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Transfer of Equity in Northfield

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 Northfield

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 21/01/17

Northfield data:

Northfield's nearest airport is Birmingham Airport. Coventry Airport is 21 mile s, Wolverhampton Business Airport Airport is 15 miles and Defford Airport (disused) Airport is 24 miles away. Northfield's closest train station is Northfield.

West Heath Kings Norton is a nearby hospital for Northfield.

Q.

How do we get the cheapest conveyancing solicitors in Northfield?

A.

Many firms advertise 'the cheapest conveyancing quotes'. Often additional fees are often hiding in the terms of engagement. Feeswhich are listed in terms of engagement should be fair. Third party costs, termed disbursements, to be paid must also be stated on a conveyancing quote. Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

How will a Northfield conveyancer advise on the potential risk of flooding at Northfield?

A.

A vital part of the legal due diligence procedure involves the lawyer making an application for environmental searches that set out some details in relation to Northfield historical flood risk.

Q.

Conveyancing searches (environmental) are surmised archived information and when you consider recent climactic events such as the serious flooding in 2012 in the Midlands are they still appropriate to ascertain enough about the Northfield flood risk?

A.

Property conveyancing searches carried out by your solicitor in Northfield will include the more specialist search (Landmark) if it is felt necessary.

It may be sensible to also contact a neighbour of the property for some further information.

Q.

What particular search enquiries will my Northfield property lawyer get when acting on a Northfield flat?

A.

The regular legal procedure will be to get Local Authority (personal or official), Drainage and Water Search (CON29DW), Environmental and Limestone Search, and possibly specific local searches for example Contaminated land Search.

Q.

Will we need a property survey for our home purchase?

A.

Homeward Legal heavily advise that buyers arrange a home buyer survey. Many problems have a negative impact on a property, for example cracks in walls and unsafe chimney circulation. These will not be reported on by a solicitor.

Q.

How is stamp duty calculated?

A.

The SDLT that is payable is based on the property's value. On a £231000 house or flat in Northfield, stamp duty will be £2310.*

*Correct as of January 2013

Q.

Is your panel of solicitors geared up for 28 day completions on the conveyancing of property auction properties in Northfield?

A.

The legal team work with auctioneers throughout Birmingham and the Black Country and frequently act for sellers at auction. It is a smart decision to pick a solicitor as ahead of time as possible to allow for a full investigation of the legal papers for the lot prior to the auction.

After the day of the auction a prepared lawyer will need to be fully prepared to carry out all of the legal work in less than 28 days as typically required by the terms of sale.

Q.

We are expecting to move from our terraced building on the outskirts of Northfield into a bigger home in New Invention , at what stage to appoint a house removal firm?

A.

The ideal point is for buyers to put off the removals company until such time as both sides have set the date that frequently occurs once contracts are signed. Why not try Royal Removals, 81/81/The Roundabout, Birmingham, B31 2TY on 07842 752399 or Jones Steve & Son, 156 Coombes La, Birmingham, B31 4QT Phone: 0121 459 4252.

 
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