Stamp Duty or Land Tax (usually a purchase)
This depends on the purchase price of your property. You can find out more information about Stamp Duty and the amount you will need to pay for a property located in England by looking at the GOV.UK website on https://www.gov.uk/stamp-duty-land-tax/residential-property-rates .
How long will my residential conveyancing transaction take?
Whilst the average conveyancing transaction takes approximately 8 to 12 weeks from the date of issue of the Contract to completion, this timeframe is for guidance only as there are numerous factors that can have an impact on the length of time that the transaction will take, and which could result in delays.
It can be quicker or slower, depending on the parties in the chain. For example, if you are selling a property with no mortgage and no chain involved, it could take 8 weeks. However, if you are buying a leasehold property, are having a mortgage and there is a chain, this can take significantly longer between 4-5 months.
For expert advice regarding any of our services and/or an estimate, please contact one of our offices below:
Alfreton Office
Angela Turner or Catherine Boot
Tel: 01773 832193
Clay Cross Office
Samantha Parkes
Tel: 01246 865048