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Transfer of Equity in Merton Park

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.

Get an instant quote for a transfer of equity in Merton Park.

Remortgage Solicitors Merton Park

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Merton Park area info

Morden Hall Park National Trust and Wimbledon London Windmill are close to Merton Park.

Heathrow Terminal 4 Airport is 11 miles from Merton Park. Heathrow Terminals 1 2 3 Airport is 12 miles, London City Airport is 13 miles, London Heliport Airport is 5 miles, Heathrow Terminal 5 Airport is 13 miles, Gatwick South Terminal Airport is 18 miles, Gatwick North Terminal Airport is 18 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 18 miles, White Waltham Airport is 25 miles and London Biggin Hill Airport is 12 miles away and Merton Park's closest train station is Wimbledon Chase.

The closest hospital to Merton Park is Wimbledon, Nelson.

Q.

How do we get the best conveyancing rates for a £139k property?

A.

Numerous law firms claim to offer theoretically cheap conveyancing quotes, but additional charges can increase your final bill. Extras needs to be fair and clearly defined. They be applicable solely where the conveyancer is required to perform tasks outside a normal transaction , which could not be anticipated at the start of the process. Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

Please confirm how to get out of paying out for stamp duty to the Revenue?

A.

Stamp duty scheme is not advised. These schemes are expensive and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty amount may be due. There have been several official schemes, such as for first-time buyers.

Q.

Will we need a property survey for this home purchase?

Homeward Legal firmly recommend that most purchasers arrange a property surveyor. Many problems have a negative impact on a property, such as cavity wall tie failure. These will not be reported on by a solicitor.

Q.

What are our options if buying a period home within a Merton local authority designated conservation area ?

A.

Part of the due diligence for buyers includes the application for searches of Merton local authority to ascertain conservation area status and the appropriate consent for alterations. In the event that no local authority consents be in evidence, your Merton Park conveyancer will give you professional advice on all options such as buying an indemnity insurance policy or seeking retrospective approval from the planning authority.

Q.

Is the HS2 line going to impact Ealing?

A.

High Speed 2 Phase 1 will impact numerous homes in South Acton's local authority. This route from the capital to the West Midlands may be operational by 2026, but construction projects are expected to begin by 2017.

Q.

We are buying in Merton Park on a new development brownfield site. Could the soil be contaminated by industrial waste like titanium (Ti)?

A.

Even where some contamination has occurred in Merton Park, risk levels are usually low. Land may also be contaminated by other sources, including radioactive waste.

Q.

Nationwide is going to be our mortgage lender - is there anything I need to be aware of?

A.

Over the last two years, some lenders have reduced the number of firms able to act for them. Homeward Legal, however, are able to act on behalf of the vast majority of lenders to keep legal costs to a minimum.

Q.

What areas of conservation are there in Merton Park?

A.

Locales deemed to be of historical or architectural value, such as stretches of canals, will be defined as conservation areas. These restrictions may impose liability on a buyer for unauthorised alterations made by previous owners, but the benefits will include an increase in local property values.

 
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