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Transfer of Equity in Market Bosworth

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 Market Bosworth.

Remortgage Solicitors Market Bosworth

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/11/16

Market Bosworth services information

Market Bosworth's nearest station is Shenstone. East Midlands Airport is 14 miles from Market Bosworth. Birmingham Airport is 19 miles, Coventry Airport is 18 miles, and Tollerton Airport is 25 miles away.

Hinckley & Bosworth Community hospital is relatively close to Market Bosworth.

Q.

How do we find low cost conveyancing?

A.

Several solicitors claim to offer cheap conveyancing, however additional costs may pad the final invoice. Any disbursements should be included on a quote Any extra fees which are listed in the solicitor's terms needs to be reasonable. The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Will a title report prepared by the lawyer in Market Bosworth detail the applicable rates of council tax on a Band C house prior to completion?

A.

A property solicitor will contact the relevant local authority to enquire about the relevant council tax band and rates, which will then be added to the conveyancing report on title. Correct charges for properties in Market Bosworth are published on the local authority site.

Q.

How can we establish whether a house is in a conservation area?

A.

Areas considered to be of historical or architectural value, like country house estates, may be recorded as conservation areas. These restrictions adds to upkeep costs, but the benefits include preservation of an area's historic charm.

Q.

What factors can contaminate land in Market Bosworth, and will they be comprehensively investigated?

A.

A range of contaminants could irreparably damage residential property in Market Bosworth, like sand or clay quarries. An environmental search will offer more detail.

Q.

Do you need searches for chancel liability? I am buying a Market Bosworth property near a church built in around the 17th Century.

A.

Owners of property neighbouring a church in the area must cover the cost of repairs, where chancel repair liability exists. Liability has the potential to impact the value of a Market Bosworth property, but an indemnity policy may be available to protect the new owners. Your conveyancing solicitor will suggest an appropriate indemnity policy to address chancel liability. Church of England properties in the local area include St Peter.

Q.

Is there something I can do to avoid paying out for stamp duty in Market Bosworth?

A.

Stamp duty scheme should not be considered. Such schemes are costly and HMRC may challenge a scheme up to six years later.

Q.

We have a found a freehold house to buy. How do we ensure fast legal work?

A.

Crucial to fast conveyancing is to instruct a communicative conveyancing solicitor. Beyond that, there are several things you can also do. These include:

  • completing all forms as soon as possible
  • organising your finances, including arranging a mortgage
  • keeping in regular contact with your conveyancing solicitor

Q.

Will we need a house survey?

A.

It is highly recommended that Market Bosworth buyers arrange a surveyor to carry out a survey. A range defects will impact a property, for example severe weathering, and issues such as these are not likely to be investigated as part of the conveyancing itself.

 
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