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Transfer of Equity in Bellingham

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 Bellingham

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 05/12/16

Are you moving into a property in the Bellingham area? Helpful regional transport and services information

The closest train station to Bellingham is Bellingham, around 1 mile away and the closest airport to Bellingham is London City Airport (6 miles). Heathrow Terminals 1 2 3 Airport is 20 miles, London Heliport Airport is 8 miles, Heathrow Terminal 5 Airport is 21 mile s, Gatwick South Terminal Airport is 20 miles, Gatwick North Terminal Airport is 20 miles, Heathrow Terminal 4 Airport is 19 miles, Northolt Jet Centre Airport is 19 miles, Elstree Airport is 21 mile s, Rochester Airport is 24 miles and London Biggin Hill Airport is 8 miles away.

Q.

Bellingham area information

A.

Shirley London Windmill, Eltham Palace English Heritage and Blackheath Old Dover Rd Library Art Gallery are easily accessible from Bellingham.

The closest hospital to Bellingham is University Lewisham.

Q.

Are additional fees applied? I am looking for fixed rate conveyancing.

A.

Many conveyancers claim to offer supposedly 'the cheapest conveyancing quotes'. However additional charges may be added into the terms of engagement. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

Our estate agent in Perivale has named the conveyancing solicitor. Will it be more cost-effective to instruct this solicitor?

A.

An agent in Perivale will often refer a conveyancer. If the agent is paid a referral fee, however, there is a risk that an agent may choose whichever firm pays the most per referral, not the law firm with the best reputation.

Q.

Is there anything I can do to avoid paying stamp duty?

A.

Stamp duty mitigation should be treated with extreme caution in Bellingham, as such schemes are costly and can be very unlikely to succeed. There have been a number of government-sponsored schemes, such as relief for buyers in 'disadvantaged areas'.

Q.

How much is the council tax on a converted house in Bellingham?

A.

Frequently a report on title will contain the Lewisham council tax band.

Up-to-date rates for Bellingham are set out in detail online at the Lewisham local authority site. Currently, 22 August 2012, rates are:

  • Band A - £899.00
  • Band B - £1,049.00
  • Band C - £1,199.00
  • Band D - £1,349.00
  • Band E - £1,649.00
  • Band F - £1,948.00
  • Band G - £2,248.00
  • Band H - £2,698.00

Q.

Do I need to get a homebuyer report?

A.

It is advised that the majority of purchasers in Bellingham book a property survey. Buyers should be aware that there are a range of problems that affect a property, including subsidence. Such issues will not be considered during the conveyancing work itself.

Q.

How do you work out stamp duty and how much will it be on a £395000 property?

A.

The Stamp Duty you must pay depends on the value of the house or flat. Stamp duty will be £11850 on a £395000 Bellingham home.*

*Accurate as of May 2012

Q.

Does the High Speed 2 route affect property in Ealing?

A.

Yes. HS2 will be an issue in numerous property in Perivale. This initial stage of HS2 will affect 23 local councils including Ealing, from central London to the Midlands.

Q.

What factors can impact land in Bellingham, and will they be thoroughly investigated?

A.

Many of contaminants caused by environmental factors could impact land in Bellingham, like limestone or gypsum quarrying or proposed erection of mobile masts. An environmental search will give more information. Woodburn Waste Disposal Site, Northumberland, NE48 2 may be one Bellingham source of contamination.

 
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