By Ellie Pierpoint
15th November 2016
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.
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Homeward Legal's panel of solicitors carry out remortgage conveyancing for Acocks Green clients every week.
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Birmingham Airport is 4 miles from Acocks Green. Coventry Airport is 16 miles and Wolverhampton Business Airport Airport is 19 miles away and Spring Road train station is approximately 1 mile from Acocks Green.
Heartlands , Birmingham is the closest hospital for Acocks Green.Q.
Both high-street and online solicitors advertise cheap conveyancing. However additional fees may inflate your final bill. Any charges listed in terms and conditions should be reasonable. Based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.Q.
Gazumping describes when a seller agrees to an offer and then rejects it in favour of a greater offer. Gazumping may happen even months into a sale. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a danger of gazumping. Instructing your solicitor early, and even before acceptance of an offer should help to mitigate this risk.Q.
Stamp Duty Land Tax must be paid for property purchases sold for more than £125,000. We do not recommend purchasers risk any stamp duty mitigation, as such schemes are costly and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty, with interest, will be due.
Frequently a conveyancer's title report should give the relevant Birmingham council tax band. Correct rates for properties in Acocks Green are set out online at the Birmingham local authority website. Currently, 19/09/2012, rates are as follows:
A key step in the conveyancing protocol involves a conveyancer applying for environmental searches that offer some details regarding the local Acocks Green flood risk. At the time of writing (03/02/13) reports on the Environment Agency website don’t reveal any flood warnings in the Acocks Green area.Q.
Chancel repair liability can require some home owners to contribute towards the cost of maintenance of a local church. Some names or words such as 'abbey' give an indication of a property's history, and thus whether chancel liability may apply. Acocks Green Church of England properties include St Mary.Q.
Local Acocks Green conservation area issues, for example area development, removal of existing windows or poorly maintained roads are handled by the local authority (Birmingham). English Heritage, a government body, administer a list of the condition of conservation areas.Q.
There are numerous conservation areas near or within Acocks Green. Living in a conservation area can mean security that the surroundings are unlikely to change, but the restrictions adds to upkeep costs. A conveyancing solicitor will discuss the relevant responsibilities.