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Find out how much your property is worth
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Find out how much similar houses to yours are worth.
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Read more about the benefits of using an OEA Member Agent such as Link Up Properties
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For further information on Mortgages
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More about Conveyancing
| What does the term Conveyancing mean? |
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| Conveyancing is the legal process involved in the purchase and sale of any property. It refers to all legal and administrative proccesses that are needed to transfer the ownership of land or buildings from one owner to another. The Conveyancing process starts after an offer on a property has been accepted by the seller and solicitors details have been exchanged between parties. |
| How long does the Conveyancing Process take? |
| It usually takes around two months from the day you agree the sale to the exchange of contracts, though there are no guarantees that it won't be significantly more or less. |
| What is the Conveyancing process? |
Click here to see the basic step by step Conveyancing Process.
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| What is a "Contract"? |
| A contract is a document that is entered into by both the vendor and the purchaser which then becomes legally binding upon exchange of contracts. |
| What does "Exchange of Contracts" mean? |
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| Exchange of contracts is the point at which the vendor and purchaser exchange legal binding contracts of the purchase and sale. |
| What does "Completion" mean? |
When a sale is finalised and all monies have exchanged, the purchaser has all legal rights to the property.
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What is stamp duty and when do I pay it? |
Stamp Duty is a government tax which is payable only by the Buyer once the purchase is complete. Your solicitor will deal with this tax on your behalf.
Purchase Price |
Stamp duty payable |
Nil up to £125,000 |
Exempt from stamp duty |
£125,001 - £250,000 |
1% of the purchase price |
£250,001 - £500,000 |
3% of the purchase price |
Over £500,001 |
4% of the purchase price |
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