How much you spend on conveyancing in the UK depends on the amount your conveyancer is charging and the value of a property. For instance, if you are selling or buying a leased property, you will spend more than someone exchanging a freehold property.

If you are selling property in the UK, you should engage your conveyancer in coming up with a budget. Find out how much the legal and estate agent’s fees will cost you. You should budget for all the disbursements and legal fees when buying property.

When buying property in Maidstone, the right time to contact your property lawyer is before you put out your home on the market. Contact your conveyancer before you make an offer to any seller.

The average conveyancing period in the UK is 5 months. However, you can exchange your property in a record time of between 8-12 weeks in Maidstone. All you have to do is reach out to an experienced conveyancer like AVRillo. Your conveyancer should act first on your move by processing all the legal documents that estate agents will ask for when buying property. This is the only way you are going to save time when moving property in the UK.

It is advisable that before you can view any property in the market, you should research widely. There are different lenders in the industry willing to offer you the best mortgage when buying property. All you have to do is ensure you get the right mortgage that fits the property you are buying.

A leasehold is where an individual does not enjoy full ownership of a property. The property, in this case, belongs to a freeholder. A lease is normally extended once a contract expires.

Yes, you can sell a leasehold property in the UK if you have all the necessary documents processed on time. It takes a lot of time to sell a leased property in Maidstone. Therefore, what you should do is to instruct your conveyancer to start processing the documents in time. 

Reach out to your property lawyer and ask them to process the documents as soon as you decide to sell the property. This way, you can speed up the exchange process and move your property in time.

A local search is a standard inquiry that your conveyancers raise with the local council on the property you want to buy or sell. The search relates only to the property in question and does not reveal any kind of proposals to develop or extend the neighboring property or land. 

The local council charges a fee on local search. Your property lawyer will collect this fee from you and pay the local council once they are done with the search on the property.

Yes, it is possible to get an exchange in 28 days. Suppose your builder’s property lawyer gives you this short notice. In that case, all you have to do is instruct your conveyancer to begin processing the required documents and agree on a timetable for the exchange of contract.

A Stamp Duty is a type of tax the central government levies when buying property like land or house. Yes, you can save the stamp duty. You can apportion the price between the fixture and fittings. All you should do is follow a number of rules that any appointments you make have to reflect the exact price of the items involved.

Yes. Online conveyancing is possible in Maidstone. AT AVRillo, we give you that chance and platform to instruct a property lawyer right in the comfort of your home.  

When you contact an online conveyancer to help you sell or buy property, you should be ready to pay the estate agent fees even when you don’t make the sale. Therefore, you should check the online agent’s terms of agreement before you can instruct or hire them for the services.

If you are buying property in Maidstone, your property lawyer can make joint arrangements so that you both benefit from inheritance tax exemption. This will help to avoid paying tax on the value of the property when you die. You can ask your property lawyer about inheritance tax and whether it applies to buying the property.

No. You cannot have access to the property automatically. According to the contract between a buyer and a seller, it requires that you only access the empty property on the completion date specified on the contract. Your property lawyer should negotiate special arrangements if you want to access the property before the completion date.

When buying property in the UK, you need to pay 10% of the purchase price as a deposit. You can always ask your property lawyer to negotiate on a lower deposit amount. In some cases, you can use any deposit that you receive on sales as a part of the deposit payment on the purchase. Ask your solicitor for advice on the best way to negotiate the deposit price.

A contract race is where the seller of a property offers a contract to one buyer. It acts on the assumption that the first buyer to exchange the contract will usually get the property. 

A race contract is legal in the UK. However, your conveyancer should inform you that they are contracting with other buyers. This way, you cannot claim your lost expenses from the seller if you are not the first buyer to exchange the contract.

After the completion date, you are not allowed to stay on your property. The contract requires that you vacate the property on the exact date specified on the contract. You should vacate the property with all your furniture and other belongings. 

Failing to give vacant possession to the buyer on the agreed date, the buyer can sue you for any inconveniences caused.

You should contact the local authorities and utility companies to notify them that you have sold the property. You should also make an application for these services in the new property you are buying.

The authorities will ask for proof of identification because the law requires that the solicitors check the identity of their clients. This protects against money laundering and mortgage fraud.

You are supposed to pay the agent fee once the agent has introduced a buyer and they exchange the contract to purchase the property. You also process the agents’ commission on the completion date. The commission is derived from the proceeds of the sale of the property. The property lawyer will calculate, process, and settle this fee on your behalf.