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Transfer of Equity in Prescot

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 Prescot

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

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Updated: 20/10/16

Prescot information:

Prescot station is approximately 1 mile from Prescot and Prescot's closest airport is Liverpool John Lennon Airport (7 miles). Manchester Terminals 1 & 3 Airport is 23 miles, Manchester Terminal 2 Airport is 23 miles, Howarden Airport is 20 miles and Eccles Airport is 18 miles away.

Prescot is close at under 1m of junction entry 2 Southbound of the M57.

The nearest hospital is Whiston.


How do I find the cheapest conveyancing solicitors in Prescot?


The confusion over what is, and is not, included in a 'cheap' quote leaves many buyers paying out more than they anticipated in the end, and many firms promote 'the cheapest conveyancing'. Often extra fees may be added into the small print. Extra costs included in terms of engagement needs to be fair and clearly defined and come into force only if the lawyer must perform additional tasks on your behalf, which could not be anticipated at the start of the process. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.


What can we do to avoid paying stamp duty to the Revenue?


Stamp duty is usually payable for home purchases sold for over £125,000. Homeward Legal do not advise conveyancing clients risk any stamp duty mitigation. These schemes are expensive and unreliable. There have been several government-sponsored schemes, such as disadvantaged area relief. Your solicitor will advise as to your eligibility.


Is your panel of solicitors experienced enough to move quickly on the legal conveyancing of auction properties in Prescot?


Our residential property lawyers frequently handle the legal work for sellers at auction. Homeward Legal tend to advocate bidders to formally appoint a lawyer in advance of the day of the auction to allow adequate time for a detailed review of the auction pack.

Following the auction, the lawyer has to be fully prepared to finish the legal side of things within 28 days after exchange of contracts, a normal requirement of conditions of sale.


The lender will be Scottish Building Society - what will I need to know?


House buyers should know that, recently, a number of lenders are now reducing their 'solicitor panel'. For buyers, this can result in significantly higher conveyancing costs. We, fortunately, will act for many mortgage lenders.


The internet has a multitude of online books on the subject of doing your own legal work. In which case, do I want to use a lawyer in Prescot ?


If you wish to try, you can certainly take care of the greater majority of the legal work without formally instructing lawyer in Prescot.

Critically have a go conveyancers will not be covered by the appropriate cover that legal firms must have.


What is gazumping?


This occurs when a house seller accepts an offer, only to refuse it in favour of a greater offer. It could occur weeks into a transaction. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of being gazumped. Instructing your solicitor early, and even before acceptance of an offer is a key first step to reducing this risk.


Should I opt for the lawyer that often works with by my estate agent?


An agent will suggest a conveyancing firm. However, if the agent is paid a fee by the solicitor, an agent may decide to recommend the conveyancer who pays out the highest referral fee, not the best value for you.


If we are intending to purchase in the parish of Salesbury, do we need a chancel search?


Your solicitor is likely to recommend that a chancel search be ordered. In Prescot's much older areas, chancel repair can be imposed on owners of a home where church councils have not imposed the same liability on the last owners, so indemnity insurance may be advisable even if liability is unlikely.