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Transfer of Equity in Mitcham

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 Mitcham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 29/11/16

Regional transport and health information

The nearest station to Mitcham is Mitcham Eastfields, around 1 mile away. The nearest airport to Mitcham is London Biggin Hill Airport. Heathrow Terminals 1 2 3 Airport is 14 miles, London City Airport is 12 miles, London Heliport Airport is 5 miles, Heathrow Terminal 5 Airport is 15 miles, Gatwick South Terminal Airport is 17 miles, Gatwick North Terminal Airport is 17 miles, Heathrow Terminal 4 Airport is 13 miles, Northolt Jet Centre Airport is 15 miles, Elstree Airport is 19 miles and away.

Q.

Mitcham area info

A.

Morden Hall Park National Trust and Wandsworth London WindmillCroydon Airport Vistor Centre Aviation Museum are in Mitcham.

The most convenient hospital for Mitcham is Wilson Mitcham.

Q.

How do I get fixed rate conveyancing?

A.

Confusion over this matter catches out many buyers, and can leave them paying far more in conveyancing fees than they budgeted, and many firms purport to offer theoretically 'the cheapest conveyancing quotes'. Unfortunately additional costs will be included in the terms of engagement which unwary buyers fail to check. Your Mitcham conveyancing quote should list third party costs, termed disbursements, to be paid.

Q.

Does your company look after the legal conveyancing of auction properties in Mitcham?

A.

Our firm is able to work with buyers at auction. Conventionally unusually constructed lots such as where located in disadvantaged or undesirable areas are listed at property auctions which need supplementary exploration. Homeward Legal therefore advocate purchasers to choose a solicitor well in advance of the auction day to give enough time for a detailed review of the legal papers.

Subsequently, following the actual auction a prepared lawyer is prepared for carry out the legal process in less than the usual 28 days as required by the terms of sale.

Q.

For a fast conveyancing transaction on the purchase of a £340,000 house, what can we do to accelerate the process?

A.

Instructing a communicative property lawyer is key moving faster. Consider the following when selecting:

  • Did you experience any delays when requesting a quote?
  • Are phone, fax and email their preferred methods of contact
  • Do they order searches immediately?

Q.

For what reason does the conveyancing work require weeks?

A.

The legal work required to buy or sell a home may be subject to numerous interruptions or delays. Homeward Legal endeavour to reduce their effect by proactively handling all enquiries. Delays include a slow firm acting for the lender.

Q.

Would you address making the effort to defer paying stamp duty on buying in Mitcham?

A.

Stamp duty avoidance is not advised when buying in Mitcham, as such schemes are highly expensive and often likely to fail.

Q.

What is the council tax on a Fifties converted Band B building in Mitcham?

A.

Commonly, a conveyancing report on title will provide the Merton council tax band. The latest tax charges for residents of Mitcham are listed at the Merton council site. At the time of authoring (15 October 2012) rates are:

  • Band A - £942.00
  • Band B - £1,099.00
  • Band C - £1,256.00
  • Band D - £1,413.00
  • Band E - £1,727.00
  • Band F - £2,041.00
  • Band G - £2,355.00
  • Band H - £2,827.00

Q.

When in the process should we find a conveyancer?

A.

In the majority of situations, the earlier, the better, as there are a number of tasks which may be carried out straight away. Some authors suggest waiting before instruction until the offer is accepted, but delays can risk the other side pulling out, particularly in uncertain market conditions.

Q.

What can contaminate land in Mitcham, and will they be checked for comprehensively?

A.

Numerous of contaminants can spoil property, like sand or clay quarries or local historic industrial processes. An environmental search can provide much more clarity.

 
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