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Transfer of Equity in Martlesham

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 Martlesham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Regional information and addresses ;

Martlesham's closest station is Woodbridge at 2 miles. Martlesham's closest airport is Elmsett, Whatfield Rd Airport (13 miles). Clacton Airport is 22 miles and Elmsett Airport is 13 miles away.

Kesgrave Day Ipswich is the neighbouring hospital to Martlesham.

Q.

I need to find the cheapest conveyancing solicitors. What are the risks?

A.

Many online and high street property lawyers offer supposedly cheap conveyancing quotes, but extra charges are frequently hidden in the terms that unknowing home owners have not reviewed Extras needs to be reasonable. A quote should also clearly state any disbursements.

Q.

What kind of searches in respect to the potential risk of local flooding around Suffolk will a conveyancing solicitor in Martlesham be able to apply for?

A.

A key component in the conveyancing process involves a lawyer making an application for property environmental searches that give details with respect to Martlesham flood risk area data. In certain cases your conveyancing solicitor in Martlesham could possibly propose a more detailed (e.g. Homcheck) detailed flood risk search.

Q.

DIY conveyancing without a Martlesham property lawyer is becoming possible as a buyer of a home. However, would it actually be practical ?

A.

There are no arguments why you cant conceivably do the legal and technical work without a qualified Martlesham solicitor. That said, a property lawyer in Martlesham is familiar with

a large number of assignments ranging from chasing outstanding papers or notifying the Land Registry of new charges most of which require training.

Q.

We are buying in Martlesham on a newly development ex-industrial use land. What should we do regarding caesium topsoil contamination?

A.

Martlesham and the surrounding region has a legacy of chemical contamination. The local authority for Martlesham will be able to provide more detail on cases of contamination.

Q.

Do you advise that we get searches for chancel liability? We are buying in Martlesham.

A.

Where land in Martlesham was once owned by a lay-rector, new owners of that property may be obliged to pay for repairs to older church buildings. Some names or words such as 'glebe' give an indication of a property's history, and thus whether chancel liability may apply. Church lands in Martlesham include St Mary the Virgin.

Q.

Where do I discover more info about the Martlesham conservation areas?

A.

English Heritage, a government body, have assembled a detailed list on the state of conservation areas as well as the vulnerability of the area. Local Martlesham conservation area matters including whether trees can be cut down, coloured road surfaces or vacant buildings are handled by the local Suffolk Coastal planning authority.

Q.

We are planning to buy a newly-constructed home, should we have searches performed?

A.

Searches are an accepted set of queries requested by the buyer's solicitor with local and national authorities. Searches refer specifically to issues and defects relating to the property's legal title.

Q.

How do we avoid paying stamp duty?

A.

Stamp duty is payable for homes over £125,000. We strongly advise against any stamp duty avoidance, as such schemes are often uneconomical and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself.

 
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