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Transfer of Equity in Bromley

A transfer of equity occurs when a property owner wishes to change the legal ownership of the property. Reasons include marriage, divorce and tax planning.

Homeward Legal's solicitors offer expert legal assistance with your transfer of equity.

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Remortgage Solicitors Bromley

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Bromley clients every week.

We strive to complete your remortgage legal work quickly, so that you benefit from your new mortgage deal as soon as possible.

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The Conveyancing
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Conveyancing in Bromley Q & A's

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Updated: 21/10/16

Buying a residential property in the area? Useful local Bromley public service information

As confirmed by the most recent (2011) national census the population of Bromley 299,293 spread over an area of 35,567 acres which equals a density of residential population of 8.4 people per acre.


Bromley points of interest


Brixton London Windmill, London National Portrait Gallery Art Gallery and Temple Middle Temple Hall Historic Building are close to Bromley.

The nearest train station to Bromley is Charing Cross and the closest airport to Bromley is London City Airport. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 14 miles and London Biggin Hill Airport is 14 miles away.

Commuters are well served with Bromley ideally situated with good road access very close at a couple of miles of the A40M.

The closest hospital is Royal London Homeopathic.


How do we get a cheap solicitor for selling a residence?


Confusion over this matter catches out many homeowners, and can leave them paying far more in fees than they budgeted. Many law firms offer so-called 'the cheapest conveyancing quotes'. Often extra fees are often hiding in the solicitor's terms. Excited homeowners, eager to get underway, often ignore this small print when they instruct. Fees found in terms of engagement should be fair. A conveyancing quote should also clearly state any disbursements to be paid.Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.


How much is the council tax on a terraced house in Bromley?


Normally a conveyancing report on title will contain the appropriate Bromley council tax band.

Council tax charges for residents of Bromley are published online at the Bromley council website. On 06/11/2012 rates are:

  • Band A - £865.00
  • Band B - £1,010.00
  • Band C - £1,154.00
  • Band D - £1,298.00
  • Band E - £1,586.00
  • Band F - £1,875.00
  • Band G - £2,163.00
  • Band H - £2,596.00


We need to complete this home purchase as soon as possible, can we arrange fast conveyancing?


The key to a fast completion is to use a proactive, diligent conveyancing solicitor. There are numerous tasks you, as the purchaser, can also do to speed up the process, including, pushing the conveyancing solicitor to begin enquiries as soon as possible, quickly completing and return any forms and ordering a property survey early in the transaction.


How many weeks does it take our assigned lawyer to get through the conveyancing process on a flat in a new build home we are intending to buy in Bromley?


Getting contracts exchanged can take anywhere between 1 month and 12 weeks contingent on any number of factors, for example the speed of the vendor's conveyancer, or whether there are any linked sales. Our chosen conveyancers are very results driven with the aim of you moving home in as short a time as achievable.


Do many conservation areas in Bromley have the potential to affect us?


These areas delineate neighbourhoods of historical or architectural value. These restrictions adds to upkeep costs, but the benefits will include a more attractive neighbourhood.


Is contaminated land in Bromley a concern for many homes?


Several contaminants caused by environmental factors may seriously affect property, like existing and proposed overhead electricity cables. An environmental search will offer more detail.


As a consequence of the Met Office warning of more intense rainfall, I am concerned that flood searches might not be thorough enough?


Conveyancing and environmental searches applied for by the lawyer in Bromley should include a far more specialist search (Landmark) if required.

If you are still worried you can always get in touch with a close neighbour.


How do you determine stamp duty rates in Bromley and how much do we need to pay on a £885000 house?


Stamp Duty is based on a small number of factors, including the property's value. On a £885000 residential property in Bromley, stamp duty will be £35400 (accurate March 2013).