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Transfer of Equity in Underwood

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 Underwood

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

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The Conveyancing
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Conveyancing in Underwood Q & A's

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Ask Lorraine a question

Updated: 24/10/16

Underwood is around 1 1/2 mile off the M1 junction entry 27 Southbound.

Underwood's nearest station is Langley Mill at 3 miles and Underwood's nearest airport is Tollerton, Nottingham City Airport (13 miles). East Midlands Airport is 16 miles, Tollerton Airport is 13 miles, Gamston Airport is 22 miles and Sheffield City Airport is 25 miles away.

Heanor Memorial is the most convenient hospital.


Can you confirm your cheapest fee for a £201,000 property? I am trying to find affordable conveyancing.


Numerous firms claim to offer so-called 'the cheapest conveyancing quotes', but additional charges may inflate the final invoice.


Which actual property conveyancing searches should my Underwood conveyancer get when carrying out the conveyancing for a Underwood flat?


The common legal procedure is to obtain Local Authority Search, Drainage and Water Search, Environment Search and Gypsum, and specific local Underwood searches e.g. a Commons Search.


If I am purchasing in the parish of Papplewick, should we get a chancel search?


Your property lawyer is likely to recommend that a chancel search is ordered, irrespective of the parish in which the building being purchased is found. In older areas of Underwood, chancel repair dues can be collected on the owners of a building where church councils have not imposed the same liability on the last owners.


As a result of the major flooding in Sept 2012 in the East Midlands, I am questioning if environmental searches might not be exacting enough?


A good Underwood conveyancer should always include specialist flood risk searches if the standard search spots a significant risk local Underwood flood risk.

Sometimes home buyers to speak to a local resident for some extra confidence.


Leeds Building Society is our lender, what will we need to consider?


Traditionally, it was usually straightforward for solicitors to act for both a buyer and their lender. Buyers should know that some lenders have opted to reduce the size of their 'solicitor panel', potentially creating higher legal costs for purchasers. Homeward Legal are able to act on behalf of many CML-approved lenders, ensuring that an additional solicitor will not be required to act for your lender.


My local agent has named the property solicitor. Is it risky to use them?


Agent recommendations are a commonplace route for buyers to find a solicitor. However, if the agent is paid a fee by the solicitor, an agent may choose the solicitor willing to pay the highest referral fee, not a firm with local expertise and a solid reputation.


Which factors will contaminate land in Underwood, and should they be a concern?


Property could be contaminated by a wide range of environmental concerns, and an environmental search should reveal if a property is impacted by contaminants including infilled land and existing and proposed overhead electricity cables.


Fixtures and fittings include what?


Usually, there is not a strict definition of 'fixtures and fittings'. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction. This makes resolving any confusion between buyer and seller on this issue so urgent.