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Transfer of Equity in Markfield

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 Markfield

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 13/01/17

Markfield attractions

Ulverscroft Nature Reserve National Trust Bradgate Newton Linford Country Park and Beacon Hill NW Woodhouse Eves Country Park are easily accessible from Markfield.

Markfield is roughly 1/2 mile of junction entry 22 Southbound of the M1.

East Midlands Airport is 10 miles from Markfield. Coventry Airport is 23 miles, and Tollerton Airport is 18 miles away. The nearest train station to Markfield is Barrow Upon Soar.

The closest hospital to Markfield is Coalville Community.

Q.

How do I get fixed rate conveyancing?

A.

Misleading conveyancing quotes catch out many home owners, leaving them to pay sometimes £100s more than planned, and many solicitors advertise cheap conveyancing, but extra fees will be included in small print that unknowing home owners have not reviewed Any costs which are listed in the terms needs to be reasonable. They be applicable solely where the conveyancer must complete unanticipated additional work in your interest, which could not be anticipated at the start of the process. Applicable disbursements must also be stated on the conveyancing quote based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Should we opt for a property solicitor often used by the agent?

A.

Many estate agents have arrangements with solicitors where they refer clients to them. These referrals should be compared to other online or local firms, as it may be the case that the agent recommends the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.

Q.

For fast conveyancing on the purchase of a £882,000 home, how could we speed up the process?

A.

Importantly, a fast transaction is key to instruct a proactive, diligent solicitor. When choosing a solicitor, you should ask yourself the following: Was there a delay delivering a quote? What methods of communication do they use? Posting documents can adds days of waiting to a purchase. Are they 'no move, no fee'? This can incentivise a faster transaction.

Q.

How do we work out stamp duty rates and how much will it be on a £919000 residence?

A.

The Stamp Duty you must pay is based on the purchase price. It is £36760 on a £919000 home (accurate March 2013).

Q.

How do I get out of paying stamp duty to HM Revenue?

A.

We do not recommend any stamp duty reduction scheme, because these schemes are expensive and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself.

Q.

What can a Markfield property lawyer advise if the property is within a conservation are in Hinckley and Bosworth council which has an un-consented dormer windows installed?

A.

The local authority searches carried out by your Markfield property lawyer during the legal process should find out the existence of the appropriate permission for changes to the building.Should no authority consents be produced, the solicitor will give you professional advice on the best alternative such as purchasing an indemnity insurance or seeking retrospective permission.

Q.

Would you advise that we get a chancel liability search? I am buying a maisonette close to church land in Markfield.

A.

The outcome of Aston Cantlow (PCC) v Wallbank reaffirmed that 'lay rectors' of property must cover the cost of church repairs. A chancel search will confirm whether liability for Markfield properties is likely to exist. A solicitor will be able to advise further. Markfield ecclesiastical properties include St Michael & All Angels.

Q.

Property conveyancing searches are conveyancing protocol but in light of recent climactic events such as the major flooding in Sept 2012 in the East Midlands are they the best way to determine sufficient information about the ever changing Markfield flood risk area?

A.

A qualified conveyancing solicitor in Markfield will suggest that you get flood risk searches if the first search identifies a significant risk Markfield flooding risk.

Sometimes home buyers to get in touch with a neighbour of the property for that additional confidence.

 
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