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Transfer of Equity in Merton

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 Merton

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Local travel information

Motorists are well served with Merton situated with very good major road access about 2m of the A40M.

The nearest train station to Merton is Charing Cross. The nearest airport to Merton is London City Airport. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 14 miles and London Biggin Hill Airport is 14 miles away.

Q.

Merton points of interest

A.

Brixton London Windmill, London National Portrait Gallery Art Gallery and Temple Middle Temple Hall Historic Building are situated in Merton.

The nearest hospital to Merton is Royal London Homeopathic.

Q.

Can you confirm your cheapest fee for a £772k property? We need to find affordable conveyancing.

A.

Many online and high street solicitors claim to offer supposedly 'the cheapest conveyancing quotes'. Unfortunately additional fees are often hiding in the small print. Third party costs, termed disbursements, to be paid should be included on a quote. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

How could the conveyancing process in Merton take weeks to complete? Isn't it just filing paperwork?

A.

The conveyancing process may take more time. Homeward Legal work hard to lessen their impact wherever feasible. Delays may include waiting for responses from third parties.

Q.

We are buying in Merton. Are there any conservation areas in the area?

A.

There are numerous conservation areas in or near Merton. Conservation areas in Merton include Bathgate Road. The local authority will provide more details about local conservation areas, and the property solicitor handling your purchase will discuss the relevant responsibilities.

Q.

What sort of additional enquiries into the risk of floods around South West London will a lawyer in Merton report back to us on for a seventies property we are intending to purchase?

A.

A qualified solicitor makes an application for property conveyancing searches that should include Merton flood risk area data.

Q.

Is your solicitor team geared up for complete fast auction conveyancing in Merton?

A.

The legal team are property auction specialists and do frequently handle the legal work for auction buyers and sellers. It is a smart decision for buyers to pick a fast lawyer as early as possible to allow enough time for a detailed review of the property's legal title well in advance of the auction.

Post actual auction you and the lawyer has to be prepared for finish the conveyancing process inside the usual 28 days as typically required by the conditions of sale.

Q.

For fast conveyancing on the purchase of a £ 481k residence, what should we do?

A.

Many buyers will, correctly, argue that fast Merton conveyancing is crucial to is to use a proactive solicitor. There are a number of tasks you can do, including, quickly answering your solicitor's questions (by email if possible), ordering a property survey early in the transaction and contacting your solicitor regularly.

Q.

Can you suggest how we avoid paying out for stamp duty to the Revenue?

A.

Stamp Duty Land Tax usually must be paid for homes sold for over 125,000 pounds. Stamp duty avoidance must be treated with caution by purchasers in Merton, as such schemes are expensive and HMRC may challenge a scheme up to six years later meaning that the full stamp duty amount will be payable, with potential fines.

Q.

Apparently, molybdenum soil contamination may be an issue in Merton. Can you advise?

A.

Steps are taken in and around Merton to find and clean up soil contamination. Environment search results will factor contaminants, including metals and others such as groundwater contaminants like detergents and asbestos.

 
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