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Transfer of Equity in Lingfield

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 Lingfield.

Remortgage Solicitors Lingfield

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Local area travel information and addresses ;

The nearest airport to Lingfield is Gatwick South Terminal Airport (6 miles). London City Airport is 23 miles, London Heliport Airport is 22 miles, Gatwick North Terminal Airport is 7 miles and London Biggin Hill Airport is 11 miles away. Lingfield train station is about 1 mile from Lingfield.

McIndoe Surgical Centre is the most convenient hospital for Lingfield.

Q.

How do we find affordable conveyancing in Lingfield?

A.

Lack of clarity over this issue catches out many buyers, and can leave them paying far more in conveyancing fees than they budgeted, and many conveyancers claim to offer 'the cheapest conveyancing quotes'. Often extra costs are frequently hidden in the terms of engagement. Additional charges included in terms and conditions ought to be fair. Your conveyancing quote ought to define any disbursements.We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

My lender is Scottish Building Society - is there anything we need to be aware of?

A.

Until recently, most conveyancing solicitors were able to undertake legal work for a lender. Buyers should know that some lenders have reduced their 'solicitor panel', which may result in higher legal costs for buyers. Homeward Legal are able to act for the majority of CML-approved lenders.

Q.

Is contaminated land in Lingfield an issue for the majority of houses?

A.

Several contaminants caused by natural causes can quickly spoil property in Lingfield, like brine works or potentially contaminative use of nearby land. An environmental search can give more clarity.

Q.

Which factors help with ensuring fast conveyancing?

A.

Crucial to a fast transaction is to use a proactive, diligent solicitor. There are a number of tasks you, as the buyer, can also do. These include:

  • requesting regular updates from your solicitor and keep the pressure on
  • answering any queries raised by the solicitor as soon as possible
  • organising your finances, including arranging a mortgage

Q.

What precautions can I take to get out of paying for stamp duty to HM Revenue?

A.

Stamp duty mitigation should not be considered when purchasing in Lingfield, as such schemes are costly and HMRC may challenge a scheme up to six years later.

Q.

Our purchase is completing in September. How is Stamp Duty Land Tax worked out?

A.

Stamp Duty will depend on the valuation. It will be £27000 on a £675000 residential property in Lingfield.

Q.

Is chromium often found in Lingfield top-soil?

A.

Lingfield's local area has a history of contamination from industrial or agricultural, like much of the UK. Data on many contaminants, such as ammonia, will be included in an environmental search.

Q.

When in the conveyancing process do you need to find a conveyancer in Lingfield?

A.

If you choose a conveyancing firm with 'no move, no fee' protection, as soon as possible. Prompt instruction of a firm to act for you on your Lingfield transaction can reduce any chance of the sale or purchase aborting.

 
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