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Transfer of Equity in Margate

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 Margate

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

Local information

The closest train station to Margate is Margate, approximately 1 mile away and the closest airport to Margate is Manston, Kent International Airport.

The neighbouring hospital for Margate is Margate, Queen Elizabeth Queen Mother.

Q.

We need a cheap Margate solicitor to purchase a new build house. What are the risks?

A.

Both high-street and online property lawyers promote cheap conveyancing quotes. However additional costs are often hiding in the terms and conditions that unknowing buyers have not reviewed The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

How many weeks may conveyancing legal work require, on average? If it matters, we are purchasing a house in Margate.

A.

The time needed to transact a home is not wholly predictable. This is influenced by a number of legal considerations which may include whether either party has a mortgage. The national average is 8 to 12 weeks, whereas Homeward Legal deliver results within six weeks, if possible.

Q.

Which actual property conveyancing searches will my solicitor in Margate get for a Margate flat?

A.

Normal procedure is to get the following Local Authority (personal or official), Drainage and Water Search, Environmental and Coal Mining Search and perhaps area-specific searches for instance Official Search of whole without priority.

Q.

Will the home's fixtures and fittings include central heating systems?

A.

In the main, fixtures are fixed items, such as the boiler to floors, walls and ceilings and fixtures are easier to detach or remove. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction, and which makes the completion of a fixtures and fittings form essential.

Q.

If we plan to purchase in the parish of Fordwich, should we get a chancel search?

A.

The solicitor may suggest that a chancel search be taken out. Although some Parochial Church Councils (PCCs) have decided to impose chancel repairs on the current owners of affected property, it cannot be guaranteed that a parish where dues have not recently been paid will continue to be unaffected.

Q.

Are there many buyers in Margate gazumped?

A.

Gazumping happens when a property owner acknowledges an offer and then refuses it in favour of a greater offer. Gazumping could occur even months into a transaction. Although gazumping is less common in a declining market, there will always be a chance. The first step in reducing the chance that gazumping will effect you is to instruct an efficient solicitor as early as possible.

Q.

When is it wise to find a conveyancing solicitor to act on our purchase?

A.

Whether you are buying or selling in Margate, the faster you instruct the better, as conveyancing involves various tasks that can be carried out very early in the process. Some authors suggest holding off instruction until an offer is accepted, but delays can risk the other side pulling out, particularly in uncertain market conditions.

Q.

Is contaminated land a problem for any residential properties in Margate?

A.

Margate property will be contaminated by many natural and human-influenced issues, and an environmental search will reveal the extent to which a house may be affected by Margate contaminants such as air pollution or sand or gravel pits.

 
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