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Transfer of Equity in Leicester

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 Leicester.

Remortgage Solicitors Leicester

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 22/01/17

Regional information for the city of Leicester:

According to the latest census statistics, Leicester's residential population is 985, 795 people who live in an area of 581, 165 acres. This gives a rough density calculation of 1.7 people per acre. This is a very sparse number, meaning there is a lot of land compared with how few people live in Leicester, despite its city status.

Leicester's closest train station is called ‘Leicester’, in the centre of the city, and the local airport is East Midlands Airport, about 15 miles from Leicester. A little further afield is Coventry Airport at 23 miles, and Tollerton Airport at 20 miles away from Leicester.

Q.

Local Leicester attractions

A.

Leicester All Saints Churches Conservation Trust and National Space Centre Leicester are situated in Leicester.

The nearest hospital for Leicester is Leicester Royal Infirmary.

Q.

Although there are lots of £99 fixed quotes online how do we find a reputable one? I need to find a fixed rate conveyancing quote.

A.

Various firms purport to offer cheap conveyancing. Often additional costs will be included in the terms of engagement. Any disbursements to be paid must also be stated on the quote based on the property you intend to buy our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

I am buying in Leicester, and have had a quote from you. Are there any extra costs?

A.

Homeward Legal do not charge any additional charges for conveyancing in Leicester. Know that some firms only provide estimates disguised as quotes. The bill you receive on completion can be much greater.

Q.

Should I select the solicitors firm named by our local agent?

Both agents and mortgage brokers will often refer a solicitors firm. Such referrals must be carefully considered, as the agent may prefer to suggest the solicitor willing to pay the highest referral fee, not the most appropriate choice.

Q.

Will we have to pay for Stamp Duty Land Tax on our Leicester home?

A.

Stamp Duty Land Tax has to be paid for any property valued at over £125,000. The amount will be based on the value of your property, going up in bands, which can be seen on the HMRC website. While HMRC previously offered buyer tax relief schemes, these were ended in 2013.

Q.

Is vanadium soil contamination an issue in Leicester?

A.

Steps are taken across Leicester and the surrounding region to identify any existing soil contamination. An Environmental Search will factor contaminants in, including metals and others such as chlorinated solvents and water contaminants such as bleach. This information will help you to make an informed decision on the purchase of your property.

Q.

Would getting a survey be necessary when buying a property in Leicester?

A.

Homeward Legal recommend that home buyers arrange a property survey. Buyers should be aware that there are a range of problems that have a negative impact on a property, such as dry rot and subsidence, which your solicitor will be unable to address. This is why we suggest booking a comprehensive survey with a company like Surveyor Local.

Q.

How much will my property searches be?

Your property searches will depend on the area your property is located in. For example, areas where previous industry was present will require extra search reports like mining, which will increase the price slightly.

In general, conveyancing searches are called ‘disbursements’ on your quote – which you can get here – your quote will tell you how much your conveyancing searches will cost exactly, and this price will stay the same due to our fixed fee guarantee.

Learn about conveyancing searches in our helpful blog post.

Q.

If you are buying close by a church in Leicester, do you need to get a Chancel Liability Search?

A.

Chancel liability repair costs can run into thousands of pounds and more if you don’t have appropriate indemnity insurance. Your solicitor will be able to enquire as to whether you need indemnity insurance to help you avoid the potentially high costs of chancel repairs. If you would like further information, get in touch and one of our helpful team will explain everything to you.

 
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