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Transfer of Equity in Glenfield

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.

Get an instant quote for a transfer of equity in Glenfield.

Remortgage Solicitors Glenfield

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/01/17

Local Glenfield attractions

Leicester All Saints Churches Conservation Trust and National Space Centre Leicester are in the vicinity of Glenfield.

Glenfield is about a mile off the M1 junction entry 21a Southbound.

Glenfield's closest airport is East Midlands Airport (14 miles). Coventry Airport is 22 miles, and Tollerton Airport is 20 miles away. Glenfield's nearest train station is Leicester at 3 miles.

The closest hospital is Glenfield Leicester.

Q.

We need to find low cost conveyancing in Glenfield. What do we need to consider?

A.

Several solicitors advertise 'the cheapest conveyancing'. Often additional charges are often hiding in the solicitor's terms that unknowing homeowners have not reviewed Any additional costs listed in terms and conditions ought to be fair and only apply to matters if your conveyancer must complete additional work , which could not be anticipated at the start of the process. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

What length of time does it take our conveyancing solicitor to carry out all of the conveyancing work on a maisonette in a new build property we are intending to purchase?

A.

The conveyancing process can take anywhere from 3 weeks and 12 weeks, based on a number of issues for example the speed of the vendors lawyer, or contentious issues that may arise.

Q.

Is gazumping accepted in Glenfield?

A.

Gazumping occurs when an offer is accepted, and then rejected, by the property owner, choosing instead a better offer. Although gazumping is less common in a declining market, there will always be a risk. Instructing a fast, efficient solicitor as soon as possible to handle your transaction should help to reduce the likelihood of gazumping.

Q.

Property conveyancing searches are estimated from archived records and when you consider recent weather changes e g the widespread flooding in Sept 2012 in the East Midlands are they actually good enough to determine enough about the Glenfield flood risk area?

A.

A diligent Glenfield property solicitor will advise you to get specialist conveyancing and environmental searches if the environmental search spots a significant risk the local Glenfield flood risk

Property purchasers sometimes contact a next door neighbour for that more assurance.

Q.

The property in Glenfield being bought is on a ex-industrial use land. Is the soil likely to remain contaminated?

A.

Legislation exists to control pollution, waste, water and chemical contamination. Also considering issues such as herbicides, contaminants affecting Glenfield property will be factored into an environmental search.

Q.

Might the costs for our conveyancing cover any extra charges?

A.

Our solicitors never charge any hidden costs to buy or sell a home in Glenfield. Some solicitors only estimate conveyancing costs. The bill you receive on completion can be much greater.

Q.

Bank of Ireland is our mortgage lender, is there anything I need to consider?

A.

When buying with a mortgage, legal work must be undertaken in relation to the mortgage. Purchasers should consider that, in some cases, lenders have limited the firms who can act for them, resulting in greater conveyancing costs for buyers if their solicitor is unable to act both on their behalf, and for their lender. Homeward Legal will act on behalf of many mortgage lenders to ensure that you will not need to pay legal fees for your lender's solicitor.

Q.

For fast legal work on the purchase of a £807k house, how could we speed up the process?

A.

Crucial to buying faster is to use a communicative property lawyer. When choosing a property lawyer, you should ask yourself the following: Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed. Do they work on a 'no sale, no fee' basis? Did you experience any delays when requesting a quote?

 
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