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Transfer of Equity in Chatteris

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 Chatteris

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

Practical local Chatteris transport and services facts and figures ;

Chatteris's nearest station is Manea and Chatteris's closest airport is Cambridge City Airport.

Princess Of Wales Ely is the closest hospital for Chatteris.

Q.

How can we ensure our cheap quote is fixed? I am looking for a fixed rate conveyancing quote in Chatteris.

A.

Lack of clarity over this topic catches out many buyers and sellers, and can leave them paying far more in fees than they budgeted. Many firms claim to offer theoretically cheap conveyancing quotes, however additional charges can inflate the solicitor's invoice. Any fees listed in the small print should be fair and reasonable. A quote should, in addition, define any disbursements.Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

How early is it appropriate to arrange a solicitor?

A.

The straightforward answer is, instructing as early as possible is better. Instructing your solicitor earlier for a purchase may mean that you will the details of your Chatteris solicitor ready when you make an offer, or, if you are selling a property, paperwork can be prepared, even before a buyer is found.

Q.

The estate agent has named the property lawyer. Will it be cheaper to instruct them?

A.

It is not uncommon for agents to refer one or more conveyancing firms. These referrals should be compared against alternatives, as an agent may choose the firm which pays to the largest referral fee, not the most suitable for you.

Q.

Will our conveyancing charges incorporate any additional costs?

A.

No. Our solicitors never hide any extra, hidden charges for conveyancing in Chatteris. A Homeward Legal conveyancing quote is an accurate fee the legal expenses for your transaction.

Q.

The purchase is completing next October, how is SDLT calculated?

A.

Stamp Duty is calculated with reference to the value of the property. Stamp duty will be £9540 on a £318000 property.

Q.

Is it necessary that I get a chancel search? We are buying a property in Chatteris.

A.

The result of a court case between a parish council and owners of neighbouring farmland liable for church repairs reaffirmed that 'lay impropriators' of property must contribute towards church repairs. Owners who have bought property prior to 2003 may be totally unaware that a liability exists if a chancel search was not carried out. A solicitor will be able to advise as to whether a chancel search is necessary, and recommend suitable insurance. Ecclesiastical properties in the local area include St Peter & St Paul.

Q.

Is contaminated land in Chatteris a concern for any properties?

A.

Land could be contaminated by a broad range of natural causes, like waste treatment sites in the area or proposed erection of mobile masts. An environmental search will give more detail.

Q.

We are on a very tight budget. Can doing DIY conveyancing without the help of a Chatteris lawyer save any money?

A.

It can possible to handle the legal process yourself. That said, a Chatteris lawyer is in charge of a significant number of actions e.g. chasing deeds and identifying conservation area breaches which require a qualified professional. Despite that solicitors are liable to be required to obtain the appropriate insurance to insulate you from any failures.

 
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