It is necessary to get a Solicitor to deal with the legal aspect of the purchase. If you wish to get a quote for our fees for dealing with the conveyancing please click here.
A lender will carry out a basic survey but this does not deal with many structural issues or pick up issues such as damp.
If you are buying with a mortgage we have to undertake standard searches in order for your lender to be satisfied that the property is of a satisfactory standard. The main searches that are required are a Local Authority Search, Mining Search (if the property is in an area where there has been coal mining).
We will also carry out a Land Registry Search (OS1) against the title to check no applications have been made since we received copies of the deeds (£4), and Bankruptcy Search (£2 per person). See Guide to Searches for more information.
Stamp Duty Land Tax (SDLT)
This is a form of tax that is payable on transfer of a property. This may be payable on stair casing up. Please see question below.
Housing Association Costs
The Housing Association will have Service Charge to cover the cost of insurance and maintaining the structure of the property.
Notice to Housing Association Fee
We have to pay a fee to the Housing Association when we give them notice of the transfer and mortgage (if there is one). Generally the fees for this would be between £40.00 and £80.00.
Normally the Housing Association will provide us with a completion statement showing the amount due once contracts have been exchanged and we will then advise you of the same.