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Transfer of Equity in Chelsea

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 Chelsea

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Chelsea points of interest

Carlyle's House National Trust , Wandsworth London Windmill, Science Museum Kensington Aviation Museum and Apsley House English Heritage are in Chelsea.

The closest airport to Chelsea is London City Airport (10 miles). Heathrow Terminals 1 2 3 Airport is 12 miles, London Heliport Airport is 2 miles, Heathrow Terminal 5 Airport is 14 miles, Gatwick South Terminal Airport is 23 miles, Gatwick North Terminal Airport is 23 miles, Heathrow Terminal 4 Airport is 12 miles, Northolt Jet Centre Airport is 11 miles s, Elstree Airport is 14 miles and London Biggin Hill Airport is 14 miles away and the nearest station to Chelsea is West Brompton.

Commuters are well catered for with Chelsea being well placed with excellent major road access less than 3m of the A40M.

The closest hospital for Chelsea is Chelsea & Westminster.

Q.

How do I get the best conveyancing rates in Chelsea for a £120,000 residence?

A.

Both high-street and online solicitors purport to offer theoretically cheap conveyancing, but extra fees will be included in the small print, left unregarded by busy homeowners Extra costs listed in terms and conditions should be reasonable. Your quote should, in addition, define the disbursements to be paid.The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

How much will searches be?

A.

Searches range in cost. Informative but less frequently ordered extra searches include a commons registration search.

Q.

Will the report on the property's title compiled by the Chelsea conveyancing solicitor advise us on the applicable rates of council tax for a property prior to contracts are exchanged?

A.

Your lawyer will liaise with the appropriate council to ascertain the appropriate council tax charges which will then be detailed in the title report. Correct charges for homes in Chelsea are listed at the council site.

Q.

Should we be worried about 'fixtures and fittings'?

Mainly, fixtures are fixed elements, such as fixed towel rail to floors, walls and ceilings, whereas fixtures are free-standing items, such as carpets. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction. This makes a fixtures and fittings form so necessary.

Q.

What sort of flood plain searches in relation to the potential risk of floods around Kensington And Chelsea will the property lawyer in Chelsea be able to apply for?

A.

An important step in the conveyancing procedure of purchasing a property involves the solicitor applying for conveyancing and environmental searches that provide specific information on the subject of Chelsea flood risk area. In addition your Chelsea property lawyer may recommend a more involved (e.g. Landmark) specialist flood risk search. On (18-Dec-12) there were no warnings around the Coast from Fairlight to Dungeness including the Tidal Rother at the River Thames riverside from the Thames Barrier to Putney Bridge

Q.

Can you recommend how we avoid paying for SDLT?

A.

SDLT is usually payable for houses over £125,000. Stamp duty mitigation should be treated with extreme caution. Such schemes are often uneconomical and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

Does your conveyancing solicitor in Chelsea conduct any searches on the London forties terraced townhouse I am buying?

A.

If you are obtaining a mortgage lender mandates specific searches, including the following for properties in Chelsea: Local Authority, Drainage and Water Search (CON29DW or personal) and Environment Search and occasionally area-specific searches, like a HS2 Search.

Q.

Does your firm manage auction conveyancing in Chelsea?

A.

Yes - Homeward Legal is highly experienced with bidders at auction. Our property solicitors have in the past been instructed by countless successful bidders at national and local property auctions such as Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Prudent purchasers will decide on a property conveyancing lawyer as soon as possible to give enough time for a full investigation of the auction legal pack in advance of the date of the auction.

Thereafter, following the property auction date your lawyer is utterly prepared for finishing the conveyancing within the usual 28 days as conventionally required .

 
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