Conveyancing Solicitors Sheffield
Why Choose Banner Jones for your conveyancing needs?
- Our conveyancing costs are fixed fee and competitive.
- There are no hidden fees. Everything is explained up-front.
- Your case will be managed by one of our Sheffield based conveyancing solicitors.
- We have a wealth of experience in all aspects of residential and commercial
- Your dedicated specialist will explain the entire process in a friendly and uncomplicated manner.
- The conveyancing process can be done at our office in Sheffield or over the phone.
After I get my free quote, what is the next step in the conveyancing process?
If you are happy with your quote, your dedicated conveyancing solicitor will proceed with the legal side of the property transaction. You will be informed every step of the way.
For a free, no obligation quote call our Sheffield Conveyancing Team on 0330 017 6309
Frequently Asked Questions
You can withdraw from a sale or purchase up until the point contracts have been exchanged. Any deposits paid after exchange of contract will then by non-refundable. After contracts are exchanged you are then responsible for the property you are buying and should arrange suitable insurance from this date.
A local authority search completed for a house purchase is valid for 3 months.
We usually say 4-6 weeks for an average sale or purchase. Queries and concerns can often come out of the local authority searches which need further investigation and sometimes this leads to re-approval from the Mortgage lender. This can add further time into the process.
You can indemnify the work by taking out an insurance policy. This means that you can not be held liable for any future fault on the work that was done. We can arrange this for you
Stamp Duty is a tax levied by HM Government on a transfer of property. For residential property this tax is calculated at 1% for property values between £125,001 and £250,000, 3% for values between £250,001 and £500,000 and 4% for those of £500,001 and over. Duty may also be chargeable on any rental charge (leases only) - this affects both residential and commercial leases where different thresholds are applied.
Tenants is Common is where two or more people are entitled to the proceeds of sale in distinct shares - on the death of one, his/her interest will not pass to the survivor(s) but will be part of his/her estate. Joint Tenants are on the other hand 50/50 Co-owners of land - when one of them dies, his/her rights of ownership pass to the survivor(s).
A monthly rent is paid to the landlord in respect of the share you have not purchased. For the percentage share you buy you will normally require a mortgage. Certain lenders do not accept Shared Ownership property but the housing association can normally put you in contact with a mortgage adviser who is used to dealing with this type of application.
To qualify for Shared Ownership you must be in employment and be in a position to raise a mortgage for the part you are buying. The amount you must be earning will vary depending on property prices and where you want to live. However, if you have sufficient income to enable you to purchase a home outright then you will not qualify. Priority is normally given to those in need and those on housing waiting lists but each individual housing association has their own requirements.
In the future you can gradually buy a bigger share in the house and in most schemes you can eventually own it outright. There is no obligation to purchase a larger share but the scheme is designed to be flexible should your circumstances change.
Initially you contact the housing association who will arrange a valuation and will offer you a price to purchase the extra shares. Any improvements you have made to the property will be disregarded in calculating the price of the further shares. Once you have completed the purchase your rent is reduced accordingly but your mortgage payments may increase.
This depends on your finances, but normally yes. If for example you are renting 50% with a mortgage of 45% then a 5% deposit will be payable.
Whether you buy a house or flat your interest in the property will be leasehold because the housing association owns the property and is the landlord. They will grant a Lease, typically 99 or 125 years, and you will be subject to the terms of the Lease. Banner Jones would provide you with a full report of your rights and responsibilities under the terms of the Lease during the transaction.
No. That is done by the landlord/housing association and part of the rent payable reimburses the cost of the buildings insurance.
Not always. If the property’s communal areas are maintained by the housing association then yes there will be a service charge. Some Shared Ownership properties do not have a service charge.
Owning a home can be expensive and you will need to consider things such as re-decoration, utility bills, fittings and furniture and insurance for the contents of your home.
Other costs you must budget for monthly include mortgage repayments, rent on the proportion of the share you do not own, council tax and any service charge (if applicable).
There are also some initial costs involved in buying a Shared Ownership property just as there is when you buy on the open market and these will need to be paid from your own savings. These include:
- Stamp Duty - The calculations as to whether you have to pay Stamp Duty is more complicated with a Shared Ownership property. You can be exempt from paying this if you purchase up to 80% share in the equity. However, if the value of the percentage share you are buying is over £125,000.00 then you will have to pay Stamp Duty. We would discuss the options regarding Stamp Duty with you as part of the transaction.
- Deposit – if required.
- Survey/Valuation – This is essentially if you are purchasing a property with a mortgage and is normally arranged through your mortgage broker or lender.
- Legal fees – This covers the work we do to complete the transaction and it will always be a fixed fee. Contact us for a free quote.
of our clients would recommend us to a friend
(Ongoing Client Survey)
The service I received was excellent.
I received excellent service for the purchase of my house
The receptionist staff on both days we visited your office were extremely friendly and the whole experience of dealing with Banner Jones was wonderful
The service I received couldn't have been better!
Karen Askew and Nathan Rodgers did a fantastic job for us. Professional advice, speedy service and competitive pricing. Very happy.
The service was excellent. We were particularly impressed by the swift responses and communication by email. A far superior service than our previous moving experience.
We’re really grateful for the work you did for us. 10 out of 10!
Very easy to make appointments, very personal service from all people at Banner Jones, my solicitor was very friendly and put me at ease. If I needed a solicitor again, Banner Jones would be the first on my list.
Brilliant service, kept well informed all the way through the process. Would definitely recommend.
Cannot fault the service, efficient, prompt and cautious. Matters explained very well and clearly. Pleasantly surprised.