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Transfer of Equity in Bury St Edmunds

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 Bury St Edmunds.

Remortgage Solicitors Bury St Edmunds

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Bury St Edmunds 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.

Get an online Bury St Edmunds solicitor remortgage quote to begin.

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Conveyancing in Bury St Edmunds Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 18/01/17

Helpful local Bury St Edmunds travel and services facts ;

The nearest station to Bury St Edmunds is Bury St Edmunds. The nearest airport to Bury St Edmunds is Elmsett, Whatfield Rd Airport (16 miles). Elmsett Airport is 17 miles and Cambridge City Airport is 23 miles away.

Nuffield Bury St Edmunds is a nearby hospital for Bury St Edmunds.

Q.

How do we find the best conveyancing rates for a 554,000 house?

A.

This catches out many homeowners, and can leave them paying far more in fees than they budgeted. Many solicitors advertise so-called 'the cheapest conveyancing quotes', however extra costs will be included in the terms. Any extra costs listed in your solicitor's terms should be clearly defined and only come into force where the lawyer must perform additional tasks , which could not be anticipated at the start of the process. Applicable disbursements ought to be defined on a Bury St Edmunds conveyancing quote. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

We are taking out a mortgage in Bury St Edmunds with Mortgage Express, is there anything I need to be aware of?

A.

Buyers in Bury St Edmunds should be aware that, over the last two years, some lenders have decreased the number of firms on their approved panel. This can mean greater conveyancing costs for buyers. Homeward Legal will act on behalf of the vast majority of lenders, ensuring that an additional property lawyer will not be required to act for your lender.

Q.

Are purchasers regularly gazumped in Bury St Edmunds?

A.

Gazumping takes place when a seller accepts an offer and later dismisses it. Instead, they then go for a greater offer. The risk of getting gazumped is present

in any transaction. Instructing a fast, efficient solicitor early, and even before acceptance of an offer is a key first step to reducing this risk.

Q.

Do you advise that I get searches for chancel liability if my family are purchasing in Bury St Edmunds?

A.

Owners of property in Bury St Edmunds may be subject to chancel repair liability. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Bury St Edmunds Church of England properties include All Saints, St Edmundsbury Cathedral, Christ Church Moreton Hall and St Mary.

Q.

How long on average will it take our assigned conveyancing solicitor to finish all of the conveyancing work on the top floor of property we are intending to purchase in Bury St Edmunds?

A.

The process can take anywhere from one month to 3 months, which can depend on a number of factors e.g. the speed of the seller's property solicitor, or the communication, with managing agents. Our chosen lawyers are exceptionally results-focused exchanging as quickly as we possibly can.

Q.

Should I make use of the property lawyer referred by my local agent?

A.

Both agents and mortgage brokers may suggest a solicitor. However, if they are paid a referral fee, some agents choose the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.

Q.

I have taken out a quote from you. Are there any additional costs?

A.

No. We never charge any hidden extra charges for your standard conveyancing. Some solicitors only estimate conveyancing costs. The bill you receive on completion can be much greater.

Q.

I am purchasing a new build property, should we have searches done?

A.

Conveyancing searches are enquiries performed on behalf of the party intending to buy the property. They are not carried out by a property surveyor and do not relate to defects such as cavity wall tie failure.

 
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