Buying a property at auction can be exciting and profitable. When buying at auction you can often avoid the conventional drawn out process of house buying. At auction it’s condensed into a matter of minutes rather than months and when the hammer falls, you own the property. Here are a few points to note before you bid… Continue reading Guide and tips for buying property at Auction
What is a Solcitor’s Pre-Auction Report? At a property auction, contracts are legally exchanged and both seller and buyer are committed, with a 10% deposit usually being paid on the day. A sensible buyer should ideally undertake all the necessary checks and enquiries before the day of the property auction to avoid any nasty surprises. The… Continue reading Solicitors Pre Auction Report
Disadvantaged Area Relief (DAR) which reduces the amount of Stamp Duty Land Tax (SDLT) payable in areas designated by the government as ‘disadvantaged’ is is being abolished for transactions completed on or after 6 April 2013. All claims to relief for purchases of residential property where the effective date is before 6 April 2013 must be made on… Continue reading Stamp duty land tax – Disadvantaged Area Relief ends 6 April 2013
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