For You and Your Family
In July 2020 the Government introduced a temporary Stamp Duty Land Tax (SDLT) ‘holiday’ of 0% on properties purchased with a value up to £500,000. This ends on 31 March 2021, after which date SDLT will apply.
There is currently unprecedented demand for residential property which means that property transactions are taking significantly longer to complete.
There are many external factors which could cause delay to your transaction, such as mortgage offers, searches and surveys - all of which are taking longer than ever, and if you are in a chain the risk is multiplied. Increased demand has coincided with delays and backlogs at the Land Registry due to COVID19 and responses to local searches are taking longer. The possibility of further lockdown measures may also cause delays where buyers are in a chain.
Those with pressing reasons to move will continue regardless of SDLT deadlines, but those timing their purchase purely to achieve the saving may pull out and break chains as they realise they will miss the deadline.
We will do our best to ensure the swift progress of your transaction. However, due to factors beyond our control, we cannot guarantee that your transaction will complete before 31 March 2021 and cannot and will not accept any liability for a failure to do so.
Buying or selling your home can be one of life’s most stressful experiences. We try to make it as smooth and stress-free as possible.
We believe in providing a high quality service with attention to detail. Unlike many other law firms, we ensure that as far as possible, you deal with the same fully qualified and experienced solicitor throughout the process.
We handle the following:
- Sales & Purchases
- Transfer of Equity
- Mortgage & Re-mortgage (except lifetime or equity release mortgages)
- Tenancy Agreements
- Purchase of freehold
- Gifts of property
- Declaration of trust
- Lease extensions
Our firm is a member of the CQS - the Law Society's Conveyancing Quality Scheme. Membership is awarded to firms who work to the highest quality standards when carrying out residential property transactions. So if you are buying or selling a house and you come to Pickerings, as scheme members we will:
- Tell you what you can expect from us
- Explain the buying and selling process
- Tell you what the costs will be
- Keep you informed
We pride ourselves on the quality of our service and try very hard to take the stress out of the process, so if you are thinking of moving this year, call us - we hope you'll be pleasantly surprised!