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Transfer of Equity in Burnley

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 Burnley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Helpful local Burnley travel and services details:

Burnley's nearest station is Burnley Barracks at 1 mile and Eccles, Barton Aerodrome Airport is 23 miles from Burnley.

Burnley is approximately 0.25m of the M65 junction entry 10 Eastbound.

Burnley, General is a relatively close hospital to Burnley.

Q.

How do I find the cheapest Burnley conveyancing quote?

A.

Both high-street and online solicitors claim to offer theoretically cheap conveyancing quotes. Often extra charges will be included in the terms of engagement. Your quote should state any disbursements. Any costs which are listed in terms and conditions needs to be reasonable.

Q.

What causes purchase conveyancing legal work to take so long?

A.

The legal work needed to sell or purchase a property can endure stressful setbacks. Homeward Legal do our best to curtail the impact of these delays if it can be achieved.

Q.

I am going to buy a property in Burnley. Does the property receive stamp duty relief?

A.

Stamp duty relief in Burnley will expire in April 2013. Areas in Burnley are Bank Hall, Trinity, Barclay, Brunshaw, Coal Clough with Deerplay, Daneshouse and Fulledge. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

Will it be necessary to get a chancel search if we are intending to buy in the parish of Ardwick?

A.

A solicitor might recommend that a chancel search be ordered. In Burnley's much older areas, chancel repair may be imposed on new owners of a building where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners, so it can be difficult to use this as a guide.

Q.

Will our property solicitor in Burnley tell me about the amount of council tax to be paid for a Band E property prior to completion?

A.

The property solicitor will speak to the council to discover the correct council tax rates, which will then be written in the report on title.

Up-to-date rates for homes in Burnley are detailed on the Burnley local authority website. At the time of writing, 08 June 2012, rates are as follows:

  • Band A - £1,054.00
  • Band B - £1,230.00
  • Band C - £1,406.00
  • Band D - £1,581.00
  • Band E - £1,933.00
  • Band F - £2,284.00
  • Band G - £2,635.00
  • Band H - £3,162.00

Q.

Do you advise that I get searches for chancel liability if I am buying close by a 15th Century rectory manor in Burnley?

A.

Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Burnley Church council. Some names or words such as 'Glebe Farm' give an indication of a property's history, and thus whether chancel liability may apply. Church of England properties in the area include St Andrew w St Margaret and St James, St Catherine, St Cuthbert and St Mark.

Q.

Does your Burnley property solicitor apply for any property on the Lancashire forties detached townhouse we are buying?

A.

When getting a mortgage the lender mandates at least the following for properties in Burnley: Local Authority (council), Drainage and Water Search and Environmental, as well as any area-specific searches, like a Index Map Search (SIM).

Q.

How can I find if any of the protected Burnley conservation areas are in a deteriorating state?

A.

The assessment of the condition of conservation areas is recorded by English Heritage, and the following areas and information are currently viewable at English Heritage: Canalside with Burnley registered as very bad with medium vulnerability and improving, Palatine with Burnley registered as poor with medium vulnerability and deteriorating condition significantly, Burnley Wood with Burnley registered as very bad with low vulnerability and improving, Burnley Town Centre registered as very bad with medium vulnerability and deteriorating condition. Tel: 01282 425011 for more information.

 
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