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Transfer of Equity in Arley

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 Arley

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Arley 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
Process Explained


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Conveyancing in Arley Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/01/17

Are you thinking of moving to Arley? Practical Arley transport and services details -

The closest station to Arley is Atherstone, around 5 miles away. Birmingham Airport is 7 miles from Arley. Coventry Airport is 11 miles and East Midlands Airport is 25 miles away.

George Eliot Nuneaton is the neighbouring hospital for Arley.

Q.

How do we get low cost conveyancing?

A.

Misleading conveyancing quotes catch out many buyers, leaving them to pay sometimes £100s more than planned. Many law firms promote 'the cheapest conveyancing quotes', however additional charges may be added into small print. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

What can affect land in Arley?

A.

Numerous of contaminants may spoil residential property in Arley . Contaminants including potentially contaminative use of nearby land will be investigated during the conveyancing process.

Q.

What makes purchase conveyancing legal work appear to be so drawn out?

A.

The conveyancing process may endure stressful setbacks. Homeward Legal know the needless stress these can cause and strive to reduce their consequences if it can be achieved.

Q.

Does your solicitors company look after the legal conveyancing of auction properties in Arley?

A.

Our company is very capable working with bidders at auction. Usually specialist properties such as those with expensive covenants, are listed

in property auctions and these need greater legwork by the property lawyer Conveyancers therefore encourage that buyers at auction instruct an experienced lawyer before the auction so there is time for a full report.

After the actual auction the conveyancing solicitor is able to concentrate on concluding the transaction in the usual 28 days as typically required .

Q.

For a home valued at £729000. How is SDLT calculated?

A.

Stamp Duty is calculated with reference to the value of the property. For a property purchased for £729000, stamp duty will be £29160 (source: www.hmrc.gov.uk, 01/01/2013).

Q.

We are purchasing a restored chapel in the parish of Great Packington. Will a chancel search be required?

A.

Regardless of the Arley parish you are buying in, the lawyer may suggest that a chancel search be taken out. Although some church councils have taken the decision to charge chancel repairs on current owners of land subject to chancel liability, a conveyancing solicitor cannot verify that a parish in which lay rectors have not been expected to pay chancel repair dues recently will not be so in future. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

Is simultaneous exchange and completion a disbursement or fee?

A.

It may be unclear whether an itemised charge is a fee or disbursement. This cost is a fee not a disbursement. It should be included in the quote for your conveyancing.

Q.

Should the fixtures and fittings form include items such as furniture?

A.

New owners are frequently confused by the lack of detail regarding which fixtures and fittings will be included. In order to avoid later issues, a fixtures and fittings form should be completed, stating what is included with the sale.

 
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