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Conveyancing Solicitors in Mansfield Frequently Asked Questions

Why Choose Banner Jones Solicitors in Mansfield for conveyancing?

  • Our conveyancers are some of the best and most experienced in the Mansfield region and will deal with your quote in a friendly, professional and uncomplicated manner.
  • Your case will be managed by a dedicated in-house solicitor who will deal with your conveyancing matter from start to finish.
  • We will give you an all-inclusive fixed fee quote so you’ll know exactly what you’re paying upfront. We do not charge any additional, ‘hidden’ costs.
  • Our new Flying Start portal allows you to complete the initial part of the process securely online at your convenience. You can agree your quote, sign the T&Cs, complete a selfie online ID check and fill out your initial paperwork all from your phone, PC or tablet.
  • You can arrange an appointment to see one of our Mansfield based conveyancing solicitor’s or the entire process can be done over the phone/online.

For an instant, no-obligation quote complete the form to the right.Or if you would like to speak to our Mansfield Conveyancing Team call on 0330 017 6309 or complete our contact form.

An investor has pulled out causing our chain to collapse, what can we do?

The current market and national economy is so uncertain that people may choose to wait and indeed remove their risk by pulling out of the transaction.  Although there is no reason not to carry on as normal in terms of the legal process we have to consider slower transaction times or hesitant investors or buyers.

At what point in the process is it legally binding?

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.

How long are local searches valid for?

A local authority search completed for a house purchase is valid for 3 months.

How long does the conveyancing process take on average?

We usually say 8-12 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.

What happens if the house I am buying has quarantined owners in it?

Unfortunately, in this situation the seller will not be able to give vacant possession, which will lead to completion delays.  As a preventative measure, as per question 1, we can offer to exchange contracts and complete on the same day, which ensures that contracts are only exchanged if all parties in the chain are able to move on that day, thus reducing the risk to all parties.  This can be more stressful so we ask that clients be sensible and accommodating of the situation.

What happens if we can’t produce certificates for work we’ve had done on the house we’re selling?

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

What is Stamp Duty and how much will I have to pay?

Stamp Duty is a tax levied by HM Government on a transfer of property. For residential single property ownership this tax is calculated at 5% for the portion of the property value between £250,001 and £925,000, 10% for the portion between £925,001 and £1,500,000 and 12% for the portion £1,500,001 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. There are different rates for First time buyers and "second homes/buy to let".

See our stamp duty page for more details

What is the difference between Joint Tenants and Tenants in Common?

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).

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