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Transfer of Equity in Ely

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 Ely

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

Helpful local Ely services details:

The closest airport to Ely is Cambridge City Airport (14 miles). and Ely station is almost a mile from Ely.

Princess Of Wales Ely is the most convenient hospital to Ely.

Q.

We are looking for a cheap solicitor quote to buy a flat. as we are on a budget.

A.

Many property lawyers advertise theoretically 'the cheapest conveyancing quotes'. However extra costs may pad your final bill. Extra charges ought to be fair. A quote for conveyancing in Ely ought to list applicable disbursements.

Q.

What designated conservation areas are there in Ely?

A.

These areas conserve neighbourhoods designated as being of historical merit. These restrictions may impose liability on a buyer for unauthorised alterations made by previous owners, but the benefits will include properties can be easier to sell. Your solicitor will provide more details.

Q.

What specific property will my property lawyer in Ely get on a Ely property?

A.

The common procedure will be to get Local Authority Search, Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps less common searches, which might include Land charge Searches.

Q.

If contaminated land is found in an Ely environmental search, can the soil be cost-effectively remedied?

A.

Remediation of contaminated land in Ely is possible is some cases. For additional information, contact Cornwell G & A, Lane Farm, Wardy Hill, Ely, CB6 2DS.

Q.

Would you state taking steps to defer paying stamp duty land tax?

A.

Stamp duty commonly must be paid on residential property valued at over £125,000. We do not advise home buyers arrange any stamp duty mitigation, as such schemes are expensive and unreliable.

Q.

How is stamp duty assessed, and what should it be on a £849000 residential property?

A.

Stamp Duty in Ely will depend on the house's value. It is £33960 on a £849000 residential property.

Q.

When buying a converted building in the boundary of conservation areas, how does one locate information in regards to the current state of repair of the area?

A.

Following a campaign, English Heritage have produced a list of the state of repair of conservation areas. Local Ely conservation areas are specified by the local authority (East Cambridgeshire) who maintain things like upkeep of paths to the obstruction of advertising hoardings.

Q.

What local factors can contaminate land in Ely, and will they be comprehensively investigated?

A.

Many of contaminants caused by factors caused by man and by nature may ruin residential property in Ely, such as environmental radon sources. An environmental search will reveal this in more detail. Block Fen Drove, Mepal, CB6 2AY may be one Ely source of contamination.

 
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