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Transfer of Equity in Leicestershire

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 Leicestershire

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/01/17

Leicestershire travel information and addresses ;

Leicestershire's closest station is Long Eaton at 4 miles. East Midlands Airport is 0 miles from Leicestershire. Tollerton Airport is 12 miles away.

Leicestershire is nearby at 1 1/2 mile off the M1 junction entry 23 Northbound.

Q.

Leicestershire attractions

A.

East Midlands Aero Park Aviation Museum and East Midlands Aero Park Aviation Museum are in Leicestershire.

The most convenient hospital to Leicestershire is Aston Hall Aston on Trent.

Q.

How do I find affordable conveyancing?

A.

This topic catches out many sellers and buyers, and can leave them paying far more in conveyancing fees than they budgeted, and many firms promote cheap conveyancing quotes. However additional charges are frequently hidden in the small print. Busy, stressed sellers and buyers ignore these terms at their peril. Any disbursements should be included on a Leicestershire conveyancing quote

Q.

We have found a growing number manuals about doing your own legal work e.g. leasehold Flats & Houses a supplement to Bradshaw's Guide to DIY House Buying, Selling & Conveyancing. Do I actually have to use property lawyer in Leicestershire ?

A.

Legally speaking there are no arguments why a buyer cant carry out the bulk of the legal work without assistance. That said, a solicitor in Leicestershire takes care of a long list of actions ranging from chasing mortgage offer and maintaining constant communication with agents many of which are more safely handled with appropriate training.

However solicitors are legally obligated to have insurance that protects you in the event of any losses you encounter.

Q.

Do your lawyers do the conveyancing of property auction properties in Leicestershire?

A.

Our CQS solicitors regularly take instructions from buyers at auction. Our highly qualified solicitors have in

the past acted for numerous bidders at regional residential property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Smart buyers know to formally instruct their chosen firm as early as possible so there is time for an investigation of the lot well in advance of the auction day.

Post auction day arrives your lawyer is wholly ready for finishing the purchase in a as tight time frame as required by the conditions of sale.

Q.

We are intending to purchase a residence in Great Wigston. Will it be necessary to get a chancel search?

A.

A solicitor may suggest a chancel search, regardless of the parish where the house being bought is located. In older areas of Leicestershire, chancel repair has the potential to be imposed on new owners of a house where Parochial Church Councils (PCCs) may have spared previous owners or tenants. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What actions can we take to defer paying stamp duty in Leicestershire?

A.

Stamp Duty Land Tax is usually due for purchases sold for more than 125,000 pounds. Homeward Legal do not advise buyers risk any form of stamp duty mitigation, as such schemes are highly expensive and unreliable.

Q.

What will the conveyancing searches in Leicestershire be?

A.

With a Homeward Legal conveyancing solicitor, a purchase conveyancing client charged no more than £249 for a standard bundle of searches. Searches are paid to a third party, and are not included in a solicitor's fees.

Q.

Are many purchasers in Leicestershire gazumped?

A.

Gazumping takes place when an offer is accepted, and then rejected, by the house seller, choosing instead a better offer. Though gazumping is uncommon when property prices are falling, there is still a risk. To reduce the likelihood of being gazumped, consider instructing your solicitor as soon as you can.

Q.

How do you determine SDLT, and what amount should we budget for a £448000 home?

A.

The Stamp Duty Land Tax payable is calculated with reference to the value of the home. On a £448000 house or flat, stamp duty will be £13440 (information accurate September 2012).

 
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