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Transfer of Equity in Ollerton

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 Ollerton

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 06/12/16

Ollerton key data:

Gamston Airport is 6 miles from Ollerton. Robin Hood Airport is 20 miles, Tollerton Airport is 20 miles, and Sheffield City Airport is 20 miles away and Shirebrook train station is about 8 miles from Ollerton.

The neighbouring hospital for Ollerton is Limes Independent Mansfield.

Q.

Do all cheap conveyancing quotes have extra fees? I need affordable conveyancing.

A.

Many solicitors promote theoretically 'the cheapest conveyancing', however additional charges are frequently hidden in the terms and conditions. Busy, stressed buyers ignore these terms at their peril. Additional fees which are listed in the small print ought to be fair. Any disbursements must also be stated on a Ollerton conveyancing quote

Q.

In about five weeks we are expecting to be moving from our period property in Ollerton to a bigger dwelling in Newark when to book a home removal firm?

A.

Your solicitor would usually advise that you put off until exchange of contracts as beforehand a final home moving date wont have been agreed. Local firms include Ballards Removals Ltd, Ollerton Rd, Tuxford, Newark, NG22 0PQ Telephone: 01777 871871 or Premier Movers, Unit 10 Ollerton Rd, Tuxford, Newark, NG22 0PQ on 01777 872227.

Q.

If I plan to purchase in the parish of Beeston, will we need a chancel search?

A.

Regardless of the Ollerton parish you are purchasing in, the conveyancing lawyer may suggest that a chancel search is taken out. Through some Parochial Church Councils have determined to charge chancel repairs on the current owners of affected property, a solicitor cannot state with certainty that a parish which has

not imposed liability will remain liability-free for new owners, so indemnity insurance may be advisable even if liability is unlikely.

Q.

What causes conveyancing to seem to be so slow?

A.

The legal work required to buy or sell a house or flat could take more time than budgeted even where there is no chain. Some reasons are out of a solicitor's hands. Homeward Legal do our best to reduce the effect of these delays if it can be achieved by driving the sale or purchase forward.

Q.

What can a Ollerton conveyancing solicitor advise if the flat we are planning to buy is inside the boundary of a conservation area in Newark and Sherwood which has inappropriate stone cladding added?

A.

The local authority search (LLC1 - Requisition for search and Official Certificate of Search) carried out by your solicitor will identify if the property is in a conservation area and evidence of local authority approval for alterations will be required.

Q.

What length of time should the conveyancing process take? We are buying in Ollerton.

A.

The number of weeks required to transfer property is not wholly predictable. This is affected by a range of considerations such as if a third party is slow to respond. The national average is 8 to 12 weeks, whereas our solicitors work for a deadline of six weeks.

Q.

Should I get a property survey?

A.

We heavily advise that all purchasers in Ollerton arrange a surveyor. Buyers should be aware that there are a wide range of defects which will impact a property, such as wet rot and poor ventilation. Such issues will not be considered during the conveyancing work itself.

Q.

Is contaminated land in Ollerton a concern?

A.

A wide range of contaminants caused by naturally-occurring factors can quickly spoil residential property in Ollerton, like proximity to scrap yards and pollution incidents. An environmental search can give more clarity. Bilsthorpe Landfill Site, Brailwood Road, Nottinghamshire, NG22 8UA may be one Ollerton source of contamination.

 
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