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Transfer of Equity in Market Drayton

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 Market Drayton

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Local area services information and addresses ;

Prees train station is about 9 miles from Market Drayton. The nearest airport to Market Drayton is Howarden Airport.

Whitchurch is a nearby hospital to Market Drayton.

Q.

How do we find low cost conveyancing?

A.

Various solicitors promote supposedly cheap conveyancing, but additional costs are often hiding in the terms of engagement that unknowing property buyers and sellers have not reviewed Any costs ought to be fair and clearly defined. They only apply in cases where the solicitor must perform additional tasks for you, which could not be anticipated at the start of the process. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

I am intending to buy a house. Should we have searches carried out?

A.

Searches are enquiries ordered by the purchaser's conveyancing solicitor via one of several specific authorities, and will only cover legal-related matters.

Q.

I am intending to buy a restored chapel in Dowles. Will a chancel search be necessary?

A.

The solicitor instructed to handle the transaction could recommend a chancel search, regardless of the parish where the home being bought is found. In older areas of Market Drayton, chancel repair has the potential to be imposed on the owners of a home where Parochial Church Councils (PCCs) have previously chosen not to do so. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

I am purchasing a £89000 Market Drayton residential property, how is stamp duty determined?

A.

The Stamp Duty Land Tax payable will rely on a limited set of factors, including the property's value. On a £89000 property, stamp duty will be £0.

Q.

Is contaminated land a problem for any properties in Market Drayton?

A.

Property in Market Drayton is contaminated by several naturally-occurring factors, such as nearby electrical substations. An environmental search can give more clarity. Longpools Farm, Marsh Lane, Shropshire, TF9 2TG is one such potential source of local contamination.

Q.

Would ordering a house survey be advisable when buying a property, irrespective of its condition?

A.

It is strongly suggested that purchasers in Market Drayton arrange an inspection. A wide range of problems can affect a property, including roof spread. Such issues will not be considered during the conveyancing work itself.

Q.

What is the council tax on a Thirties terraced Band H dwelling in Market Drayton?

A.

You will find the property's band in the report on title. The correct rates for properties in Market Drayton are listed on the Stafford council site. At the time of writing, 16 October 2012, the different rates are:

  • Band A - £960.00
  • Band B - £1,120.00
  • Band C - £1,280.00
  • Band D - £1,440.00
  • Band E - £1,760.00
  • Band F - £2,080.00
  • Band G - £2,400.00
  • Band H - £2,880.00

Q.

What amount of time can we plan for conveyancing to sell residential property take, on average?

A.

The amount of time required to transfer property will vary, according to a number of issues which can include whether it is a leasehold property being transferred. Our solicitors work hard to ensure your move is undertaken as quickly as possible.

 
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