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Transfer of Equity in Kimberley

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 Kimberley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

Kimberley travel information

Kimberley is close at about 1m of junction entry 26 Southbound of the M1.

The closest airport to Kimberley is Tollerton, Nottingham City Airport. East Midlands Airport is 12 miles, Tollerton Airport is 9 miles and Gamston Airport is 24 miles away. Bulwell train station is almost 2 miles from Kimberley.

Highbury Nottingham is a nearby hospital.

Q.

How do we get a cheap solicitor in Kimberley for buying a residence?

A.

This affects many property buyers and sellers who opted for a very cheap quote, only to be stung later in the conveyancing process, and many conveyancers promote cheap conveyancing quotes. However additional costs are frequently hidden in the small print. Busy, stressed property buyers and sellers ignore these terms at their peril. Get a quote using the Homeward Legal quote calculator for the property you are buying.

Q.

To complete on our property purchase ASAP, how can we ensure fast legal work in Kimberley?

A.

Experienced buyers will tell you that instructing a proactive and experienced conveyancer is the key to a fast conveyancing transaction. There are a range of things you can also do to speed up the process. These include:

  • calling or emailing the conveyancer, and chase them if you suspect any delays
  • promptly answering your conveyancer's questions (by email if possible)
  • if you intend to get a house survey, doing so as early as you can

Q.

The local agent has named the solicitors firm which they often use. Must we use them?

Both agents and mortgage brokers will push a law firm. Such referrals must be compared with other local solicitors, or better-value firms found online, as an agent may decide to recommend the firm which pays to the largest referral fee, not the best solicitor for your needs.

Q.

Please advise how to get out of paying out for stamp duty on our Kimberley property?

A.

Stamp duty avoidance is not advised, as such schemes are often uneconomical and often likely to fail. There have been certain government initiatives, such as relief for buyers in 'disadvantaged areas'.

Q.

How do we determine stamp duty and how much do we need to budget for a £176000 Kimberley property?

A.

Stamp Duty will depend on the property's price. Stamp duty will be £1760 on a £176000 house (accurate March 2013).

Q.

Will the fixtures and fittings form list items like bathroom suites?

A.

Buyers in Kimberley will often be frustrated with the lack of formality over what fixtures and fittings are included with a property. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction, and which can make the clarification of any difference of opinion so important.

Q.

Bookshops now have collections of books all about do it yourself conveyancing such as Conveyancing Forms and Procedures by Annette Goss, Lorraine Richardson and Michael Taylor. Do I therefore need a Kimberley conveyancer ?

A.

Technically speaking there are no arguments at all why a home mover shouldn't undertake the legal process unaided.

However, a property solicitor takes care of a large number of actions such as interpreting replies to enquiries and checking replies to additional enquiries which require a qualified professional. Moreover legal practices are required by their regulator to have the applicable indemnity cover to insulate you from any professional oversights made by the lawyer.

Q.

How is Kimberley contaminated land checked?

A.

Residential property may be contaminated by a range of human activities, such as radioactive substances in the region or limestone or gypsum quarrying. An environmental search will give more detail.

 
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