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Transfer of Equity in Byfleet

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 Byfleet

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 13/01/17

Practical nearby transport and services facts and figures -

Byfleet is very close at approximately 1.4 miles off the M25 junction entry 10 Westbound.

The closest station to Byfleet is Byfleet and New Haw, about 1 mile away. Heathrow Terminal 4 Airport is 8 miles from Byfleet. Heathrow Terminals 1 2 3 Airport is 10 miles, London Heliport Airport is 16 miles, Heathrow Terminal 5 Airport is 10 miles, Farnborough (TAG London) Airport is 14 miles, Gatwick South Terminal Airport is 19 miles, Gatwick North Terminal Airport is 18 miles, Northolt Jet Centre Airport is 16 miles, Elstree Airport is 23 miles, White Waltham Airport is 17 miles, Blackbushe Airport is 16 miles, London Biggin Hill Airport is 22 miles and Booker Airport is 24 miles away.

Whiteley Village Walton on Thames is the neighbouring hospital to Byfleet.

Q.

We need a solicitors firm that offers cheap conveyancing. and what is included?

A.

Misleading conveyancing quotes catch out many homeowners, leaving them to pay sometimes £100s more than planned, and many conveyancers purport to offer cheap conveyancing. However extra costs are frequently hidden in small print. Any fees should be clearly defined. Our online quote calculator will generate an accurate quote for your transaction.

Q.

How long should it take our solicitor to conclude all of the legal work on a semi detached home we want to buy?

A.

Getting contracts exchanged can take anywhere between one month and 3 months, which can depend on a number of factors, for example the speed of the vendor's property solicitor, or the speed of other lawyers in the chain. Our chosen conveyancing solicitors are highly proactive with the goal of completing as promptly as possible.

Q.

What sort of local searches into the risk of flooding in the Surrey area will the lawyer in Byfleet actually carry out for a Sixties house I am buying?

A.

The conveyancing solicitor will apply for formal environmental searches that will include Byfleet area flood risk data. A substantially more involved Surrey

database search (e.g. Landmark) may be advocated by a qualified conveyancing solicitor in Byfleet if in the event that the environmental search identify a risk of flooding.

Q.

Byfleet conveyancers carry out varied property conveyancing searches when they are instructed to act for a purchase client, but which particular searches?

A.

When you are applying for a mortgage the building society of bank will expect at least the following Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environmental, and occasionally specific local Byfleet searches, like a Cheshire Brine Search.

Q.

The property being purchased is on a ex-industrial use land. Could the top-soil be contaminated by industrial waste like strontium (Sr)?

A.

Some metal contamination may have occurred throughout Byfleet, but an area will only be identified as 'contaminated land' if the risk to human life or the environment is deemed unacceptable. Environment search results will factor contaminants, including metals and others such as water contaminants such as sewage and trichloroethylene.

Q.

If we are purchasing near Byfleet, in the parish of Battersea St George, do we need a chancel search?

A.

The solicitor may suggest a chancel search, irrespective of the parish in which the property being purchased is located. Through some Parochial Church Councils have opted to impose chancel repairs on the current owners of lay rectorships, a conveyancing solicitor cannot verify that a parish where dues have not recently been paid will not be so in future. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

Our agent has named the firm of solicitors who they generally use. Will it be more cost-effective to use this firm?

A.

It is commonplace for agents in South Petherton to endorse a conveyancer. However, if the agent is paid a fee by the solicitor, some agents may 'recommend' the conveyancer who pays out the highest referral fee, not the most suitable for you.

Q.

We are completing in August. What will be calculated for Stamp Duty Land Tax rates?

A.

The Stamp Duty owed is based on the house or flat's value. For a home worth £949000, stamp duty is £37960 (correct March 2013).

 
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