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Transfer of Equity in Kenley

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 Kenley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/11/16

Living in the Kenley area? ;

Kenley's nearest station is Kenley and the nearest airport to Kenley is London Biggin Hill Airport. Heathrow Terminals 1 2 3 Airport is 19 miles, London City Airport is 14 miles, London Heliport Airport is 11 miles s, Heathrow Terminal 5 Airport is 20 miles, Gatwick South Terminal Airport is 12 miles, Gatwick North Terminal Airport is 12 miles, Heathrow Terminal 4 Airport is 18 miles, Northolt Jet Centre Airport is 21 mile s, Elstree Airport is 25 miles and away.

Q.

Kenley points of interest

A.

Shirley London Windmill and Croydon Airport Vistor Centre Aviation Museum are situated in Kenley.

The closest hospital for Kenley is Purley War Memorial.

Q.

How do I get affordable conveyancing?

A.

Many law firms offer cheap conveyancing, however additional fees will be included in the terms and conditions which unwary buyers fail to check. Any fees listed in the terms should be fair and clearly defined. They only apply to matters if your lawyer is required to complete unexpected extra work on your behalf, which could not be anticipated at the start of the process. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

Will you need a chancel search if we are buying close by a vicarage in Kenley?

A.

The outcome of a landmark case in 2003 reaffirmed that 'lay rectors' of property must fund church repairs. Liability has the potential to impact the value of a Kenley property, but an indemnity policy may be available to protect the new owners. Kenley ecclesiastical properties include All Saints and St John the Baptist.

Q.

Please state how to get out of paying stamp duty tax?

A.

We do not advise conveyancing clients get involved with any form of stamp duty reduction, as such schemes are often uneconomical and HMRC may challenge a scheme up to six years later meaning that the full stamp duty amount will then be due. There have been several official schemes, such as disadvantaged area relief.

Q.

Do fixtures and fittings include things like fitted gas or electric fires?

A.

Usually, fixtures are fixed elements, such as cupboards to the property, whereas fixtures can be more easily removed. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.

Q.

Flood risk searches may be all well and good but considering climate change such as the Met Office projecting more intense rainfall in the future are they sufficient to report sufficient information about the Kenley risk of flooding?

A.

The Kenley property lawyer will suggest that you also get conveyancing searches (Landmark search) if the initial search establishes a significant risk Kenley flooding risk.

You can always contact a next door neighbour to get further assurance.

Q.

We have found a growing number helpful guidebooks all about how to do DIY conveyancing e.g. How to Buy Your First Home (And How to Sell it Too). In which case, do I need to spend money on a Kenley lawyer ?

A.

There are no reasons why you shouldn't carry out the legal process unaided.

That said, a conveyancer is familiar with a large number of actions such as chasing any missing replies/clarifications to enquiries or interpreting management accounts some of which require a skilled professional.

In addition solicitors firms are compelled to get insurance to safeguard you in the event of any losses you encounter.

Q.

What would charges for our conveyancing searches come to?

A.

The cost of searches will vary considerably, and will be dependent on your lender's requirements. Searches are disbursements paid to a third party, and will not be included in a solicitor's fees.

Q.

We are purchasing a house in Clapham. Will we need a chancel search?

A.

A lawyer might recommend that a chancel search is taken out. Through some church councils have opted to impose chancel repairs on new owners of lay rectorships, there is no way to be certain that a parish which has not imposed liability will continue to be unaffected.

 
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