Luton's trade developed around the hat-making industry in the 18th century and by the 1930s, manufacturers were producing up to 70 million hats a year. Car manufacturing has also had an important role in the town's prosperity, and IBC vehicles employs around 1,000 people at its head office and commercial vehicle manufacturing plant in the town.
Situated in Bedfordshire and only 35 miles from London, and with comparatively low property prices, Luton has been hailed as key commuter town.
Luton conveyancing FAQs
How much Council Tax will I pay for a property in Luton Borough Council in 2021?
Luton is situated in Luton Borough Council. Council tax bands are as follows:
|Band||Luton UA Council Tax (2021/22)|
How much are conveyancing fees for buying or selling a home in Luton?
Conveyancing fees will include legal fees and disbursements.
Disbursements are the costs payable as part of a conveyancing transaction, incurred on behalf of a buyer or seller, such as Stamp Duty Land Tax (SDLT) and searches. Legal fees are for the legal work carried out by the solicitor.
Your conveyancing fees for buying or selling a house in Luton are fixed, which means that for a standard transaction, what you pay is exactly what you see in your quote.
Calculate the conveyancing fees for your Luton sale or purchase
Our conveyancing fees calculator gives an instant conveyancing quote with a comprehensive list of all fees, costs and disbursements for your Luton sale or purchase.
Will I need property searches when buying a property in Luton?
Conveyancing searches are detailed questions submitted to a number of authorities by Luton conveyancing solicitors to identify issues affecting the home you want to buy. Mortgage lenders also usually require conveyancing searches to be purchased.
How long does conveyancing take when buying a leasehold flat in Luton?
Over 90% of flats in the UK are leasehold. Leasehold houses are less common, but there are still an estimated 1 million such properties across the country. Buying a leasehold property can take weeks longer than a freehold property as the freeholder and/or managing agent are also involved.
Causes of numerous delays can range from missing leasehold documents to an unreachable freeholder.
Expert leasehold solicitors handle hundreds of leasehold transactions a month, and our proactive approach can mean faster conveyancing.
Does it take longer to sell a leasehold property?
Correct, it can take much more time to complete the legal work on a leasehold house or flat,compared to the sale of a freehold property.
The solicitor acting for the buyer must review several leasehold-related documents, such as a current statement of service charges. The time needed by the seller's conveyancer to gather this paperwork is usually the cause of these delays.
Your lawyer should start this process even before a sale has been agreed, as this paperwork could take several weeks to collect if it is difficult to contact the landlord or managing agent.
I am remortgaging a property in Luton - do I need a solicitor?
Yes you will need a solicitor to handle the legal side of the remortgage.
The official UK base rate is currently set at 0.1% (Jan 2021). A good Luton remortgage solicitor can get you onto your new rate as quickly as possible.
Solicitors can act for most UK lenders, so whether you are you are changing to an interest-only mortgage with the NatWest or to a variable-rate mortgage with the Skipton Building Society, a remortgage specialist can help.
How do I transfer equity in my Luton home?
When one or more joint owners of a property transfers (gifts or sells) their share in a property, this is called a 'transfer of equity'. A solicitor can carry out the legal process for a transfer of equity, register the new owner(s) of the property and take care of any Stamp Duty paperwork. Your conveyancing solicitor can complete the process for a fixed fee.
Your next step
If you are buying, selling, remortgaging or transferring equity in a property in Luton, we can help you find an expert conveyancing solicitor.
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Puzzled by the
Frequently asked questions:
- How do I speed up the conveyancing process?
- How much Stamp Duty (SDLT) will I need to pay in 2021?
- Why do I need to check my conveyancer's lender panel status before instructing?
- What do buyers need to know about conveyancing in 2021?
Get all the answers in our comprehensive FAQ section:See more FAQs