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Transfer of Equity in Ampthill

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 Ampthill

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 19/01/17

Ampthill area information

Houghton House English Heritage and Wrest Park Gardens English Heritage are close to Ampthill.

The closest airport to Ampthill is Luton Airport (12 miles). The nearest station to Ampthill is Millbrook.

The closest hospital to Ampthill is Steppingley Flitwick.

Q.

How do I find affordable conveyancing in Ampthill?

A.

Numerous law firms purport to offer cheap conveyancing, however extra charges will be included in the solicitor's terms, left unread by preoccupied property buyers and sellers Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

Should I be concerned about gazumping?

A.

Gazumping takes place when a home owner accepts a lower offer and then dismisses it, opting for a second buyer's offer. It may happen weeks into a sale. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a danger of gazumping. You should instruct a law firm early, and even before acceptance of an offer to reduce the chance of gazumping.

Q.

Do we need to instruct the lawyer named by the local agent?

A.

An agent in Hedon will suggest a conveyancing solicitor. However, if the agent is paid a fee by the solicitor, the agent may recommend the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.

Q.

Please advise how to hold off paying stamp duty in Ampthill?

Stamp duty is payable for houses sold for over £125,000. Stamp duty mitigation should not be considered when purchasing in Ampthill, because these schemes are often uneconomical and can be very unlikely to succeed.

Q.

How is Ampthill contaminated land investigated when purchasing a property?

A.

Residential property could be contaminated by several environmental concerns, like overhead transmission lines or waste disposal sites. An environmental search will reveal this in more detail.

Q.

Which local authority looks after Ampthill?

A.

Ampthill is located in Central Bedfordshire Council, Priory House, Monks Walk, Chicksands, Bedfordshire, SG17 5TQ, phone: 0300 300 8000

Q.

I am buying soon and have a quote from you. May I be invoiced any additional charges?

A.

Regrettably, it is common practice for some firms to hide fees in small print. Our solicitors do not charge any hidden charges. Know that some solicitors' firms will give a low estimate, not an accurate quote. The bill you receive on completion can be much greater.

Q.

Will the property report prepared by the professional conveyancing solicitor in Ampthill outline applicable rates of council tax on a house before contracts are exchanged?

A.

Your property solicitor will contact the council to ascertain the up to date council tax charges which will subsequently be detailed in the conveyancer's title report.

The correct rates for homes in Ampthill are set out in detail online at the Central Bedfordshire local authority website. At the time of authoring, 29 January 2013, rates are as follows:

  • Band A - £1,098.00
  • Band B - £1,281.00
  • Band C - £1,464.00
  • Band D - £1,647.00
  • Band E - £2,012.00
  • Band F - £2,378.00
  • Band G - £2,744.00
  • Band H - £3,293.00

 
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