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Transfer of Equity in East Barnet

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 East Barnet

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

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The Conveyancing
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Conveyancing in East Barnet Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

Helpful local East Barnet public service details:

The nearest airport to East Barnet is Elstree, Hogg Ln Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 17 miles, Luton Airport is 20 miles, London City Airport is 13 miles, London Heliport Airport is 12 miles, Heathrow Terminal 5 Airport is 19 miles, Heathrow Terminal 4 Airport is 18 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 8 miles, London Biggin Hill Airport is 22 miles and Stansted Airport is 25 miles away. Oakleigh Park station is around a mile from East Barnet.

The closest hospital to East Barnet is Priory Southgate.

Q.

We are looking for low cost conveyancing, we are on a tight budget.

A.

This topic affects many property buyers and sellers who opted for a very cheap quote, only to be stung later in the conveyancing process. Many law firms promote theoretically 'the cheapest conveyancing quotes', but extra fees may be added into the terms and conditions. Your East Barnet conveyancing quote should list costs to be paid to third parties, including search providers, (disbursements). Extra fees listed in terms and conditions should be fair and come into force only if the solicitor must complete additional work , which could not be anticipated at the start of the process.

Q.

Does a property lawyer in East Barnet conduct any conveyancing searches on the London Fifties terraced home I am purchasing

A.

If purchasing and applying for a mortgage the mortgage lender expects at least the following Local Authority (council), Drainage Search and Environmental, and perhaps less common searches such as Cheshire Brine Search.

Q.

Will I need a chancel search? We are purchasing a East Barnet house on the same street as a parson's close.

A.

Repair costs resulting from chancel liability can total hundreds of thousands of pounds. A number of sources are used to identify liability, including local maps. East Barnet ecclesiastical properties where a chancel search may be necessary include Barnet Brookside Methodist Church and St Mary the Virgin.

Q.

How much is the council tax on a residential detached Band A property in East Barnet?

A.

You will be given detail on your houses band within the report on title. Correct rates for residents of East Barnet are published at the Barnet local authority website. At the time of writing, 29 September 2012, band rates are:

  • Band A - £947.00
  • Band B - £1,104.00
  • Band C - £1,262.00
  • Band D - £1,420.00
  • Band E - £1,735.00
  • Band F - £2,051.00
  • Band G - £2,367.00
  • Band H - £2,840.00

Q.

What fact finding in connection with the uncertain risk of a flood in the Barnet area will the conveyancing solicitor in East Barnet report back to us on?

A.

An essential part of the conveyancing process of purchasing a property involves a solicitor applying for conveyancing and environmental searches that give certain details with regard to the local East Barnet flood risk. A recent check (25-Dec-12) there were no warnings around the Pymmes Brook at East Barnet at the The Lower Lee Tributaries, including the Nazeing Brook, Ching Brook, Cobbins Brook, Pymmes Brook, Rags Brook, Salmons Brook, Turkey Brook, Trinity Marsh Ditch and the Small River Lee

Q.

What causes conveyancing to seem to be so slow?

A.

Conveyancing could be lengthy, Homeward Legal, however, understand that these can cause considerable stress and seek to reduce the consequences of these delays by driving the transaction forward. Reasons for delay can include difficulties with mortgage finance.

Q.

Do I need to get a home surveyor to look into the house we are interested in buying?

A.

Homeward Legal recommend that home buyers order a house survey. It is a fact that there are a range of concerns that can negatively affect a property, which a conveyancing solicitor will not report on, such as roof spread and poor drainage.

Q.

Do I need to employ a solicitors firm referred by my agent?

A.

Estate agent recommendations are a not uncommon path for purchasers to get a solicitor, however, such referrals should be compared against alternatives, as an agent may choose the firm which pays to the largest referral fee, not the most suitable for you.

 
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