New Year, New Home?
What better start to the New Year, with the change and new beginnings that it often brings, than the prospect of buying or selling a house?
What better start to the New Year, with the change and new beginnings that it often brings, than the prospect of buying or selling a house? Possibly a better way than trying out a new regime of green juice-smashed avocado-yoga for the next 31 days!
Here are a few things to note before you decide to kick off 2018 with a house move.
Be realistic with time frames
More often than not it is helpful to have a set deadline in mind for when you wish to complete. Aside from focusing the mind, it can encourage greater co-operation between you and the other party to the transaction to achieve a mutual goal. The deadline ought still to be realistic - it need not necessarily be agreed at the outset.
It is important for all parties to understand the factors involved that may affect your timescale. Such factors include: whether your transaction forms part of a wider chain, you have secured the necessary funding and the requirements of third parties such as your current landlord, lender, help-to-buy agency or local council.
Above all, make sure your chosen conveyancer will be available in order to help you to sell or buy your property within your agreed timescale.
Stamp Duty Land Tax?
Whether you are a first time buyer or seasoned buy-to-let investor, know where you stand with the payment of SDLT following the government’s latest revisions to the payment of it, which you can check by using the calculator on the gov.uk website.
Do your research
Use solicitors, estate agents and lenders who have a reputation for doing what they say they will do on time. Do not go for the cheapest on offer.
Providing as much information as you have about your property can save time from the outset. And start early – your conveyancer will be dependent upon the speed of response of search providers and other third parties.
As a start to 2018 make sure your chosen conveyancer can help you hit the ground running faster than your backward exit out of the gym door.
Sophie Smith is a member of the residential conveyancing team at national law firm Weightmans LLP: Sophie.firstname.lastname@example.org