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Transfer of Equity in Exton

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 Exton

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

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Conveyancing in Exton Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/12/16

Read about the Exton area ;

Exton's closest station is Oakham and Exton's closest airport is Tollerton, Nottingham City Airport.

Q.

Exton area information

A.

Oakham Rutland Falconry and Owl Centre Birds of Prey Centre and Burley Holy Cross Churches Conservation Trust are situated in Exton.

The most convenient hospital for Exton is Rutland Memorial.

Q.

How do we get a cheap solicitor quote to purchase property?

A.

Numerous solicitors promote so-called 'the cheapest conveyancing quotes', but additional charges can inflate the final invoice. Any fees needs to be fair and reasonable.

Q.

Can I get out of paying stamp duty on buying a house in Exton?

A.

Stamp duty reduction scheme should not be considered when purchasing in Exton, as such schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

Environmental searches are determined from archived records and when you factor in current events such as the widespread flooding in Sept 2012 in the East Midlands are they actually good enough to see sufficient information about the changing Exton area flood risk?

A.

An experienced Exton lawyer will recommend that you include flood searches if the environmental searches flag up a risk of flooding in Exton.

Why not speak to a neighbour of the property for some further comfort.

Q.

What are searches in relation to?

A.

These searches are a standardised set of enquiries raised by the purchaser's property lawyer. Searches cannot be used in place of a survey.

Q.

For fast conveyancing to buy a £595,000 house, how could we speed up our transaction?

A.

Contacting a proactive and experienced conveyancing solicitor is essential to a fast conveyancing transaction. That said, there are a number of tasks you, as the purchaser, could do. These include:

  • keeping in regular contact with the conveyancing solicitor
  • quickly answering your conveyancing solicitor's questions (by email if possible)
  • arranging any finances require to complete the purchase

Q.

Should you get a chancel liability search? We are buying in Exton.

A.

Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Exton Church council. Several sources are used to determine liability in Exton, including county histories. Ecclesiastical properties in the local area where a chancel search may be appropriate include St Andrew, St Peter, St Peter & St Paul and St Peter & St Paul.

Q.

Which local authority is responsible for Exton?

A.

Exton is located in South Kesteven District Council, Council Offices, St Peters Hill, Grantham, Lincolnshire, NG31 6PZ, contact: 01476 406 080

Q.

We are purchasing a £131000, what will be determined for stamp duty?

A.

Stamp Duty Land Tax is dependent on the property's value. On a £131000 property, stamp duty will be £1310.*

*Accurate as of July 2012

 
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