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Transfer of Equity in Hereford

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 Hereford

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Hereford 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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Conveyancing in Hereford Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Commuting to the Hereford area? ;

As calculated by the most recent census (2011) the population of Hereford 176,493 people spread over an area of 508,680 acres giving a density of population of 0.3 people per acre.

The nearest train station to Hereford is Hereford, around 1 mile away and the nearest airport to Hereford is Defford Airport (disused) Airport.

Hereford County is a relatively close hospital.

Q.

How do we get affordable conveyancing?

A.

Many solicitors advertise theoretically 'the cheapest conveyancing'. Often extra fees will be included in the terms of engagement. The disbursements to be paid ought to be defined on your quote Additional charges included in the terms should be clearly defined and only apply to matters if the conveyancer must perform additional tasks , which could not be anticipated at the start of the process. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

Which local authority looks after Hereford?

A.

Hereford is located in Herefordshire Council, Brockington, 35 Hafod Road, Hereford, Herefordshire, HR1 1SH, Call: 01432 260 001

Q.

Might it be an unrealistic idea to do the DIY conveyancing on our own.

A.

It is certainly possible for you to complete the legal process on your own. The truth is however that a conveyancing solicitor in Hereford carries out a huge number of exercises ranging from chasing lender for comments on issues raised and checking the lease most of which really need a qualified solicitor.

Despite that solicitors practices are under a duty to possess sufficient indemnity insurance to protect you from any professional errors.

Q.

We are buying on a recently-developed brownfield site. Could the soil be contaminated by industrial waste?

A.

Some metal contamination may have occurred throughout Hereford, but some very localised cases of contamination in Hereford may pose unacceptably high risk. Land may also be contaminated by other sources, including water contaminants such as sewage and organohalides.

Q.

In 1 month we are intending to move from our terraced building in Hereford into our next home in Alvechurch , what is the optimum stage to select a house removal firm?

A.

Most lawyers tend to suggest that home vendors wait until contracts have exchanged because generally a moving date will not have been formally agreed. Try Liveley Removals, 1 Oxford St, Hereford, HR4 0DP Phone: 01432 265834 or T C R Group, 1 Ranelagh St, Hereford, HR4 0DT Tel: 01432 272691.

Q.

We are purchasing a £423000. How is stamp duty calculated?

A.

SDLT will rely on the property's price. It will be £12690 on a £423000 house in Hereford.*

*This information correct as of January 2013

Q.

Which Hereford lender panels are you on?

A.

Most lenders in Hereford are on our Hereford solicitors' panel. Hereford lenders and mortgage specialists include Alliance, Fred Bulmer Centre/Wall St, Hereford, HR4 9HP, Principality Building Society, 2 St Peters Sq, Hereford, HR1 2PG, and Griffiths Guy, 4 Bullrush Clo, Hereford, HR1 2SU.

Q.

Would you advise taking action to get out of paying for stamp duty in Hereford?

A.

Stamp Duty Land Tax is due on residential property valued at over one hundred and twenty-five thousand pounds. We strongly advise against any stamp duty avoidance. These schemes are highly expensive and HMRC may challenge a scheme up to six years later. There have been a number of government-sponsored schemes, on the other hand, such as relief for buyers in 'disadvantaged areas'.

 
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