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Transfer of Equity in Coventry

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 Coventry

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Some useful public service details for your records:

Coventry’s latest census statistics show that Coventry has a residential population 821, 807, all of who live in an area approximately 184, 366 hectares. These figures give a rough population density of 4.5 people per hectare in the city limits.

Coventry's closest station is just called ‘Coventry’ and is situated just 1 mile from the city centre.

Coventry's closest airport is Coventry Airport which is 3 miles from the city. There is also Birmingham Airport, which is still only 10 miles away.

Q.

Coventry points of interest

A.

Coventry Herbert Art Gallery and Midland Air museum Aviation Museum are situated in Coventry.

The closest hospital to Coventry is Coventry & Warwickshire.

Q.

How do we find the best conveyancing rates in Coventry for a £488k house?

A.

Misleading conveyancing quotes catch out many property buyers and sellers leaving them to pay sometimes £100s more than planned and many solicitors advertise cheap conveyancing quotes. Unfortunately extra costs are often hiding in the solicitor's terms of engagement left unregarded by busy property buyers and sellers Any extra costs ought to be fair and be applied only where your lawyer must complete work beyond standard conveyancing which could not be anticipated at the start of the process.

Q.

If Coventry land is found to be contaminated, can we have the soil remedied?

A.

Remediation is possible is some cases, though it tends to be costly. A local provider such as Coventry Turf Supplies, 104-108 Avon St, Coventry, CV2 3GN, 024 7645 0101, may be able to provide more information.

Q.

Could aluminium contaminate land in Coventry?

A.

Regulations have been enforced to control pollution, waste, water and chemical contamination of land in Coventry. Other sources of contaminated land may include groundwater contaminants such as oil and asbestos. Your solicitor will apply for an Environmental Search

to findout if these problems will affect you.

Q.

I have read about the major flooding in the Midlands and I’m wondering whether Environmental Searches will be sufficient to help us avoid buying a place prone to flooding?

A.

A thorough solicitor in Coventry will suggest that you get additional conveyancing searches such as a Flood Risk Search if the Environmental Searches identify a significant risk of flooding in Coventry

You can always contact a next door neighbour to gain extra peace of mind, or speak with a nearby Warwickshire flood repair builder - like Chemdry, Central House, Lanthwaite Road, Clifton, Nottingham, NG11 8LD. Tel: 0800 048 3581.

Q.

What is the council tax on a Band G house in Coventry?

A.

The council tax band will, in most cases, be reported as part of your Title Report along with the local council letters.

Correct rates for properties in Coventry are tabled at the Coventry council site. At the time of writing, 28th November 2016, band rates are:

  • Band A - £1,064.63
  • Band B - £1,242.07
  • Band C - £1,419.51
  • Band D - £1,596.95
  • Band E - £1,951.83
  • Band F - £2,326.85
  • Band G - £2,684.81
  • Band H - £3,193.89
Q.

Which local authority is responsible for Coventry?

A.

Coventry is located in Coventry City Council, Council House, Earl Street, Coventry CV1 5RR phone: 02476 833 333

Q.

Will I need to get a Chancel Search if I am buying a house in Coventry?

A.

Owners of property in Coventry may indeed be subject to Chancel Repair Liability. A good conveyancing lawyer will be able to carry out a Chancel Search and advise on an insurance policy if necessary. Church properties in the local area include Finham St. Martin-in-the Fields, St. John the Baptist, East Team Ministry St. Anne and All Saints and Cathedral.

Q.

How early do you need to arrange a solicitor?

A.

Simply, as soon as possible. Early instruction of a solicitor to act on your Coventry sale or purchase can limit the risk of the purchase or sale stalling.

 
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