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Transfer of Equity in Nottingham

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 Nottingham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Local travel information:

According to the UK 2011 census Nottingham has a population 1,163,185 people spread over an area of 655,222 acres meaning a density of residential population of 1.8 people per acre.

Tollerton, Nottingham City Airport is 4 miles from Nottingham. East Midlands Airport is 12 miles, Tollerton Airport is 4 miles and Gamston Airport is 24 miles away. The closest station to Nottingham is Nottingham, almost a mile away.

The Castle Consulting Centre is the closest hospital.

Q.

I am looking for a cheap Nottingham solicitor to purchase a house. What should I check?

A.

Numerous solicitors purport to offer so-called cheap conveyancing quotes, however additional costs are frequently hidden in the small print which unwary property buyers and sellers fail to check. Any charges which are listed in the terms ought to be fair and reasonable. The disbursements to be paid must also be stated on your quote

Q.

We have requested a quote from you. Will we have to pay any supplementary hidden charges when the sale completes?

A.

Unfortunately, buyers must be on their guard for considerable extra costs hidden in small print. Homeward Legal do not charge any additional charges. Be aware that some websites offer unrealistically low 'quotes' which are in fact estimates, meaning that you could pay much more when you complete.

Q.

Do we need to get a chancel search if my family are purchasing in Nottingham on the same street as a 1300s church?

A.

Potentially amounting to over £100,000 in repair cost obligations, chancel liability should be considered by buyers of Nottingham property likely to be affected. Several sources are used to determine liability in Nottingham, including the Title Register database. Nottingham churches where a chancel search may be necessary include St George in The Meadows, St Mary the Virgin (in the Parish of All Saints, St Mary & St Peter), All Saints' (in the Parish of All Saints, St Mary & St Peter) and St Saviour's in the Meadows.

Q.

Is contaminated land in Nottingham a problem for any houses?

A.

Several contaminants may ruin residential property in Nottingham, such as other sources of contaminated land. An environmental search should offer more information.

Q.

If I am buying near Nottingham, in the parish of Bunny with Bradmore, do we need a chancel search?

A.

A solicitor may suggest that a chancel search is taken out, irrespective of the parish where the house being bought is located. In Nottingham's much older areas, chancel repair

can be imposed on new owners of a house where Parochial Church Councils may have spared previous owners or tenants, so it can be difficult to use this as a guide.

Q.

Will the property report compiled by the property lawyer in Nottingham investigate the applicable rates of council tax for a Band G house prior to contracts are exchanged?

A.

A lawyer will consult with the Nottingham local council to ascertain the latest council tax rates, which will then be included in the conveyancer's title report.

The correct rates for Nottingham are published at the Nottingham local authority site. At the time of writing (06 November 2012) the different rates are:

  • Band A - £1,076.00
  • Band B - £1,255.00
  • Band C - £1,434.00
  • Band D - £1,614.00
  • Band E - £1,972.00
  • Band F - £2,331.00
  • Band G - £2,689.00
  • Band H - £3,227.00

Q.

Is homewardlegal.co.uk set up to act quickly on the conveyancing for auction properties in Nottingham?

A.

Our team prepare legal packs for vendors and do frequently handle the legal work for buyers at auction. Our specialist solicitors and conveyancers have in the past been instructed by numerous successful bidders at local property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Savvy auction buyers always appoint a suitable firm as ahead of time as possible so there is time for a full investigation of the legal papers well in advance of the auction day.

After the property auction a solicitor needs to be able to concentrate on complete the legal side of things in less than the usual 28 days, a requirement of terms of sale.

Q.

Are any of the designated Nottingham conservation areas are in an unacceptable state?

A.

The list of the condition of conservation areas is noted by English Heritage and this data are viewable at their site: Hine Hall with Nottingham is listed as at risk with unknown vulnerability and deteriorating, Star Buildings with Nottingham is listed as at risk with unknown vulnerability and deteriorating, The Station with Nottingham is listed as at risk with unknown vulnerability and condition improving, The Arboretum with Nottingham is listed as at risk with unknown vulnerability and no significant change, Sneinton Market with Nottingham is listed as at risk with unknown vulnerability and condition improving significantly, Old Sneinton with Nottingham is listed as at risk with unknown vulnerability and no significant change, New Lenton with Nottingham is listed as at risk with unknown vulnerability and deteriorating, Alfreton Road / Gamble Street with Nottingham is listed as at risk with unknown vulnerability and unknown, Elm Avenue / Corporation Oaks with Nottingham is listed as at risk with unknown vulnerability and deteriorating, Wilford House with Nottingham is listed as at risk with unknown vulnerability and no significant change. Tel: 0115 8764080 for more information.

 
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