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Transfer of Equity in Henlow

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 Henlow

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 22/01/17

Living in the area? ;

The nearest airport to Henlow is Luton Airport. Cambridge City Airport is 24 miles away. Henlow's nearest train station is Arlesey.

Ernest Gardiner Day Letchworth is a nearby hospital.

Q.

How do we get a discount conveyancing quote in Henlow?

A.

Many firms offer so-called cheap conveyancing. Often extra charges will be included in the terms of engagement. Any costs found in your solicitor's terms should be reasonable. They come into force only if the conveyancer must complete work beyond standard conveyancing , which could not be anticipated at the start of the process.

Q.

Is zinc contamination regularly found in Henlow top-soil?

A.

There are wide-ranging regulations imposed to prevent future soil contamination. Land may also be contaminated by other sources, including trichloroethylene and groundwater contaminants like organic compounds.

Q.

Would you advise that we get a chancel search when you are purchasing next to parsonage land in Henlow?

A.

Property owners proximate to churches must contribute towards the cost of repairs, where chancel repair liability exists. After the passing of an Act in 2002, interest over any affected land in Henlow must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Henlow churches include St Mary's.

Q.

How can we determine Stamp Duty Land Tax rates, and how much should it be on a £1023000 home?

A.

SDLT will depend on a limited set of factors, primarily the value of the house. It will be £51150 on a £1023000 home.*

*Correct as of 01/01/2013

Q.

Would you advise making the effort to circumvent paying out for stamp duty to the Revenue?

A.

Homeward Legal do not recommend buyers risk any stamp duty mitigation. These schemes are highly expensive and often likely to fail. There have been several government initiatives, however, such as for first-time buyers.

Q.

Is Homeward Legal geared up for very fast completions on the conveyancing of auction properties in Henlow?

A.

Our team specialise in auctions and regularly handle the legal work for buyers and sellers at auction. It is a sensible decision buyers at auction to formally appoint a solicitors practice as soon as possible to allow time for a detailed investigation of the lot well before the property auction date.

Post day of the auction the lawyer is fully ready for completing the transaction in as short a time frame as required .

Q.

Will the property report prepared by the Henlow conveyancer advise us on the rates of council tax on a Band C building before exchange?

A.

A property lawyer will contact the Central Bedfordshire local council to reveal the applicable council tax rates, which will then be detailed in the conveyancer's title report. Up-to-date charges for properties in Henlow are set out in detail at the Central Bedfordshire local authority site. At the time of writing (04 March 2013) rates for all bands are:

  • Band A - £1,098.00
  • Band B - £1,281.00
  • Band C - £1,464.00
  • Band D - £1,647.00
  • Band E - £2,012.00
  • Band F - £2,378.00
  • Band G - £2,744.00
  • Band H - £3,293.00

Q.

What causes conveyancing for a purchase to take such a long time? Isn't it just filing paperwork?

A.

The legal work required to buy or sell a home will sometimes be subject to numerous interruptions or delays for a variety of reasons. The delays are beyond the solicitor's power, we, however, work hard to diminish the consequences of these delays wherever a difference can be made by pushing all parties involved. There are numerous reasons for delay, such as a slow firm acting for the lender.

 
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