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Transfer of Equity in Colindale

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 Colindale

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Colindale clients every week.

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Conveyancing in Colindale Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Colindale area information

Arkley Londn Windmill, RAF Museum Hendon Aviation Museum and Kingsbury St Andrew’s Old Church Churches Conservation Trust are situated in Colindale.

The closest airport to Colindale is Elstree, Hogg Ln Airport (5 miles). Heathrow Terminals 1 2 3 Airport is 12 miles, Luton Airport is 21 mile s, London City Airport is 15 miles, London Heliport Airport is 9 miles, Heathrow Terminal 5 Airport is 13 miles, Heathrow Terminal 4 Airport is 13 miles, Northolt Jet Centre Airport is 7 miles, Elstree Airport is 6 miles, White Waltham Airport is 23 miles, London Biggin Hill Airport is 22 miles and Booker Airport is 24 miles away. The closest station to Colindale is Hendon.

Colindale is about a mile off the M1 junction entry 2 Northbound.

The closest hospital to Colindale is Colindale Kingsbury.

Q.

On the purchase of a £423,000 property, what will be the fees? We need low cost conveyancing in Colindale.

A.

Many solicitors advertise supposedly cheap conveyancing quotes, however additional fees are often hiding in the terms of engagement. Costs which are listed in the terms should be fair and only be applied if your solicitor must perform additional tasks for you, which could not be anticipated at the start of the process.

Q.

If we are intending to purchase in the parish of Hammersmith, should we get a chancel search?

A.

Your lawyer may suggest that a chancel search is ordered, whichever parish where the building being bought is located. Through some Parochial Church Councils (PCCs) have taken the decision to exact chancel repairs on new owners of affected property, it cannot be guaranteed that a parish in which lay rectors have not been expected to pay chancel repair dues recently will continue to be unaffected.

Q.

How is stamp duty rates calculated and what should we pay on a £774000 property?

The Stamp Duty that will be due is based on the valuation. On a £774000 house in Colindale, stamp duty will be £30960.

Q.

Is a building survey sensible when we are buying residential property?

A.

It is advised that all buyers order a property survey when you plan to buy in Colindale. There can be many concerns that will impact a property, which include flat roof leaks or ground movement, and issues such as these are not likely to be investigated as part of the conveyancing itself.

Q.

Can you confirm how to get out of paying for stamp duty?

A.

Homeward Legal do not recommend any stamp duty reduction. These 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. There have been a number of legal initiatives, such as for first-time buyers.

Q.

If I am buying next to parish grounds in Colindale, will I need a chancel search?

A.

There are fifteen thousand parishes in the UK. Owners of property within some of these may be required to cover the cost of the repair of a local church. Several sources are used to determine liability in Colindale, including the Title Register database. Colindale churches which may give rise to chancel liability include St Matthias.

Q.

Does a Colindale conveyancer apply for any conveyancing searches on the London forties terraced building I am buying?

A.

If buying and obtaining a mortgage the lender mandates a specified set of searches, including these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environment Search, and, depending on certain criteria, less common searches such as Anti Money Laundering Search.

Q.

What is the council tax on a Fifties end of terrace house in Colindale?

A.

Frequently the conveyancing report on title should contain the Brent council tax band.

The latest council tax charges for homes in Colindale are published on the Brent local authority site. At the time of writing, 21 November 2012, rates for all bands are:

  • Band A - £910.00
  • Band B - £1,062.00
  • Band C - £1,214.00
  • Band D - £1,366.00
  • Band E - £1,669.00
  • Band F - £1,973.00
  • Band G - £2,276.00
  • Band H - £2,731.00

 
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