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Transfer of Equity in Bromley

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 Bromley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

Buying a residential property in the area? Useful local Bromley public service information

As confirmed by the most recent (2011) national census the population of Bromley 299,293 spread over an area of 35,567 acres which equals a density of residential population of 8.4 people per acre.

Q.

Bromley points of interest

A.

Brixton London Windmill, London National Portrait Gallery Art Gallery and Temple Middle Temple Hall Historic Building are close to Bromley.

The nearest train station to Bromley is Charing Cross and the closest airport to Bromley is London City Airport. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 14 miles and London Biggin Hill Airport is 14 miles away.

Commuters are well served with Bromley ideally situated with good road access very close at a couple of miles of the A40M.

The closest hospital is Royal London Homeopathic.

Q.

How do we get a cheap solicitor for selling a residence?

A.

Confusion over this matter catches out many homeowners, and can leave them paying far more in fees than they budgeted. Many law firms offer so-called 'the cheapest conveyancing quotes'. Often extra fees are often hiding in the solicitor's terms. Excited homeowners, eager to get underway, often ignore this small print when they instruct. Fees found in terms of engagement should be fair. A conveyancing quote should also clearly state any disbursements to be paid.Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

Doing your own conveyancing without the support of a conveyancing solicitor in Bromley is becoming possible when buying and selling a flat , but would it be practicable ?

A.

There are no reasons why a home buyer shouldn't take care of the majority of the legal process without the help of a qualified property solicitor in Bromley.

However, a Bromley property solicitor carries out a large array of assignments such as approving pre exchange checklists or applying for searches most of which really need adequate training.

Q.

What type of investigation regarding the risk of local flooding around South East London will a conveyancer in Bromley advise on?

A.

A necessary component in the legal due diligence process carried out when buying a property involves the conveyancing lawyer applying for conveyancing and environmental searches that provide some details on the Bromley historical flood risk.

Q.

It seems that tin soil contamination may be an issue in Bromley. Please advise.

A.

Restrictions exist to manage soil contamination, some contaminants, however, can impact the local environment years after exposure. Various bodies hold data on land contaminants affecting Bromley, including local authorities.

Q.

How much is the council tax on a terraced house in Bromley?

A.

Normally a conveyancing report on title will contain the appropriate Bromley council tax band.

Council tax charges for residents of Bromley are published online at the Bromley council website. On 06/11/2012 rates are:

  • Band A - £865.00
  • Band B - £1,010.00
  • Band C - £1,154.00
  • Band D - £1,298.00
  • Band E - £1,586.00
  • Band F - £1,875.00
  • Band G - £2,163.00
  • Band H - £2,596.00

Q.

I am intending to buy a home. Do we need 'conveyancing searches'?

A.

These searches are enquiries ordered by the conveyancing lawyer via one of several specific authorities. Whether buying in Bromley or elsewhere, you should be aware that, these searches consider legal considerations.

Q.

If we are buying next to a priory in Bromley, will you need to get a chancel search?

A.

Owners of property in Bromley may be subject to chancel repair liability. A number of sources are used to identify liability, including the Title Register database. Church properties in this area where a chancel search may be necessary include Common St Luke, Downham, St Barnabas, Common Holy Trinity and Plaistow St Mary.

Q.

We are buying a 1950s house within a conservation area in Bromley, how do I locate more details in relation to the standard of upkeep?

A.

English Heritage, a government body, maintain records of the condition (poor to good) of conservation areas in England. Local conservation areas are specified by Bromley who oversee things like what can be demolished to the stoppage of neglected buildings.

 
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