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Transfer of Equity in Potters Bar

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 Potters Bar

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Potters Bar 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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Conveyancing in Potters Bar Q & A's

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Updated: 25/10/16

Potters Bar key data:

Potters Bar's closest train station is Potters Bar. Potters Bar's closest airport is Elstree, Hogg Ln Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 20 miles, Luton Airport is 16 miles, London City Airport is 17 miles, London Heliport Airport is 16 miles, Heathrow Terminal 5 Airport is 21 mile s, Heathrow Terminal 4 Airport is 21 mile s, Northolt Jet Centre Airport is 14 miles, Elstree Airport is 7 miles and Stansted Airport is 23 miles away.

Potters Bar is nearby at roughly 1m of the M25 junction entry 24 Westbound.

Potters Bar Community is the closest hospital for Potters Bar.


How do I get the best conveyancing rates for a 577k property?


Several solicitors advertise 'the cheapest conveyancing quotes', but additional fees are often hiding in the terms and conditions, left unread by preoccupied buyers Your conveyancing quote should also clearly state applicable disbursements. Extras should be clearly defined. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.


What do we do to calculate stamp duty?


The rate of stamp duty you will owe is calculated based on the property's price. For a property valued at £927000, the SDLT rate is £37080.*

*Correct as of 15/01/2013


In relation to the fact that last year was second wettest year since records began we are questioning whether flood risk searches may not be sufficient?


Flood risk searches conducted by a Potters Bar lawyer should include the far more thorough Landmark flood search if required.

If you are anxious try to contact a neighbour of the property or nearby Hertfordshire flood damage business, such as: SPM Painting, 9 Kemble Close, Potters Bar, EN6 5EG Tel: 01707 650983.


What can contaminate land in Potters Bar, and are they checked for thoroughly?


Land in Potters Bar is contaminated by a broad range of natural causes, such as other land contamination and infilled land. An environmental search can give more clarity.


What is the council tax on a end of terrace Band B house in Potters Bar?


You should be provide your property's council tax band as part of the conveyancer's title report. The latest tax rates for homes in Potters Bar are tabled at the Hertsmere local authority site. Currently, 29 June 2012, rates for all bands are:

  • Band A - £964.00
  • Band B - £1,125.00
  • Band C - £1,286.00
  • Band D - £1,447.00
  • Band E - £1,768.00
  • Band F - £2,090.00
  • Band G - £2,411.00
  • Band H - £2,893.00


We are purchasing a residence in the parish of Flamstead. Is a chancel search necessary?


A lawyer may suggest that a chancel search be ordered. Chancel repair has the potential to be imposed on owners of a house where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners.


Is it necessary that I get a chancel liability search if I am buying on the same road as church grounds in Potters Bar?


As a result of chancel repair liability, the owners of property in Potters Bar which was once owned by a 'lay rectors' can be liable for upkeep of an old church building. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Potters Bar Church of England properties include King Charles the Martyr and St Mary the Virgin & All Saints.


What amount of time may I account for the legal work to transact a home often require, according to your estimates?


The number of weeks required to transact residential property will vary. This is dependent on a number of issues affecting the property including if management information is required. Homeward Legal solicitors work hard to ensure your sale, purchase or remortgage is undertaken as quickly as possible.