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Transfer of Equity in Maidenbower

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 Maidenbower.

Remortgage Solicitors Maidenbower

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Local points of interest in Maidenbower

Lowfield Heath Surrey Windmill, Crawley Buchan CP Country Park and Skyview Aviation Museum are close to Maidenbower.

Maidenbower is close at within 1m of the M23 junction entry 10 Northbound.

Maidenbower's nearest station is Three Bridges at 1 mile s. Maidenbower's closest airport is Gatwick South Terminal Airport (4 miles). Gatwick North Terminal Airport is 4 miles, Shoreham Airport is 20 miles and London Biggin Hill Airport is 18 miles away.

The most convenient hospital to Maidenbower is Crawley.

Q.

How do we get the best conveyancing rates in Maidenbower for a £605k house?

A.

Confusion over this issue catches out many buyers and sellers, and can leave them paying far more in fees than they budgeted, and many property lawyers promote 'the cheapest conveyancing'. Unfortunately additional charges are frequently hidden in the terms and conditions. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

As a consequence of the serious water flooding in Worthing we are worried that environmental searches may not be sufficient?

A.

A thorough solicitor in Maidenbower should carry out property conveyancing searches if the enviro searches spots a any kind of Maidenbower flood risk.

For greater area background it could be worth trying to get in touch with a local resident.

Q.

Is a property survey required when we are purchasing a house in Maidenbower?

A.

It is strongly suggested that all buyers book a property surveyor to undertake a survey. Buyers should be aware that there are a wide range of problems which have a negative impact on a property, that a solicitor will be unable to address, including roof spread.

Q.

Can you confirm which Maidenbower lenders you work with. Whose panels are your solicitors members of?

A.

Of lenders with offices around Maidenbower, we with the bulk of them. Lenders and mortgage specialists in Maidenbower include Prosper Mortgages Ltd, 222 Holtye Rd, East Grinstead, RH19 3EY, Lifescape Mortgage Solutions Ltd, 23 Hillary Close, East Grinstead, RH19 3XQ, and Kingswood Law, Felcourt Rd, Felcourt, East Grinstead, RH19 2RR.

Q.

When I am purchasing in Maidenbower near a church built in the 1700s, do you need to get a chancel search?

A.

As a result of chancel repair liability, the owners of property in Maidenbower which was once owned by a 'lay rectors' can be liable for maintenance of a local church. Liability has the potential to impact the value of a Maidenbower property, but an indemnity policy may be available to protect the new owners. Your solicitor will suggest an appropriate indemnity policy to address chancel liability.

Q.

Prudential Banking is our lender, what do I need to check?

A.

Traditionally, almost all conveyancing solicitors could act for the large mortgage lenders. Some lenders are now reducing their 'solicitor panel', which may result in increased conveyancing costs for buyers. We can act for many CML-approved lenders, ensuring that an additional preferred solicitor will not be required to act for your lender.

Q.

Is there anything we are supposed to do to make our Maidenbower conveyancing faster?

A.

Essential to fast conveyancing is to use a communicative conveyancing solicitor. There are, however, several tasks you as the purchaser could do. These include:

  • answering any queries raised by your conveyancing solicitor as soon as possible
  • organising your finances
  • requesting status updates from the conveyancing solicitor regularly

Q.

I am purchasing a £1009000 Maidenbower residential property, how is stamp duty calculated?

A.

Stamp Duty will rely on the property's value. For a property purchased for £1009000, the SDLT rate is £50450 (accurate March 2013).

 
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