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Transfer of Equity in Great Barr

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 Great Barr

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/12/16

Commuting from Great Barr? ;

Commuters are well served with Great Barr having very convenient road access very close at 1/2 mile off the M6 Junction 7 Northbound.

The nearest airport to Great Barr is Birmingham Airport (11 miles s). Coventry Airport is 23 miles and Wolverhampton Business Airport Airport is 15 miles away. Great Barr's closest station is Hamstead.

Heath Lane West Bromwich is the most convenient hospital to Great Barr.

Q.

Although there are lots of £99 fixed quotes online, how do we find a reputable one? I need to find a fixed rate conveyancing estimate.

A.

Many property buyers and sellers seeking discount conveyancing are caught out by the lure of very low conveyancing rates. Many law firms claim to offer 'the cheapest conveyancing quotes'. Unfortunately extra costs may be added into the terms of engagement. Our quotes are not estimates, stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

If Great Barr land is found to be contaminated, can the soil be remediated?

A.

A degree of remediation is often feasible, local government is usually responsible, and a local specialist like Gills Turf & Topsoil, 231-233 Newton Rd, Great Barr, Birmingham, B43 6HN may be able to provide more details.

Q.

How long should it take our assigned lawyer to handle all of the conveyancing work on a detached period building?

The process can take anywhere from 3 weeks and 12 weeks dependent on a number of issues, like the speed of the seller's property solicitor, or re-negotiations following a survey.

Q.

Can you advise how to bypass paying stamp duty?

A.

We firmly advise against any form of stamp duty avoidance, 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. There have been a range of government-sponsored schemes, such as relief for buyers in 'disadvantaged areas'. Your solicitor will advise as to your eligibility.

Q.

In relation to the widespread flooding last year in the Midlands we are asking if environmental searches aren't thorough enough?

A.

Flood searches carried out by your Great Barr property solicitor should include the far more detailed search (Landmark) if the risk is deemed significant.

Property purchasers sometimes also speak to a close neighbour to get further confidence.

Q.

What kind of flood plain searches about the risk of local flooding in Birmingham and the Black Country will a Great Barr conveyancing solicitor do?

A.

An important component in the legal due diligence procedure involves a lawyer applying for property environmental searches that provide certain details with regard to risk of flooding in Great Barr.

Q.

Is a property survey necessary when purchasing a property?

A.

It is strongly advised that all purchasers instruct a house surveyor to undertake a survey if you are planning to buy in Great Barr. There are a wide range of defects which will impact a property, that a solicitor will be unable to address, for example wet rot.

Q.

Of large Great Barr lenders, who is on your panel?

A.

The Homeward Legal partnership can work beside many lenders. A number of mortgage specialists operate in Great Barr, including Personal Touch, 70 Coronation Rd, Great Barr, Birmingham, B43 7AX.

 
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