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Transfer of Equity in Holborn

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 Holborn.

Remortgage Solicitors Holborn

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Holborn 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
Process Explained


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Conveyancing in Holborn Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Holborn attractions

Brixton London Windmill, Holborn Lincolns Inn Great Hall Historic Building and Temple Middle Temple Hall Historic Buildingare all around Holborn.

Drivers are well catered for with Holborn having excellent road access within 2m of the A40M.

Holborn's closest airport is London City Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 5 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 13 miles and London Biggin Hill Airport is 15 miles away. The nearest station to Holborn is Farringdon, around 1 mile away.

The most convenient hospital is Royal London Homeopathic.

Q.

We are trying to find a law firm that offers cheap conveyancing. and what is included?

A.

Many online and high street solicitors promote theoretically cheap conveyancing. However extra fees will be included in the terms. Excited homeowners, eager to get underway, often ignore this small print when they instruct. Charges needs to be fair and reasonable and only come into force where the solicitor is required to complete unexpected extra work on your behalf, which could not be anticipated at the start of the process.

Q.

The property being bought is on a brownfield site. Seemingly cobalt soil contamination may be an issue.

A.

With this region's industrial history in parts of Holborn, top-soil contamination is inescapable. Metal contamination of top-soil in Holborn is more likely to occur near landfill sites. Data on other contaminants, like radioactive waste and water contaminants such as landfill leachate, will also be included in an environmental search.

Q.

Can we avoid paying stamp duty?

A.

Stamp Duty Land Tax is usually payable for property purchases valued at over 125,000 pounds. Homeward Legal strongly advise against any form of stamp duty reduction scheme, because these schemes are costly and unreliable.

Q.

Our agent has named the property solicitor. Should we instruct this firm?

A.

It is common for estate agents to recommend one or more conveyancing firms. Such referrals must be carefully considered, as the agent may recommend the firm which pays to the largest referral fee, not a firm with local expertise and a solid reputation.

Q.

How frequent is gazumping?

A.

Gazumping occurs when an offer is, following agreement, later rejected by the seller, opting instead for another buyer's higher offer. Though gazumping is uncommon when property prices are falling, there is still a risk. The first step in reducing the chance that gazumping will effect you is to instruct an efficient solicitor early.

Q.

For the purchase, my mortgage lender, we have chosen Accord Mortgages Ltd, what will we need to consider?

A.

Buyers in Holborn should consider that some lenders have reduced the number of firms able to act for them. Homeward Legal will act for the majority of UK mortgage lenders.

Q.

How much will the fee for our searches come to?

A.

Searches range in cost, depending on the searches required. Searches are disbursements, and will not be included in the quoted conveyancing fees.

Q.

What factors assist with arranging a fast exchange and completion?

A.

As is often argued, a fast transaction is the key to instruct a proactive property lawyer. Consider the following when selecting:

  • Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed.
  • Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed.
  • Did you experience any delays when requesting a quote?

 
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