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A lawyer: how much will they cost

it can only be a prudent decision to obtain the services of a lawyer when selling your property on the market, there has been instances where people especially with the for sold by owners were property has changed hands without the use of a lawyer, this should only be done if you are confident in your abilities to manage the process of selling your property. It's important to obtain the services of a good lawyer who will protect your interests throughout the whole process, a good lawyer can help to make a complicated process a lot easier especially for someone marketing their property themselves or for the first time. A lawyer would have the experience of handling contracts, the agreements and the final exchanging of contracts, they will also know what you need or must disclose and stop you making mistakes, the good lawyer could make the whole process of exchanging contracts quick and easy, but remember there are some bad ones out there as well, it's best to speak to other people i.e. friends and family and neighbours who may have been through this process and could recommend a good lawyer.

Conveyance, how much will it cost Quotes for the conveyancing are varied and is dependent upon which solicitor you use and the type of work undertaken. Any solicitor worth there salt should give you a basic fee to undertake any work for purchasing or selling a property. The average fee should fall in the region of £500 - £1000, this would depend on weather the property you are buying is freehold or leasehold. The conveyance service for a leasehold property will normally be higher than the cost for the services of a freehold property It very important to make sure you fix a price for the service you require before you proceed with any work carried out by you solicitor. Solicitors usually will charge extra for additional services, so you should be aware of these charges when securing the services of your solicitors:: Land Registry Fee, Stamp Duty Land Tax, Local Search Fee, Environmental Search, Drainage Search, Chancel Search, Telegraphic Transfer Fee, Land Registry Search Fee, Bankruptcy Search Fee, Case Charge Stamp Duty Land Tax Form Completion Fee, Postage/Telephone/Copy Fee. A good solicitor should always calculate these additional charges from the outset so you know at the beginning exactly where you stand in terms of payable fees. Be mindful that these further services could cost up to an additional £500, this is not including the cost of stamp duty and or a home information pack (HIPs) click for more information on HIPs

Environmental search Environmental search can be a very important part of the process when buying your property, the risk assessment specific to the area you want to purchase your property can be the most important research you may do, you may obtain a free basic report but for a detailed report you may have to pay a nominal fee. This could be specific to the area, your potential neighbourhood, including information on crime rates, school grades, housing types and local amenities. The services offered by www.homecheck.co.uk could be of benefit and should be considered especially for properties near flood and ground stability or maybe contamination issues. Any land or property you purchase is subject to stamp duty the amount set by the government is between 1 and 4%, the amount you pay will be determine by the price of the property you purchase:

Shared Ownership Properties are exempt from stamp duty until 80% is owned by the purchaser. The government has decreed that areas designated Disadvantaged Areas Relief could be entitled to stamp duty land tax Disadvantage Area Relief. Purchasing in these areas for £150,000 or less will be subject to full relief. Contact your local authority for more information on disadvantage area relief.

Zero carbon homes Zero carbon homes of £500,000 and under have been exempt from the stamp duty payments since1/09/07, Zero carbon homes that sell for more that £500,000 are subject to a £15,000 reduction. to qualify your home as zero carbon it must emit zero carbon over a period of 12 month, it have some form of renewable power source if not solely it must be in addition to your regular gas and electric supplies, Qualifying properties will need to be sufficiently insulated and include renewable energy technologies.

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