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Transfer of Equity in Bishops Stortford

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.

Get an instant quote for a transfer of equity in Bishops Stortford.

Remortgage Solicitors Bishops Stortford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

Bishops Stortford attractions

Stansted Mt Essex Windmill and Stansted Mountfitchet St Mary the Virgin Churches Conservation Trust are situated in Bishops Stortford.

Motorists are well served with Bishops Stortford situated with good major road access very close at 1 1/2m of Junction 8 Southbound of the M11.

Stansted Airport is 4 miles from Bishops Stortford. Luton Airport is 23 miles, Cambridge City Airport is 24 miles and away and the nearest train station to Bishops Stortford is Bishops Stortford, almost 1 mile away.

The most convenient hospital for Bishops Stortford is Herts & Essex Bishops Stortford.

Q.

How do we get the best rates for conveyancing for a £251,000 house?

A.

Many firms offer cheap conveyancing, but additional charges are often hiding in the terms and conditions. This small print is often not read by homeowners in a hurry. Applicable disbursements must also be stated on a conveyancing quote Costs ought to be reasonable. Get a quote using the Homeward Legal quote calculator for the property you are buying.

Q.

Will we need a chancel search if I am intending to purchase in the parish of Pirton?

A.

The property solicitor should confirm that a chancel search be ordered. In Bishops Stortford's much older areas, chancel repair can be imposed on new owners of a home where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners.

Q.

The Bishops Stortford home being purchased is on a brownfield land. Can the soil still be contaminated?

A.

The risks posed by topsoil contamination to Bishops Stortford inhabitants are usually low. Metal contamination of topsoil in Bishops Stortford is more likely to occur near disused factories or waste management sites. Data on other contaminants, like disinfection by-products, will also be included in an environmental search.

Q.

What is the council tax on a Forties converted Band C property in Bishops Stortford?

A.

The relevant council tax band should usually be given in the conveyancer's title report along with the local authority. Council tax rates for Bishops Stortford are published at the East Hertfordshire council website. At the time of authoring, 26 February 2013, the different rates are:

  • Band A - £991.00
  • Band B - £1,156.00
  • Band C - £1,321.00
  • Band D - £1,486.00
  • Band E - £1,816.00
  • Band F - £2,147.00
  • Band G - £2,477.00
  • Band H - £2,972.00

Q.

When do I need to arrange a conveyancer?

A.

With a 'no move, no fee' guarantee, the earlier, the better. Prompt instruction of a conveyancing solicitor to act for you on your Bishops Stortford transaction for a sale enables prior to marketing the property, documents can be prepared to make it potentially more attractive to motivated buyers, whereas if you are buying you can shave days off the process by having the details of your instructed solicitor ready when you make an offer.

Q.

As a result of the fact that last year was second wettest year since records began I am asking whether conveyancing and environmental searches might not be exacting enough?

A.

Environmental searches handled by the Bishops Stortford lawyer will also include a far more rigorous Landmark flood search if it is felt necessary.

If you remain still worried you can speak to a local resident.

Q.

For a residence valued at £1.161mil. What should be calculated for stamp duty?

A.

The Stamp Duty rate due is calculated based on the house or flat's price. It will be £58050 on a £1.161mil property.

Q.

How many lenders in Bishops Stortford do you work with?

A.

We are able to work with all the major lenders serving home buyers in Bishops Stortford. Local mortgage lenders and brokers include Mortgage Advice Services, 17 The Old Maltings/Hockerill St, Bishop's Stortford, CM23 2ED. The solicitor handling your conveyancing transaction will be able to carry out any relevant lender-imposed searches or checks.

 
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