Buying your first home as a first time buyer in or around Lincolnshire – A quick guide to get you onto the property ladder
Conveyancing is the legal process involving the transfer of property ownership titles from one person to another.
Conveyancing consists of managing the legal and administration of your chosen property.
The Conveyancing Process for the First Time Buyer
The process starts when you have made an offer on a property in Lincolnshire. The process ends when you complete and the property is registered on HM Land Registry.
Make an informed choice - Choose the right solicitor for you when moving in Lincolnshire
The Conveyancing Network conveyancing panel provides you with an opportunity to make an informed choice on which Solicitor will act for you near to Lincolnshire. Importantly you can see a fully transparent quote and can arrange a call back to cover any questions you may have.
The Solicitor acts for YOU and as such it's not about simply getting to completion, but ensuring that the transfer of ownership happen legally and that the property is not located in an area that may have issues such as previous coal mining or plans to build a major road next to it. The value of the property can be significantly affected if it is situated in an area that has such issues.
Typical Conveyancing Costs for a First Time Buyer in Lincolnshire
Conveyancing Costs and fees from solicitors and conveyancers can vary, which is why you obtain a quote so that you can budget and that you know where you stand financially. Use the conveyancing calculator quote service to determine the best value deal for you.
Get a First Time Buyer Conveyancing Quote from a Property Solicitor
Thanks and remember our aim is to offer as much support as we can in providing you with the help that you need to move on time and within budget.
The First Time Buyer Conveyancing Solicitor Quotation
Enjoy the easy to use Conveyancing quote search facility where you can enter the postcode of your chosen property or simply leave blank if you are finding out the legal costs for a solicitor in or near Lincolnshire before you have found your ideal property.
Stamp Duty (SDLT) for First Time Buyers in Lincolnshire
From 22nd November 2017, as a first time buyer in Lincolnshire purchasing a property in England, Wales or Northern Ireland, you will be subject to reduced or 0% stamp duty. The new first time buyer stamp duty rates apply to any first time buyer purchase in England, Wales or Northern Ireland up to the purchase value of £500,000. Thew new rates are calculated as follows:
- Up to £300,000 Purchase = 0%
- £300,001 - £500,000 = 5% (on that portion of the purchase price)
If you are a first time buyer and you purchase a property in Lincolnshire for more than £500,000, then you will be subject to the standard SDLT rates. The first-time buyer relief is only available on Purchase's LESS THAN £500,000.
All or conveyancing quotes for first time buyers in Lincolnshire, correctly detail any SDLT liabilities for a purchase transaction. If in doubt, you can use our Stamp Duty Calculator.