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Transfer of Equity in Oldbury

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 Oldbury

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 11/01/17

Local key data:

Wolverhampton Business Airport Airport is 10 miles from Oldbury. Birmingham Airport is 13 miles, Coventry Airport is 25 miles and away. The closest train station to Oldbury is Sandwell and Dudley.

Oldbury is close at under 1m of the M5 junction entry 2 Northbound.

The nearest hospital for Oldbury is Edward Street West Bromwich.

Q.

How do I get the best conveyancing rates in Oldbury for a £258,000 residence?

A.

Various firms promote supposedly 'the cheapest conveyancing quotes'. Unfortunately additional costs are frequently hidden in the terms of engagement. These terms are often ignored by excited buyers, eager to get underway. The disbursements to be paid should be included on a Oldbury conveyancing quote Any extra fees listed in terms of engagement ought to be fair. Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

How many weeks will conveyancing need, in your experience? If it matters, we are purchasing a flat in Oldbury.

A.

Generally speaking, the length of time required to transact property does vary. This wide range results from a number of issues which may include when a third party is slow to respond. Nationwide, the average is around ten weeks, we however aim for faster conveyancing, driving the transaction to complete within 6 to 8 weeks.

Q.

Is a property survey a good idea when purchasing a home?

A.

The Royal Institution of Chartered Surveyors advise that purchasers arrange a home buyer survey if you are intending to buy in Oldbury. A wide range of defects can negatively affect a property, including roof spread and poor drainage.

Q.

What search enquiries does a Oldbury conveyancer apply for on a Oldbury property?

A.

Normal legal protocol is to obtain Local Authority (personal or official), Drainage Search (Con29DW or personal), Environmental and Limestone Search and occasionally unique particular for example Land charge Search (bankruptcy only).

Q.

Myself and my partner are buying in Oldbury. How can we verify that the building is in a conservation area?

A.

There are several conservation areas located near Oldbury. Conservation areas in Oldbury include Church Square. You may wish to contact the local council if you have specific questions, but your solicitor will investigate this in detail.

Q.

Which local authority is responsible for Oldbury?

A.

Oldbury is located in Sandwell Metropolitan Borough Council, Sandwell Council House, PO Box 2374, Oldbury, West Midlands, B69 3DE, phone: 0845 358 2200

Q.

How can we determine stamp duty and what will we need to pay on a £283000 property?

A.

SDLT will depend on the purchase price. It will be £8490 on a £283000 house.

Q.

For a fast conveyancing process to buy a £424,000 house, what can we do to speed up our transaction?

A.

Experienced buyers will tell you that a faster move is essential to is to use a proactive lawyer. There are various jobs you as the purchaser can also do to get moving sooner. These include:

  • contacting your lawyer regularly
  • quickly answering your lawyer's questions (by email if possible)
  • arranging your mortgage offer

 
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