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Transfer of Equity in Penge

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 Penge

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/12/16

Local key data:

The nearest airport to Penge is London Biggin Hill Airport. Heathrow Terminals 1 2 3 Airport is 21 mile s, London City Airport is 7 miles, London Heliport Airport is 10 miles, Heathrow Terminal 5 Airport is 23 miles, Gatwick South Terminal Airport is 19 miles, Gatwick North Terminal Airport is 19 miles, Heathrow Terminal 4 Airport is 21 mile s, Northolt Jet Centre Airport is 21 mile s, Elstree Airport is 23 miles, Rochester Airport is 22 miles and away. The closest station to Penge is Bromley North, almost 1 mile away.

The closest hospital is Sloane.

Q.

Are additional fees applied? I need a fixed rate conveyancing quote.

A.

Many solicitors advertise so-called 'the cheapest conveyancing quotes', but extra charges are often hiding in the solicitor's terms of engagement. Any additional charges found in terms of engagement should be fair. They be applied only where your solicitor must complete unanticipated additional work in your interest, which could not be anticipated at the start of the process. The disbursements to be paid should be included on the conveyancing quote based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Will your Penge property lawyer conduct official or personal searches on my home purchase?

A.

Your solicitor will advise as to the best type of search, depending on issues like building society requirements. For personal searches, the lawyer might consider a search agent wit local experience, for instance, Key Legal Services, 42/44 Prospect Place, Bromley, Kent, BR2 9HN Tel: 020 8460 8459 Fax: 020 8460 8174

Q.

My husband and I are buying in Penge. How do I verify if the house is in a conservation area?

A.

Conservation areas specify neighbourhoods of historic or architectural significance. The local council will advise further about local conservation areas, and the conveyancing lawyer handling your purchase should discuss what specific restrictions are in place.

Q.

How many weeks will conveyancing legal work take, in your experience? I already have an offer.

A.

For the majority of clients, the number of weeks needed to sell or purchase a residence may vary. This is influenced by a number of issues which may affect the property, for example, if the property being bought or sold is leasehold. Nationwide, the average is around ten weeks, whereas Homeward Legal drive the process forwards, completing within eight weeks.

Q.

Is there a government body any thorough published record on the Penge conservation areas?

A.

Local Penge conservation areas e.g. paths and footpaths, rear extensions or rundown streets are presided over by the local Bromley planning authority. English Heritage administer a list in relation to the condition of conservation areas along with the vulnerability.

Q.

Barclays Bank will be our lender - is there anything I need to check?

A.

House buyers need to be aware that some lenders are now reducing the size of their 'solicitor panel', potentially creating higher legal costs for house purchasers. Homeward Legal are able to act for all large lenders so that the buyer will not have to pay legal costs to your lender's solicitor.

Q.

Which factors can contaminate land in Penge. Are they a problem?

A.

Several contaminants caused by factors caused by man and by nature can affect Penge property. Contaminants such as proximity to waste sites should be considered as part of the appropriate search.

Q.

We are selling in Penge, and have had a conveyancing quote from you. Could there be any hidden charges?

A.

No. Homeward Legal's solicitors never charge any extra, hidden fees.

 
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