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Transfer of Equity in Potters Bar

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 Potters Bar

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Potters Bar key data:

Potters Bar's closest train station is Potters Bar. Potters Bar's closest airport is Elstree, Hogg Ln Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 20 miles, Luton Airport is 16 miles, London City Airport is 17 miles, London Heliport Airport is 16 miles, Heathrow Terminal 5 Airport is 21 mile s, Heathrow Terminal 4 Airport is 21 mile s, Northolt Jet Centre Airport is 14 miles, Elstree Airport is 7 miles and Stansted Airport is 23 miles away.

Potters Bar is nearby at roughly 1m of the M25 junction entry 24 Westbound.

Potters Bar Community is the closest hospital for Potters Bar.

Q.

How do I get the best conveyancing rates for a 577k property?

A.

Several solicitors advertise 'the cheapest conveyancing quotes', but additional fees are often hiding in the terms and conditions, left unread by preoccupied buyers Your conveyancing quote should also clearly state applicable disbursements. Extras should be clearly defined. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

Will my conveyancer in Potters Bar advise on the potential risk of flooding to properties in Potters Bar?

A.

A critical part of the conveyancing protocol of buying a property involves the conveyancing solicitor carrying out property environmental searches that offer you some details with regard to Potters Bar flooding.

Q.

Which local authority is responsible for Potters Bar?

A.

Potters Bar is located in Hertsmere Borough Council, Civic Offices, Elstree Way, Borehamwood, Hertfordshire, WD6 1WA, Tel: 020 8207 2277

Q.

Is it necessary that I get a chancel liability search if I am buying on the same road as church grounds in Potters Bar?

A.

As a result of chancel repair liability, the owners of property in Potters Bar which was once owned by a 'lay rectors' can be liable for upkeep of an old church building. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Potters Bar Church of England properties include King Charles the Martyr and St Mary the Virgin & All Saints.

Q.

I am purchasing a renovated house in a conservation area. How do we find details in respect of the present standard of upkeep?

A.

English Heritage, a government body, administer a list about the condition (poor to good) of conservation areas in England in addition to the vulnerability to a decline in standards. Conservation areas are nominated by Hertsmere who manage things like trees to the thwarting of billboards.

Q.

What do we do to calculate stamp duty?

A.

The rate of stamp duty you will owe is calculated based on the property's price. For a property valued at £927000, the SDLT rate is £37080.*

*Correct as of 15/01/2013

Q.

Will a conveyancing solicitor in Potters Bar order any property on the Hertfordshire period semi-detached flat I am intending to purchase?

A.

The common procedure is to get Local Authority (personal or official), Drainage and Water Search and Environmental, and possibly less common searches, which may include a Land charges full Search.

Q.

We are purchasing a residence in the parish of Flamstead. Is a chancel search necessary?

A.

A lawyer may suggest that a chancel search be ordered. Chancel repair has the potential to be imposed on owners of a house where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners.

 
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