Energy Performance Certificate (EPC) in place.
Stamp Duty Land Tax
When you buy a property, you have to pay Stamp Duty Land Tax (SDLT) if the price is more than the statutory amount, which is currently £125,000. The amount of stamp duty is paid on the whole amount of the purchase price. The basic rates are calculated on the scale below. However, for First Time Buyers, buyers of a second property, non-UK residents, corporate buyers, and mixed-use or commercial purchases, these rates are different, and you should contact one of our conveyancing specialists for more information about these rates.
- Up to £125000 – Zero
- The next £125,000 (the portion from £125,001 to £250,000) – 2%
- The next £675,000 (the portion from £250,001 to £925,000) – 5%
- The next £575,000 (the portion from £925,001 to £1.5m) – 10%
- The remaining amount (the portion above £1.5m) – 12%
Click here to read our Conveyancing FAQs.
