Author: Richard Errington
New Year, New Start, New Home
If that’s the plan here are some top tips to help you out
Most importantly make sure you get your finances in order, if you are taking out a mortgage make sure you have a mortgage in principle agreed. It’s always best to do a rough calculation of fees you will encounter to ensure you have sufficient funds.
It’s a good idea to view any new property at different times of the day and even try having a chat with some neighbours to get a feel of the street…after all its always good to have good neighbours.
Have a survey carried out on the property, this is so important as a house purchase is in most cases the most expensive purchase you make so it’s important any issues are identified.
Its important to make sure you can insure any potential new property so it’s a great idea to get some quotes at the outset to ensure there are no issues.
Finally, once that perfect house is found you will need a Conveyancer to make sure everything is in order from legal point of view.
If you wish to discuss your new purchase with us or any conveyancing transaction for that matter then we will be more than happy to assist so why not give us a call on 01524 401010. We can guarantee you are in safe hands and will not regret it #safehands #noregrets #BBPLegal
Are you buying your dream house?
If so, you may need to pay VAT on your search fees!
You have found your dream house….your offer has been accepted by the Vendor…… the mortgage application has been approved….. and finally….. you have instructed a Solicitor to carry out the conveyance – on a fixed-fee basis.
You would be forgiven in thinking that was the last of the expense and it will only be a matter of time before you are moving into your dream house.
Attention – HMRC has proposed that VAT should be charged by Local Authorities on their Official Local Authority Search result. Therefore, Local Authorities across the Country are slowly commencing to charge VAT on the Official Local Authority Search Result you will require as part of the conveyancing process.
This means that the fixed-fee you obtained from your Solicitor may have just increased. #futhercost!
When you contact Baines Bagguley Penhale Solicitors to discuss the purchase of your dream house, we will not only provide you with a fixed-fee, but will also check to ensure the search prices quoted to you are not subject to change. #furthercost #nastysurprise
The full Law Society Article can be viewed here.
You have found your dream house….your offer has been accepted by the Vendor…… the mortgage application has been approved….. and finally….. you have instructed a Solicitor to carry out the conveyance – on a fixed-fee basis.
You would be forgiven in thinking that was the last of the expense and it will only be a matter of time before you are moving into your dream house.
Attention – HMRC has proposed that VAT should be charged by Local Authorities on their Official Local Authority Search result. Therefore, Local Authorities across the Country are slowly commencing to charge VAT on the Official Local Authority Search Result you will require as part of the conveyancing process.
This means that the fixed-fee you obtained from your Solicitor may have just increased. #futhercost!
When you contact Baines Bagguley Penhale Solicitors to discuss the purchase of your dream house, we will not only provide you with a fixed-fee, but will also check to ensure the search prices quoted to you are not subject to change. #furthercost #nastysurprise
The full Law Society Article can be viewed here.
