Extended SDLT Holiday was welcome news from the UK Sunak March budget. It solves the backlog issues for many Conveyancers and provides new opportunities for Buyers and Sellers of property that can complete in 3 months if buying above 500K properties. First Time Buyers get a double win as new mortgage lending at 95% has been announced.
Homebuyer Conveyancing has enjoyed providing double the amount of quotes to both Sellers and Buyers, with instructions at an all-time high. These new proactive Buyers and Sellers can compare conveyancing quotes online instantly without disclosing their personal details. No spam Convenient, comparable conveyancing just right to make an informed decision on which is the right Solicitor to instruct.
Good vibes always help to progress a property to completion. Everyone needs a fast exchange of contracts, That way the property deal is protected
Your probably thinking that this is the time to move, well if you are a First Time Buyer over the next few weeks your Mortgage Broker should be able to find some excellent lending deals and you have until Sept to save on stamp duty if you are buying under £250K.
For those Property Buyers that want to save money but are buying above £250K they will need to ensure that all parties have the ability to complete fast. It is possible but only if you have instructed a Solicitor when your property is placed on the market for sale or if you have a chosen Solicitor when you are viewing properties.
Don’t forget when you instruct a Solicitor they send out a Client care pack with the terms of engagement. The conveyance begins when the Solicitor has received the signed terms back. They will then carry out ID checks. If you are internet savvy then using email and scanning your required documents will save days.
Once you find a property you need to manage the Survey. Many Surveyors are booked up. You may get a survey done within 7 days but it could cost you more.
Enjoy the challenge of moving house and make sure you are proactive in getting to exchange of contracts. Set yourself realistic milestone dates.
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