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Transfer of Equity in Hitchin

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 Hitchin

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 12/01/17

Living in Hitchin? ;

Hitchin's nearest train station is Hitchin at 1 mile s. Hitchin's nearest airport is Luton Airport. Elstree Airport is 21 mile and Stansted Airport is 24 miles away.

Pinehill Hitchin is a nearby hospital for Hitchin.

Q.

We are trying to find a discount conveyancing quote in Hitchin. as we are on a budget.

A.

The confusion over this point catches out many property buyers and sellers, and can leave them paying far more in fees than they budgeted. Many law firms promote theoretically cheap conveyancing quotes, but extra costs are frequently hidden in the solicitor's terms. Your Hitchin conveyancing quote should state any disbursements to be paid.

Q.

Are costs for obtaining copies of planning permission fees or disbursements?

A.

Every disbursement and fee should be identified on a quote for your conveyancing, with no additional charges of any kind in the terms and conditions. These costs are fees not disbursements. It should be included in your conveyancing quote.

Q.

We are buying on a Hitchin former industrial site. It appears to be the case that mercury top-soil contamination may be an issue.

A.

Soil contamination by industrial waste, including metals, will have occurred in parts of Hitchin. Land may also be contaminated by other sources, including ammonia.

Q.

What will contaminate land in Hitchin. Will they be thoroughly investigated?

A.

Property in Hitchin may be contaminated by a broad range of factors caused by man and by nature, and an environmental search should clarify to what extent a specific property can be impacted by contaminants in the region such as hazardous and regulated installations. Contamination in Hitchin can be caused by local waste sites, such as Vicars Grove Pit, Vicars Grove Pit, Hertfordshire, SG4 7HZ.

Q.

Which local authority looks after Hitchin?

A.

Hitchin is located in North Hertfordshire District Council, Council Offices, Gernon Road, Letchworth, Hertfordshire, SG6 3JF, phone: 01462 474 000

Q.

Would you confirm taking precautions to avoid paying HMRC stamp duty?

A.

We firmly advise against any stamp duty mitigation scheme. Such schemes are expensive and HMRC may challenge a scheme up to six years later meaning that the full stamp duty amount, interest and additional fines will be imposed.

Q.

In a few weeks I am hoping to move out of our terraced building in Hitchin to a newer abode in Hertford . What is the best point to instruct a home removal company?

A.

We would usually recommend that home buyers and sellers wait arranging removals until the point where exchange of contracts because a final date will not have been agreed. For a local Hertfordshire company Allens, 63 Hermitage Road, Hitchin, SG5 1DB Telephone: 01462 617033 or A Waters & Sons, 47 Bury Mead Road, Hitchin, SG5 1RT on 01462 452777.

Q.

How is stamp duty calculated and how much should it be on a £371k residential property?

A.

The Stamp Duty rate you will owe is based on the purchase price of the property. For a home purchased for £371k, SDLT is £11130 (source: www.hmrc.gov.uk, May 2012).

 
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