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Transfer of Equity in Penrith

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 Penrith

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 21/01/17

Local data:

Drivers are well catered for with Penrith enjoying excellent road access under 1m of Junction 40 Northbound of the M6.

Penrith's closest airport is Carlisle Airport. and the nearest train station to Penrith is Penrith.

The closest hospital to Penrith is Penrith.

Q.

How do I find low cost conveyancing in Penrith?

A.

Several firms claim to offer so-called 'the cheapest conveyancing quotes'. Often extra fees may be added into the terms of engagement. Excited sellers and buyers, eager to get underway, often ignore this small print when they instruct. Extra fees included in the solicitor's terms needs to be fair and clearly defined. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

We are intending to buy a 1950s building in a designated Penrith conservation area. Where can I find details in regards to the present standard of repair of the conservation area?

A.

English Heritage, a government body, have conducted a survey and created a detailed list about the state of repair of conservation areas as well as the trend of the area. Conservation areas in Penrith are nominated by the local authority (Eden) who administer everything from private spaces to the inhibition of poorly maintained public spaces.

Q.

It seems that nickel (Ni) soil contamination may be an issue in Penrith. Please advise.

A.

Restrictions exist to control soil contamination, decades after exposure the effect of some contaminants can be felt. Environment search results will factor contaminants, including metals and others such as insecticides.

Q.

Is it recommended to bypass paying out for SDLT?

A.

We do not recommend home buyers get involved with any form of stamp duty reduction scheme, as such schemes are expensive and often likely to fail. There have been certain government-sponsored schemes, such as relief for buyers in 'disadvantaged areas'.

Q.

How is Penrith contaminated land investigated when purchasing a property?

A.

Penrith property could be contaminated by several human activities. Issues like local historic industrial processes and sand or clay quarries will be reported on in environmental search results. Contamination can be caused by Penrith waste sites, including Kirkby Thore Works, Cumbria, CA10 1XU.

Q.

Should I select the conveyancing solicitor referred by my estate agent in Runcorn?

A.

Agent recommendations are a not uncommon path whereby buyers get a solicitor, however, such referrals need to be weighed up against alternatives, as there is a risk that the agent may suggest the conveyancer who pays out the highest referral fee, not the best solicitor for your needs.

Q.

We are using a lender based in Cumbria, and need to know which Penrith lenders your solicitors work with. Whose panels are you on?

A.

Homeward Legal are able to work with all the major lenders serving home purchasers in Penrith. Local mortgage lenders and brokers include Halifax, 41-42 Middlegate, Penrith, CA11 7PT, Lloyds TSB Bank PLC, 5-6 King St, Penrith, CA11 7AP, and Santander, 10 Market Sq, Penrith, CA11 7BY.

Q.

Is your panel of solicitors set up to 28 day completions on the conveyancing for residential property auction properties in Penrith?

A.

Yes - Our property lawyers do frequently handle the legal work for buyers at auction. Conveyancers tend to suggest buyers at auction to formally instruct an experienced lawyer well in advance of the property auction to allow sufficient time for a thorough investigation of the sellers documents.

After the auction day arrives a lawyer should be prepared for rapidly get through the conveyancing process in 4 weeks, a requirement of standard auction conditions.

 
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