It is important to note that during the year of 2020 with Coronavirus, new Conveyancing Laws have come out in relation to the epidemic. There is currently discussion within the UK Government whether there will be an increase in the amount % paid on a house in regards to Stamp Duty Tax. As many home owners and businesses who are looking to purchase their first property (or second) might be aware, is that Stamp Duty Tax is substantially high when it comes to taking into account your entire budget.
Typically costs for coveyancing is spread across solicitors, legal fees, estate agent fees, removal costs and stamp duty fees. It’s important for home owners even more so in today’s climate, that they are aware that there will potentially be an increase in the amount of stamp duty tax that home owners who are looking to purchase a property.
Consult the right people with ICM Online who can help / assist you with your conveyancing matter.