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Transfer of Equity in Paddock Wood

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.

Get an instant quote for a transfer of equity in Paddock Wood.

Remortgage Solicitors Paddock Wood

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 18/01/17

Paddock Wood information:

Paddock Wood's nearest train station is Paddock Wood. Paddock Wood's nearest airport is Rochester, Maidstone Rd Airport (13 miles). Gatwick South Terminal Airport is 24 miles, Gatwick North Terminal Airport is 25 miles, Rochester Airport is 13 miles and London Biggin Hill Airport is 19 miles away.

The closest hospital to Paddock Wood is Pembury, Tunbridge Wells.

Q.

We are trying to find fixed rate Paddock Wood conveyancing. Will we get a quote or and estimate?

A.

Many online and high street property lawyers purport to offer theoretically 'the cheapest conveyancing quotes'. Unfortunately extra fees can inflate your solicitor's invoice. Additional fees found in the small print ought to be clearly defined. Get a quote using the Homeward Legal quote calculator for the property you are buying.

Q.

What will contaminate land in Paddock Wood, and will they be checked for thoroughly?

A.

Property in Paddock Wood would be contaminated by a wide range of environmental concerns. Contaminants such as nearby waste management facilities should be reported on during conveyancing searches.

Q.

Can we get out of paying out for stamp duty to HM Revenue?

A.

Stamp Duty Land Tax (SDLT) usually must be paid for property purchases valued at over 125,000 pounds. Stamp duty scheme must be treated with caution, as such schemes are often uneconomical and the HMRC can review a scheme up to 6 years after a sale is completed . There have been a range of government initiatives, such as relief for buyers in 'disadvantaged areas', and your solicitor will advise if these may apply.

Q.

How is SDLT calculated and what amount should we budget for a £906k Paddock Wood residence?

A.

The Stamp Duty you will owe will depend on the purchase price of the property. It will be £36240 on a £906k house or flat.

Q.

What type of local searches into the potential risk of flooding in the Kent area will a Paddock Wood conveyancing solicitor actually conduct?

A.

An important component in the legal due diligence procedure of buying a property involves your lawyer conducting property environmental searches that give some details in relation to Paddock Wood flood risk area data. A significantly more in-depth conveyancing search, such as the Landmark search, will typically be proposed by your solicitor in Paddock Wood if in the event that the enviro. search reveal any risk of flooding.

Q.

Which lenders in Paddock Wood do you work with?

A.

Most lenders in Paddock Wood are on our Paddock Wood solicitors' panel. Lenders and mortgage specialists in Paddock Wood include Bradford, 1/Church Farm Cottages, Collier Street, Tonbridge, TN12 9RT.

Q.

Which individual property conveyancing searches should a Paddock Wood conveyancer conduct when acting on a Paddock Wood property?

A.

The standard legal procedure is to get the following Local Authority, Drainage Search, Environment Search and Coal Mining, and possibly specific searches such as Cheshire Brine Search.

Q.

My lender is Yorkshire Bank, is there anything we need to consider?

A.

A small number of lenders have limited the number of solicitors who can act for them. Homeward Legal, however, are able to act for many lenders, ensuring that an additional lawyer will not be required to act for your lender.

 
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