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Transfer of Equity in Loughborough

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 Loughborough

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Loughborough clients every week.

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Conveyancing in Loughborough Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Loughborough information

The nearest airport to Loughborough is East Midlands Airport. Tollerton Airport is 12 miles away. Loughborough's nearest station is Loughborough at 1 mile s.

Loughborough is about three miles of junction entry 23 Northbound of the M1.

Q.

Loughborough attractions

A.

Charnwood Museum Aviation Museum and Beacon Hill NW Woodhouse Eves Country Park are close to Loughborough.

The most convenient hospital is Loughborough.

Q.

I need to find a low cost conveyancing estimate, we are on a tight budget.

A.

This topic catches out many buyers and sellers, and can leave them paying far more in fees than they budgeted, and many solicitors offer cheap conveyancing quotes. Often extra charges are frequently hidden in small print which buyers and sellers may have not read carefully Additional fees needs to be clearly defined. Any disbursements should also be included on any quote for conveyancing in LoughboroughOur quotes are not estimates, stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

I am purchasing a 1930s investment flat in a conservation area in Loughborough. Where can I find more details on the state of upkeep?

A.

English Heritage, a government body, administer details about the condition of conservation areas along with the vulnerability. Local conservation areas are created by the local Charnwood planning authority, who maintain things like private spaces to the blockage of poorly maintained roads.

Q.

For a fast conveyancing process to buy a £564,000 property, what can we do to speed up our move?

A.

Contacting a proactive, diligent conveyancing solicitor is crucial to buying faster. When choosing a conveyancing solicitor, ask yourself the following: Did you experience any delays when requesting a quote? Do they use email? Do they order searches immediately?

Q.

When I am buying on the same road as a 13th Century priory in Loughborough, do we need to get a chancel search?

A.

In Loughborough, where land was once owned by a lay rectors, new owners of that property may be obliged to contribute towards the cost of repairs to church property in the locality. Parochial Church Councils in Loughborough must register their interest over property by October 2013, simplifying the chancel search process. Church of England properties in the local area include All Saints, Emmanuel, Nanpantan St Mary-in-Charnwood and St Peter.

Q.

Our estate agent has named the conveyancing. Do we need to use this firm?

A.

An agent can influence a solicitor they refer a large number of clients to, and can therefore to reduce delays in the conveyancing process. Such referrals should be considered carefully, as an agent may select the solicitor willing to pay the highest referral fee, not a firm with local expertise and a solid reputation.

Q.

If we are intending to buy in the parish of Frisby on the Wreak, will we need a chancel search?

A.

A Loughborough conveyancing solicitor might recommend a chancel search, irrespective of the parish in which the home being purchased is found. Although some Parochial Church Councils have chosen to exact chancel repairs on the current owners of affected property, it is not possible to be certain that a parish which has not imposed liability will not be so in future. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

In 1 month we are going to move from our detached residence just outside Loughborough into a house in Leicester , at what point to instruct a removal company?

A.

Most property lawyers tend to suggest that sellers put off organising removals until the point where formal exchange of contracts because generally an actual move date will not have been set. For a local company Charnwood Removals, 14 Thomas St, Loughborough, LE11 1SH on 01509 267315 or Merry Go Round, 117 Derby Rd, Loughborough, LE11 5AE Phone: 01509 213558.

Q.

I am purchasing a £917000, what should be worked out for stamp duty tax?

A.

Stamp Duty is based on the purchase price. For a house or flat valued at £917000, stamp duty will be £36680.*

*This information correct as of January 2013

 
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