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Transfer of Equity in Cambridge

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 Cambridge

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 06/12/16

Pertinent Cambridge travel and services facts -

As determined by the UK census, Cambridge's usual residential population is 421,467 people spread over an area of 461,188 acres (186,636 hectares) meaning a residential population density 0.9 people per acre (2.3 per hectare).

Q.

Cambridge attractions and landmarks

A.

Impington Cambs Windmill, Cambridge All Saints Churches Conservation Trust and Cambridge Leper Chapel Historic Building are in the vicinity of Cambridge.

Cambridge is nearby at under 2m of junction entry 13 Southbound of the M11.

Cambridge's closest train station is Cambridge at 1 mile s. Cambridge's nearest airport is Cambridge City Airport. Stansted Airport is 23 miles away.

The nearest hospital for Cambridge is Cambridge.

Q.

I am trying to find discount conveyancing in Cambridge. How do we get a quote?

A.

Many firms offer cheap conveyancing quotes, however extra charges can pad the final bill. Any extra costs should be reasonable. The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Do I need to get a chancel liability search? I am buying a residence in Cambridge.

A.

Potentially amounting to over £100,000 in repair cost obligations, chancel liability should be considered by buyers of Cambridge property likely to be affected. Several sources are used to determine liability in Cambridge, including parish archives. Church of England properties in this area include Little St Mary's, St Thomas's Hall, Holy Trinity and The Round Church (Holy Sepulchre).

Q.

How early is it appropriate to find a solicitor in Cambridge?

A.

With a 'no move, no fee' guarantee, the sooner you instruct a solicitor, the better. Instructing a solicitor to handle your Cambridge conveyancing early for a sale enables documents can be prepared earlier, considerably accelerating the whole process, 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 Met Office projecting more intense rainfall we are thinking that environmental searches won't be detailed enough?

A.

Environmental searches conducted by your conveyancing solicitor in Cambridge should also include the far more in depth search (Landmark) if the risk warrants it.

If you remain still worried why not try to speak to a future neighbour or nearby Cambridgeshire flood repair expert try Associate Decorators Ltd, Unit B Ronald Rolph Court Wadloes Road, Cambridge, CB5 8PX Tel: 01223 476335.

Q.

In about four weeks we are anticipating to be finally moving from our detached house on the outskirts of Cambridge into our new home in Longthorpe . At what stage to choose a removal company?

A.

Best practice is for home movers to wait before the removals company until you and the other side has agreed a formal home moving date that occurs once contracts are signed. Routinely removals companies might impose a rearrangement charge . For a local Cambridgeshire firm Removal Co, 48 Regent St, Cambridge, CB2 1FD Phone: 01480 352220 or Ellis & Bradley, 22 Gwydir Street, Cambridge, CB1 2LL Tel: 01763 241437.

Q.

What is the council tax on a residential detached Band A home in Cambridge?

A.

Your appropriate band will conventionally be identified in the conveyancing report on title, and by the local authority.

Up-to-date rates for residents of Cambridge are detailed on the Cambridge local authority website. Currently (07 October 2012) the different rates are:

  • Band A - £986.00
  • Band B - £1,150.00
  • Band C - £1,315.00
  • Band D - £1,479.00
  • Band E - £1,808.00
  • Band F - £2,136.00
  • Band G - £2,465.00
  • Band H - £2,958.00

Q.

What do we need to calculate SDLT?

A.

The Stamp Duty which will be owed is calculated with reference to the property's price. Stamp duty will be £28120 on a £703000 house in Cambridge.

Q.

How does the property solicitor in Cambridge advise me on the risk and history of flooding around Cambridge on a Sixties property I am intending to purchase?

A.

A conveyancing solicitor conducts property conveyancing searches that will include Cambridge flood risk data.

 
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