In law, conveyancing is the transfer of legal title of property from one person to another. At Gilmartin Solicitors we can provide you with expert and practical advice at every step of the transaction of either buying, selling property or land.
Buying a House is one of the most important decisions of your life. We can advise you on all steps involved in the purchase of a house including issues in relation to the signing of contracts, dealing with all pre-contract queries, liaising with your lending institution in relation to the draw-down of your Loan Cheque and in due course arranging for registration of ownership of your property and the payment of Stamp Duty.
Once you have a sale agreed on your property we can arrange to take up your Title Deeds. Once in receipt of your Title Deeds we can then arrange to issue contracts for the sale of your property and deal with any pre-contract enquiries which may arise. After the sale is completed, we can then arrange to redeem any mortgage (if any) over your property from the proceeds of sale.
There are a number of important factors to be considered here. Is there planning permission with the site? Is the site a gift from a parent for the purpose of building a house? If you are getting a mortgage, what are the requirements in relation to stage payments? We can advise you about these considerations along with various other matters that you should consider before proceeding with the transaction. We also offer advice to you in relation to the sale of a site.
Re-Mortgaging, Commercial & Agricultural Conveyancing Whilst these areas of practice have, like many of the other areas of conveyancing mentioned above, slowed down due to the economic downturn we nonetheless offer expert legal advice in relation to any of the aforementioned areas delivering a complete break-down of exactly what is involved in each step of the transaction.
What are the current rates of stamp duty?
Stamp duty is payable on the transfer of property. Budget 2011 abolished the First Time Buyer Relief in respect of stamp duty. Stamp Duty on residential purchase is 1% up to a value of €1m. Non-Residential is 2% stamp Duty.
Do I have to pay Local Property Tax (LPT) if I am a First Time Buyer?
When you buy a property a certificate should be furnished confirming LPT has being paid on the property for the forthcoming year.
Non-Principal Private Residence (NPPR)
The Local Government (Charges) Act 2009 introduced a €200 charge for owners of non principal private residences. The charge applies mainly to owners of private rental property and holiday homes. This tax is no longer operable, however it is very important when purchasing a property that a certificate confirming it has being paid/isn't operable is furnished.