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Transfer of Equity in Addiscombe

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 Addiscombe

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

Intending to moving to the area? Practical nearby services details -

Addiscombe's nearest station is Norwood Junction. The nearest airport to Addiscombe is London Biggin Hill Airport. Heathrow Terminals 1 2 3 Airport is 18 miles, London City Airport is 10 miles, London Heliport Airport is 8 miles, Heathrow Terminal 5 Airport is 20 miles, Gatwick South Terminal Airport is 16 miles, Gatwick North Terminal Airport is 16 miles, Heathrow Terminal 4 Airport is 18 miles, Northolt Jet Centre Airport is 19 miles, Elstree Airport is 22 miles, Rochester Airport is 25 miles and away.

Q.

Addiscombe points of interest

A.

Shirley London Windmill and Croydon Airport Vistor Centre Aviation Museum are near to Addiscombe.

The closest hospital is Shirley Oaks Croydon.

Q.

How do we find a cheap solicitor for purchasing a leasehold flat?

A.

Various firms promote cheap conveyancing, but additional fees are frequently hidden in the terms of engagement. Excited home owners, eager to get underway, often ignore this small print when they instruct. Applicable disbursements should be included on any quote for conveyancing in Addiscombe

Q.

How early should I instruct a conveyancer to act on our purchase?

A.

With a firm offering a 'no move, no fee' conveyancing quote, instructing as soon as possible is wise, as there are a number of tasks that can be performed immediately. Promptly instructing a firm can reduce the likelihood of the sale or purchase aborting.

Q.

As a consequence of the fact that 4 of the top 5 wettest years recorded were in last 12 years we are wondering if property conveyancing searches might not be sufficient?

A.

A competent lawyer in Addiscombe will get additional flood searches if the environmental searches determine a any kind of Addiscombe flood risk.

For added area background it may be prudent to speak to a close neighbour.

Q.

The property being purchased is on a brownfield land. Is the topsoil potentially contaminated by waste minerals like cadmium?

A.

Soil contamination by industrial waste, including metals, will have occurred in parts of Addiscombe. Data on many contaminants, such as water contaminants such as silage, will be included in an environmental search.

Q.

If I am buying in Addiscombe on the same street as parish land, do you need a chancel search?

A.

The outcome of a landmark case in 2003 reaffirmed that 'lay rectors' of property must pay for church repairs. A number of sources are used to identify liability, including parish records. Churches in Addiscombe include St Mary Magdalene and St Mildred.

Q.

Which local authority looks after Addiscombe?

A.

Addiscombe is located in London Borough of Croydon Council, Taberner House, Park Lane, Croydon, CR9 3JS, Call: 020 8726 6005

Q.

What does 'gazumping' mean?

A.

Gazumping takes place when a seller accepts an offer and then rejects it, opting for a second buyer's offer. It could happen only days prior to exchange. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of gazumping. To reduce the likelihood of being gazumped, consider instructing a solicitor as soon as possible.

Q.

Will I need a house survey?

A.

It is strongly recommended that the majority of buyers book a RICS survey. A wide range of concerns have a negative impact on a property. These include ground movement, and issues such as these are not likely to be investigated as part of the conveyancing itself.

 
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