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Transfer of Equity in Leicester

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 Leicester

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Leicester 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 Leicester Q & A's

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Updated: 16/10/16

Regional information

According to the most recent census (2011), Leicester's residential population is 985,795 people spread over an area of 581,165 acres meaning a residential population density 1.7 people per acre.

Leicester's closest station is Leicester and East Midlands Airport is 15 miles from Leicester. Coventry Airport is 23 miles, and Tollerton Airport is 20 miles away.


Local Leicester attractions


Leicester All Saints Churches Conservation Trust and National Space Centre Leicester are situated in Leicester.

The nearest hospital for Leicester is Leicester Royal Infirmary.


Although there are lots of £99 fixed quotes online, how do we find a reputable one? I need to find a fixed rate conveyancing quote.


Various firms purport to offer cheap conveyancing. Often additional costs will be included in the terms of engagement. Any disbursements to be paid must also be stated on the quote based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.


Of the major Leicester mortgage lenders, who is on your panel?


Of lenders with offices in Leicester, Homeward Legal work with the bulk of them. Lenders and mortgage specialists in Leicester include Chelsea Building Society, 4-8 Granby St, Leicester, LE1 1DE, Clockwise Credit Union, 1 St. Nicholas Pl, Leicester, LE1 5LB, and Coventry Building Society, 5 Humberstone Gate, Leicester, LE1 1WA.


I am buying in Leicester, and have had a quote from you. Are there any extra costs?


Homeward Legal do not charge any additional charges for conveyancing in Leicester. Know that some firms only provide estimates disguised as quotes. The bill you receive on completion can be much greater.


Flood searches are computed from past data and when you consider recent events like serious flooding in Sept 2012 in the East Midlands are they comfort enough to investigate sufficient information about the Leicester flood risk area?


Environmental searches conducted by the lawyer in Leicester should include a more rigorous flood search if the risk is deemed significant.

If you are still anxious you can always get in touch with a neighbour or local resident.


The owner has fitted PVC windows which I think might possibly defy Churchgate conservation area criteria.


A conveyancing solicitor will see if the property is located within a designated conservation area, and if so whether any alterations have the appropriate permissions from the Leicester council. In the event that no authority consents can be provided your Leicester conveyancing solicitor will give you professional advice on all options which may include seeking cover from an indemnity insurance or obtaining retrospective approval from the appropriate local authority.


Is a drainage search a fee or disbursement?


Some conveyancers frequently hide extra costs as necessary disbursements. It may not be obvious whether a cost is a fee or disbursement, and if it should be included. This charge is a disbursement not a fee, and is passed on to the buyer at cost.


How is stamp duty calculated, and what should we budget for a £382000 Leicester house?


The rate of stamp duty due is calculated based on a limited set of factors, including the house's value. For a residential property valued at £382000, the rate will be £11460.*

*Correct 01/01/2013


What type of exploration into the risk of flooding around Leicestershire will the conveyancer in Leicester include in the report on title?


A critical component in the conveyancing procedure of purchasing a property involves your conveyancing solicitor conducting property conveyancing searches that offer you detail on the Leicester historical flood risk. Furthermore the Leicester property lawyer could possibly advise a more involved (e.g. Landmark) local Leicester area flood risk search.