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Transfer of Equity in Abbey Wood

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 Abbey Wood

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

Intending to relocate to Abbey Wood? Practical regional travel and public service information

London City Airport is 3 miles from Abbey Wood. Heathrow (Terminals 1, 2, 3, 4 and 5) Airport is 25 miles away, Elstree Airport is 22 miles, Rochester Airport is 20 miles and London Biggin Hill Airport is 12 miles away. Train links are also conveenient with the nearest train station only 1 mile.

Q.

Abbey Wood attractions and landmarks

A.

Erith London Windmill, Museum of the Royal Arttillery Firepower Aviation Museum and Blackheath Old Dover Rd Library Art Galleryare all around Abbey Wood.

The most convenient hospital is Heathlands Private Belvedere.

Q.

How do we get low cost conveyancing?

A.

Many conveyancers advertise supposedly cheap conveyancing quotes. Unfortunately extra costs are often hiding in the terms and conditions, left unregarded by busy homeowners Any extra costs listed in the terms should be fair and reasonable. They be applicable if your conveyancer must complete unanticipated additional work , which could not be anticipated at the start of the process. Your conveyancing quote should also clearly state any disbursements.

Q.

Will the Abbey Wood solicitor apply for any property on the London thirties detached property we are buying?

A.

When obtaining a mortgage, your lender expects a solicitor to get particular searches, including these searches - Local Authority, Drainage and Water Search (CON29DW) and Environment Search, and possibly unique particular such as Cheshire Brine Search.

Q.

What sort of local environmental searches in respect to the risk and history of possible flooding at Bexley will my Abbey Wood solicitor actually carry out on a Sixties property we are intending to purchase?

A conveyancing solicitor will apply for standard environmental searches, which include Abbey Wood flood risk data. Also as an additional measure the solicitor in Abbey Wood could suggest a more detailed (e.g. Homcheck) detailed flood search. A recent check (05-Dec-08) there were no warnings around the Tidal Thames from Erith High Street East to Woolwich Arsenal at the River Thames including areas in the boroughs of Bexley and Greenwich

Q.

How do I verify that a house is in a designated conservation area?

A.

These areas denote neighbourhoods of historical or architectural value. A lawyer will address the consequences of purchasing property in a conservation area and offer more information.

Q.

There are a growing number books about how to do DIY conveyancing such as How to Buy Your First Home (And How to Sell it Too). Do we have to use Abbey Wood lawyer ?

A.

On paper there are no reasons why you cant go down that route and do the greater majority of the conveyancing without assistance.

In reality however, a Abbey Wood lawyer is familiar with a large array of jobs ranging from chasing outstanding papers and identifying the most appropriate searches many of which need training. Moreover legal firms are under a duty to have acceptable indemnity insurance in order to protect you from any professional errors.

Q.

What steps can we take to hold off paying for stamp duty land tax?

A.

SDLT is payable for houses sold for over £125,000. Stamp duty reduction should not be considered when purchasing in Abbey Wood, because these schemes are often uneconomical and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty tax may be payable.

Q.

Should I get a surveyor to check for defects affecting our home purchase in Abbey Wood?

A.

The Royal Institution of Chartered Surveyors strongly recommend that most purchasers book a house survey. Buyers should be aware that there are a range of defects that have a negative impact on a property, which will not be covered by the legal work, such as roof damage.

Q.

Could charges for the conveyancing conceal any hidden costs?

A.

Our solicitors do not hide any extra, hidden charges regardless of circumstances. Some solicitors only estimate conveyancing costs. The final bill you receive may be much more.

 
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