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Transfer of Equity in Edgbaston

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 Edgbaston

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Pertinent local public transport and services facts and figures -

Edgbaston's nearest airport is Birmingham Airport (8 miles). Coventry Airport is 20 miles and Wolverhampton Business Airport Airport is 16 miles away and the nearest train station to Edgbaston is Five Ways.

Priory Birmingham is a nearby hospital to Edgbaston.

Q.

How do we get the best rates for conveyancing for a £325,000 house?

A.

Numerous solicitors claim to offer supposedly 'the cheapest conveyancing quotes', but extra fees are often hiding in the terms of engagement. Fees listed in terms and conditions needs to be reasonable and clear and come into force only if your solicitor is required to perform tasks outside a normal transaction in your interest, which could not be anticipated at the start of the process. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

In what ways can my Edgbaston conveyancing solicitor report on the risk of flooding in the Edgbaston area?

A.

An important step in the legal process of buying a property involves the conveyancer making an application for environmental searches that set out details about the potential the local Edgbaston flood risk.

Q.

How many weeks should it take our property lawyer to get through the conveyancing formalities on a flat in a Regency building?

The conveyancing process can take anywhere between one month and twelve weeks, based on any number of things, like the speed of the vendor's conveyancing solicitor, or the speed of managing agents.

Q.

Which specific property conveyancing searches will my property solicitor in Edgbaston conduct when acting on a Edgbaston home?

A.

The conventional conveyancing protocol will be to get the following Local Authority (personal or official), Drainage Search (Con29DW or personal), Environmental and Limestone Search and occasionally particular searches, like HS2 Search.

Q.

What environmental concerns can affect land in Edgbaston?

A.

A wide range of contaminants caused by environmental factors can harm the resale value of property in Edgbaston, like nearby electrical substations or sand or gravel pits. An environmental search will offer more detail. Strensham W T W, Mill Lane, Worcestershire, B15 3AY, for example, may be a source of local contamination.

Q.

For our lender, we have chosen Bank of Scotland, what will we need to consider?

A.

Buyers should know that, in some cases, lenders have limited the firms who can act for them, which may result in increased legal costs for buyers. Homeward Legal can act for all major lenders in the UK, keeping buyers' legal costs to a minimum.

Q.

Please tell us why conveyancing work to buy in Edgbaston goes on for so long?

A.

Conveyancing may be drawn out even in ideal circumstances. Some delays are regrettably out of the conveyancing solicitor's hands, Homeward Legal, however, do our best to minimise their impact wherever reasonable by driving the sale or purchase forward. Delays can include the length of time it takes for the managing agent or landlord to respond to queries.

Q.

What would the charges for our searches total?

A.

Searches in Edgbaston ranges in cost. These searches are paid out to a 3rd party.

 
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