Wells conveyancing FAQs
How much council tax must I pay for a property in Mendip District Council?
Wells is situated in Mendip District Council. Council tax bands are as follows:
|Band||Mendip District Council Tax (2018/19)|
How much stamp duty will I have to pay?
Read more about stamp duty:
How much are conveyancing fees for buying or selling a home in Wells?
Conveyancing fees include legal fees and disbursements.
Disbursements are the costs payable as part of a conveyancing transaction, incurred on behalf of a buyer or seller, e.g. Stamp Duty or landlord's notice fees. Legal fees are for the solicitor's legal work.
Our conveyancing fees for buying or selling a house in Wells are fixed, meaning what we quote is what you pay
Calculate the conveyancing fees for your Wells property sale or purchase
Our conveyancing fees calculator gives an instant conveyancing quote including all of the legal costs involved in buying and selling your home.
Will I need property searches when buying a property in Wells?
Conveyancing searches are enquiries submitted to a number of authorities by Wells 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 leasehold conveyancing take in Wells?
Almost all flats are leasehold. Leasehold houses are less common, but there are still an estimated 1 million such properties across the country. The legal work for a leasehold home can take weeks more to complete than a freehold home as there is greater complexity.
Varied factors, such as out-of-date contact information for the freeholder or incomplete managing agent information, can lead to serious delays.
Our expert leasehold conveyancing team handle hundreds of leasehold transactions a month. With specialist expertise there should be far fewer delays.
Does it take longer to sell a leasehold property?
Compared to freehold property, yes. Sale conveyancing for a leasehold property can take much longer.
The buyer's conveyancer must review several leasehold-related documents, including a copy of the freehold property's buildings insurance. The time needed by the solicitor to gather this paperwork is commonly the source of delays.
It can take weeks to collect this paperwork if the landlord or managing agent is slow or difficult to contact, so your conveyancing solicitor should start this process as soon as possible.
I am buying a new build property in Wells - what do I need to know?
The conveyancing process for buying a new build property in Wells .
A conveyancer in Wells must be able to deal with things like liaising with the builder's onsite sales team, verifying rights of access and checking new build warranties with warranty providers, including NHBC Buildmark, Advantage and Castle.
Our specialist team of new build solicitors are experts in working with buyers towards a stress free move and working to tight developer deadlines.
I am remortgaging a property in Wells - do I need a solicitor?
The base rate is now at 0.75% (Feb 2019). A good Wells remortgage solicitor should be able to complete the conveyancing quickly and get you onto your new rate without delay.
Our conveyancers are members of most UK mortgage lenders, so no matter whether you are changing to a fixed-rate mortgage with the Bank of Scotland or to a flexible mortgage with the Market Harborough Building Society, we can help.