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Transfer of Equity in Balsall Common

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 Balsall Common

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 29/11/16

Intending to relocate to Balsall Common? Handy local transport and public service facts ;

The nearest station to Balsall Common is Berkswell. The closest airport to Balsall Common is Birmingham Airport. Coventry Airport is 8 miles away.

The most convenient hospital to Balsall Common is Solihull, Parkway.

Q.

What do you charge for the legal fees on a £365,000 property? We are looking for discount conveyancing in Balsall Common.

A.

Many buyers seeking discount conveyancing are caught out by the lure of very low conveyancing rates. Many firms purport to offer so-called cheap conveyancing quotes, but additional fees will be included in the small print. This small print is often not read by buyers in a hurry. Any costs listed in terms of engagement should be reasonable. We provide quotes, not estimates, and clearly state the fees for a standard conveyancing.

Q.

Our estate agent in Streetly has referred a firm of solicitors. Do I need to instruct them?

A.

Estate agent referrals are a common practice way to find a solicitor. However, if the agent is paid a fee by the solicitor, an agent may choose the solicitor willing to pay the highest referral fee, not the best solicitor for your needs.

Q.

What sort of local conveyancing searches in respect to the risk of floods in West Midlands will my Balsall Common property solicitor actually conduct for a Sixties house I am purchasing?

A lawyer will conduct standard formal environmental searches that incorporate Balsall Common flood risk area data information. An inexpensive set of searches, such as the Homecheck search, may be advised by a lawyer in Balsall Common if the results of the environmental search highlight a risk of flooding.

Q.

How long on average should it take for the property solicitor to handle the legal process on a terraced fifties building?

A.

Getting contracts exchanged can take anywhere from one month to 12 weeks, based on various factors such as the speed of the seller's property lawyer, or re-negotiations following a survey. Our property lawyers are exceptionally results-orientated exchanging as promptly as realistically possible.

Q.

How is contaminated land in Balsall Common identified?

A.

Many of contaminants may spoil land, like coal mining. An environmental search will give more detail.

Q.

I am intending to buy a rectory in Newark on Trent. Will a chancel search be required?

A.

Whether you are buying a house in Balsall Common or elsewhere in the county, the Balsall Common conveyancing solicitor is likely to recommend that a chancel search be ordered. Through some church councils have taken the decision to charge chancel repairs on the current owners of affected property, a conveyancing solicitor cannot verify that a parish which has not been subject to chancel liability in the past will continue to be free from liability. For property in the parish of Newark on Trent, it is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

We are buying a £991000 house in Balsall Common. How is stamp duty tax assessed?

A.

The SDLT which will be owed is dependent on the value of the house or flat. For a house or flat valued at £991000, the SDLT rate is £39640.

Q.

Which local authority is responsible for Balsall Common?

A.

Balsall Common is located in Solihull Metropolitan Borough Council, PO Box 18, Council House, Solihull, West Midlands, B91 3QS, Tel: 0121 704 6000

 
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