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Transfer of Equity in Arnold

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 Arnold

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Intending to relocate to Arnold? Some helpful nearby transport and public service facts and figures -

Tollerton, Nottingham City Airport is 6 miles from Arnold. East Midlands Airport is 15 miles, Tollerton Airport is 7 miles and Gamston Airport is 21 mile away. The closest train station to Arnold is Bulwell.

Nuffield Nottingham is the nearest hospital to Arnold.

Q.

How do we find the best rates for conveyancing in Arnold for a 467,000 house?

A.

The lack of clarity surrounding this issue catches out many property buyers and sellers, and can leave them paying far more in fees than they budgeted, and many solicitors advertise theoretically cheap conveyancing, but additional costs are often hiding in the solicitor's terms of engagement. Additional fees should be clearly defined. They be applied only where the lawyer must complete additional work , which could not be anticipated at the start of the process. We provide quotes, not estimates, and clearly state the fees for a standard conveyancing.

Q.

When buying a unique building in the middle of a conservation area, how do I find details relating to the present state of repair?

A.

Following a campaign, English Heritage have produced records of the condition of conservation areas. Local conservation areas are created by Gedling who preside over everything from whether trees can be cut down to the inhibition of neon signs.

Q.

I have requested a quote from you. Might there be any hidden costs?

A.

We do not hide any additional fees. You should be aware that some solicitors only estimate conveyancing costs. The bill you receive on completion can be much greater.

Q.

The property seller has unfortunately installed roof antenna on the flat in Arnold which might violate local conservation area criteria

Your instructed lawyer will always establish if your proposed purchase is located within a conservation area, and if so whether any alterations have appropriate permission from the local planning authority.

Q.

Does my Arnold conveyancing solicitor in form me about the cost of the council tax for a Band F property prior to exchange?

A.

Your property lawyer will approach the council to ascertain the appropriate council tax band and rates, which will be detailed in the report on title.

Council tax rates for residents of Arnold are tabled on the Gedling local authority website. As at, 23 February 2013, band rates are:

  • Band A - £1,060.00
  • Band B - £1,237.00
  • Band C - £1,414.00
  • Band D - £1,590.00
  • Band E - £1,944.00
  • Band F - £2,297.00
  • Band G - £2,651.00
  • Band H - £3,181.00

Q.

Do you advise that I get a chancel search? We are buying a maisonette in Arnold.

A.

Potentially amounting to over £100,000 in repair cost obligations, chancel liability should be considered by buyers of Arnold property likely to be affected. Insurance may be available to protect a buyer should a Arnold Parochial Church Council enforce liability. Arnold Church of England properties which may give rise to chancel liability include St Mary.

Q.

Do your panel of solicitors specialise the conveyancing of property auction properties in Arnold?

A.

Yes - Our recommended conveyancing firms in Arnold do frequently handle the legal work for buyers and sellers at auction. We typically recommend buyers to formally instruct an experienced conveyancing lawyer prior to the date of the auction to allow sufficient time for a detailed review of the legal papers for the lot. Immediately following the date of the auction your selected lawyer is thoroughly prepared for concluding all of the legal work in 4 weeks as conventionally required .

Q.

How much does the conveyancing searches be?

A.

The cost of conveyancing searches for a Arnold residential property varies somewhat, subject to which searches have been ordered. Searches are paid to a third party, and are not included in a quote for solicitor's fees.

 
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