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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: 14/01/17

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.

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.

What do we need to be aware of if we invest in a detached house in a Kensington and Chelsea planning authority conservation area ?

An integral part of the property legal involves procurement of searches of the local authority to determine conservation area status and the appropriate consent for modifications. .

Q.

I am trying to find extra fast Chelsea conveyancing solicitors, is that Homeward Legals solicitors?

A.

Homeward Legal takes a highly active method to conducting legal work to suit a clients time frame.

By using advanced software systems . We give clients a regulated lawyer prepared to communicate with the entire home buyer and seller chain like local authorities, to reach a fast sale

Q.

In respect of the worrying amount of flooding in the UK in April 2012 we are wondering whether property conveyancing searches aren't sufficient?

A.

A diligent Chelsea property solicitor will recommend that you get informative flood risk searches if the environmental searches determine a the local Chelsea flood risk

For more assurance why not speak to a local resident.

Q.

What causes conveyancing to be so delayed? Isn't it a simple matter of filing paperwork?

A.

Conveyancing can suffer setbacks. We seek to reduce the impact of these delays if it can be achieved by, for example, ordering searches as early as possible. Reasons for delay can include slow third parties such as landlords or managing agents.

Q.

What average time does it take my designated conveyancing solicitor to exchange the conveyancing process for the top floor of Thirties building we are intending to purchase in Chelsea?

A.

It can take anywhere from one month to 3 months dependent on a number of issues, like the speed of the seller's conveyancing solicitor, or whether there are any linked sales. Homeward Legal's conveyancers are extremely focused on communication completing the process as rapidly as we possibly can.

Q.

For a property valued at £346000. How is Stamp Duty Land Tax calculated?

A.

Stamp Duty is calculated based on the valuation. Stamp duty will be £10380 on a £346000 house or flat.

 
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