Don’t buy on price alone, a good conveyancer is worth their weight in gold.
Kings Real Estate will provide you with solicitors who have been in operation since 2007 and are a 21 staff Law Firm operating in Leicester, servicing clients all across the city. They have a substantially experienced team dealing with all aspects of residential conveyancing, commercial conveyancing, landlord and tenants, lease hold, re-mortgages, property disputes. They are a full service Law Firm, also operating business and commercial work, education, employment work, environmental, trade marks, pensions, re-structuring, road traffic, Wills, trusts and probates.
Call our team on 0116 352 7012 for an instant quote for both buying and selling.
If you are purchasing with a mortgage then the lender (a bank or building society) will send a surveyor check the property to make sure it's worth the amount they are lending you. Although the lender organizes the valuation, you will have to pay for it. Typically, a valuation starts from about £125. Our mortgage advisor can advise you of any lenders who offer "free" valuations. For a Home Buyers Report, or full-blown structural survey, the cost will increase and may depend on the type of property you are buying.
We can recommend a local surveying firm, and they can give you precise details of which type of survey you may need, and the costs involved, though as a rough guide, for a £150,000 property, the average survey may be about £300 to £500, and a more detailed survey may be closer to £600 to £1,000.
Your solicitor carries out searches for anything unusual or untoward, such as rights of way, environmental, water, or clauses linked to the use of the property. Unless there's something seriously amiss or time-consuming, estimate from about £300 to £400.
Your property has to be registered with government's Land Registry. A small fee is charged, depending on the value of the property.
A fee calculator on the Land Registry website (www.landregistry.gov.co.uk) can help you work out what you will pay.
You may have to pay your lender (the bank or building society) a fee for arranging your funds for your mortgage. This varies according to the lender, so be sure to ask the question and they should confirm the exact costs, if any.
Stamp duty is a government purchase tax charged on all purchases of houses, flats, land and buildings. It can be a fairly hefty charge, so it's important to factor it into your budget. The amount of stamp duty buyers pay varies depending on the price of the property.
Residential properties - You’ll pay:
If you buy a property for £275,000, you’ll pay £3,750 of SDLT.
This is made up of: nothing on the first £125,000 £2,500 on the next £125,000 £1,250 on the remaining £25,000
Here is a link to the Governments Stamp Duty Calculator
HM Revenue and Customs (HMRC) SDLT calculator
The remainder of the balance is transferred, once it has been received by the seller’s solicitor you are the proud owner of a new house.
We love to talk to you about moving, properties or even the weather. Speak with one of our qualified property specialists today.
Note: Whilst every effort has been taken to ensure the above information is up to date, some inaccuracies may occur so please read the information within this page as guidelines only, and ensure you gain quotes from each party you employ (solicitor, surveyor, etc.) individually prior to purchasing your new home.