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Transfer of Equity in Cotgrave

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 Cotgrave

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/12/16

Pertinent Cotgrave public transport and public service information

Cotgrave's nearest airport is Tollerton, Nottingham City Airport. East Midlands Airport is 14 miles and Tollerton Airport is 2 miles away. Radcliffe train station is around 3 miles from Cotgrave.

Lings Bar West Bridgford is the nearest hospital to Cotgrave.

Q.

Please confirm the cheapest fee for a 236,000 home? I need to find an affordable Cotgrave conveyancing quote.

A.

Various property lawyers advertise 'the cheapest conveyancing quotes', however extra charges will be included in the solicitor's terms. Excited buyers, eager to get underway, often ignore this small print when they instruct. Any costs included in terms and conditions ought to be fair and clearly defined. Your conveyancing quote should state any disbursements to be paid.We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

Will the title report compiled by the property solicitor in Cotgrave investigate the applicable rates of the council tax on a Band C property prior to exchange?

A.

Your property solicitor will approach the relevant council to enquire about the applicable council tax rates, which should be detailed in the report on title. Up-to-date charges for Cotgrave are tabled at the Rushcliffe local authority website. At the time of writing (04 November 2012) rates are:

  • Band A - £1,069.00
  • Band B - £1,248.00
  • Band C - £1,426.00
  • Band D - £1,604.00
  • Band E - £1,960.00
  • Band F - £2,317.00
  • Band G - £2,673.00
  • Band H - £3,208.00

Q.

Would getting a Homebuyer Report be necessary when purchasing a house or flat, regardless of its age?

A.

Homeward Legal firmly suggest that the majority of purchasers in Cotgrave arrange a surveyor when purchasing in Cotgrave. There can be many defects that have a negative impact on a property, such as flat roof leaks, and issues such as these are not likely to be investigated as part of the conveyancing itself.

Q.

The web is full of collections of online handbooks on the subject of DIY conveyancing. That being the case, do I want to use a lawyer in Cotgrave for my move?

A.

Legally speaking there is no reason why a seller cant take care of he legal and technical work without assistance.

That said, a property solicitor is familiar with a large array of exercises ranging from raising additional enquiries and the Land Registry formalities many of which require a skilled professional.

Q.

When do you need to arrange a solicitor?

A.

With few exceptions, the faster you instruct the better, as conveyancing involves a number of tasks that can be performed very early in the process. Some suggest holding off instruction until an offer is accepted, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.

Q.

What are conveyancing searches in relation to?

A.

Conveyancing searches are a typical bundle of enquiries undertaken for the buyer. They do not include information relating to a property's structure.

Q.

What type of environmental conveyancing searches concerning the potential risk of flooding in Nottinghamshire will the Cotgrave property solicitor conduct?

A.

An experienced lawyer will apply for conveyancing searches, which include Cotgrave flood risk area data.

Q.

What is gazumping?

A.

The practice of rejecting the first offer post-acceptance when a better one is made by another buyer is called gazumping. The danger of gazumping is present in any transaction. You should instruct your solicitor as soon as possible to reduce the chance of gazumping.

 
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