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Transfer of Equity in Melbourne

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 Melbourne

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Local travel information

Melbourne's closest station is Peartree. Melbourne's closest airport is East Midlands Airport (4 miles). Tollerton Airport is 16 miles away.

Aston Hall Aston on Trent is the neighbouring hospital.

Q.

We need discount conveyancing. What should be watch out for?

A.

Many solicitors claim to offer so-called cheap conveyancing, however extra charges may be added into the terms of engagement, left unregarded by busy buyers The quote should, in addition, define any disbursements to be paid. Any extra charges included in the small print should be clearly defined. They only be applied if the lawyer is required to complete unexpected extra work on your behalf, which could not be anticipated at the start of the process. The Homeward Legal quote calculator will confirm the solicitors' fees, based on the property you are buying.

Q.

How does a Melbourne property solicitor investigate the risk of a flood in the Melbourne region?

A.

A key part of the conveyancing protocol involves the lawyer conducting conveyancing and environmental searches that offer you detail with regard to risk of flooding in Melbourne.

Q.

How is stamp duty tax assessed and how much will it be on a £679000 Melbourne property?

A.

Stamp Duty Land Tax will depend on the home's price. Stamp duty will be £27160 on a £679000 residential property (accurate March 2013).

Q.

Halifax is going to be our mortgage lender, is there anything we need to consider?

A.

Buyers should consider that some lenders are now limiting the firms who can act for them, potentially creating greater legal costs for purchasers. Homeward Legal, however, can act for the majority of lenders to keep legal costs to a minimum.

Q.

What actual property will my Melbourne lawyer carry out when acting on a Melbourne flat?

A.

The normal legal procedure is to obtain Local Authority (personal or official), Drainage Search (Con29DW or personal), Environment Search and Lead and occasionally unique particular for instance Contaminated land Search.

Q.

My agent has put forward a solicitor . Is it advisable to use this firm?

A.

Both agents and mortgage brokers will suggest a conveyancer. These referrals need to be weighed up against alternatives, as there is a risk that an agent may choose the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.

Q.

As a result of the major flooding in Sept 2012 in the East Midlands we are questioning if environmental searches may not be sufficient?

A.

A competent conveyancing solicitor in Melbourne should get detailed conveyancing searches (environmental) if the environmental conveyancing searches identifies a significant risk of flooding in Melbourne

It could be worth trying to get in touch with a neighbour or local resident for that added local history if still concerned.

Q.

What will a Melbourne conveyancing solicitor do if the property we want to buy is located in a conservation area and has an un-consented PVC windows installed?

A.

Local authority enquiries conducted by your Melbourne property lawyer during the conveyancing process should identify whether the property is within a conservation area proof of the appropriate permissions for modifications will be required.

 
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