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Transfer of Equity in Leeds

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 Leeds

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Leeds local information:

The UK census for Leeds states that the city has a residential population of 774, 180 covering an area of 225, 495 acres. This gives an approximate density of 3.4 people per acre, which is a fairly low number when compared to other large cities in the UK.

There is an airport in Leeds - the Leeds Bradford Airport, which offers domestic and international flights.

The nearest Leeds train station is under a mile from the main district of the city.

Leeds General Infirmary is said to be the most convenient hospital for any residents of Leeds and you will find the city’s main A&E department here.

Q.

How do I get the cheapest conveyancing solicitors?

A.

Many firms advertise supposedly 'the cheapest conveyancing' but extra charges can pad the solicitor's invoice. Third party costs termed disbursements to be paid ought to be defined on a Leeds conveyancing quote. We provide quotes not estimates and clearly state the fees for a standard conveyancing.

Q.

Is the HS2 line going to impact Warwick District property?

A.

Yes. HS2 is likely to be an issue in property in Kenilworth's local authority. An HS2 search can bring peace of mind to property purchasers which may be affected by the line.

Q.

Of the main Leeds mortgage lenders, which firms are on your panel?

A.

Homeward Legal have solicitors with experience working beside many lenders listed with the Council of Mortgage Lenders. A number of mortgage specialists operate in Leeds, such as Allied Irish Bank (GB), Goodbard House/15 Infirmary St, Leeds, LS1 2JS, Co-operative Bank PLC, Pennine House/Russell St, Leeds, LS1 5RN, and Co-operative Bank PLC, 41 Vicar La, Leeds, LS1 6DS.

Q.

Do conveyancing searches come under solicitor fees or disbursements?

A.

Comparing conveyancing quotes is not always easy, considering differences in terminology. Most of the time, conveyancing searches will be listed under disbursements not fees, and these are passed on at cost value (without mark-up).

Find out more about conveyancing searches here, or about what a standard conveyancing bill should look like here.

Q.

Will a building in Leeds be eligible for Stamp Duty relief?

A.

Disadvantaged areas in Leeds are no longer able to receive a Stamp Duty tax relief as of 2013. If your Leeds property is worth more than £125,000 at minimum, you will need to factor in Stamp Duty costs.

Q.

Should we get a Chancel Search for purchasing a property near church land in Leeds?

A.

Property owners neighbouring local churches must cover the cost of repairs, where chancel repair liability exists. Owners who have bought property before 2003 may be totally unaware that a liability exists if a Chancel Search was not carried out. Your conveyancing solicitor will suggest an appropriate indemnity policy to cover chancel liability. Leeds Church of England properties include Gipton Church of the Epiphany, St. Paul's Church, Ireland Wood and Tinshill, Moor Grange St Andrew and St Bartholomew, Armley.

Q.

May the legal fees include any extra costs?

A.

No. Homeward Legal do not hide any hidden extra fees regardless of circumstances. Some conveyancers give 'quotes' which are in fact estimates. The final bill you receive may be much more.

Q.

Is gazumping accepted in Leeds?

A.

Gazumping describes circumstances where a home owner accepts an offer, then rejects it, choosing instead a better offer. There is almost always a chance of being gazumped. Instructing a fast, efficient solicitor as soon as possible is a key first step to reducing this risk.

 
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