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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: 16/01/17

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 are buying on a new-build ex-industrial use land. Is antimony (Sb) soil contamination likely?

A.

Extensive measures are taken across Nottingham and the region to find and clean up topsoil contamination. Land may also be contaminated by other sources, including polychlorinated biphenyl (PCBs) and water contaminants such as industrial chemicals.

Q.

What kind of searches into the risk and history of a flood at Nottinghamshire will a lawyer in Nottingham actually carry out for an Edwardian home I am wanting to purchase?

A.

A residential property solicitor will apply for official conveyancing searches that should include Nottingham area flood risk data.

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.

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.

Please suggest how to get out of paying HMRC stamp duty?

A.

SDLT is generally payable for residential property valued at over one hundred and twenty-five thousand pounds. Stamp duty mitigation must be treated with caution, because these schemes are expensive and very risky.

Q.

We are buying a £100000 property in Nottingham, what should be calculated for SDLT?

A.

The Stamp Duty payable is based on the purchase price. For a house or flat purchased for £100000, SDLT will be £0.*

*Accurate as of 15/01/2013

Q.

How much does the conveyancing searches cost?

A.

The cost of conveyancing searches in Nottingham will vary greatly, subject to which searches have been ordered. The most frequently ordered searches include an environmental search and a mining search.

 
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