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Transfer of Equity in Pratts Bottom

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 Pratts Bottom

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Pratts Bottom clients every week.

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Conveyancing in Pratts Bottom Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 29/11/16

Pratts Bottom attractions

Keston London Windmill, Downe Down House (Charles Darwin) English Heritage and Lullingstone Roman Villa English Heritage are in Pratts Bottom.

Drivers are well served with Pratts Bottom having very convenient road access close at inside 2m of the M25 Junction 4 Westbound.

London Biggin Hill Airport is 4 miles from Pratts Bottom. London City Airport is 12 miles, London Heliport Airport is 16 miles, Gatwick South Terminal Airport is 18 miles, Gatwick North Terminal Airport is 18 miles, Rochester Airport is 18 miles and away. The closest station to Pratts Bottom is Knockholt, almost 1 mile away.

The most convenient hospital is Chelsfield Park Orpington.

Q.

I need to find a solicitors firm that offers cheap conveyancing. Will I get a quote or and estimate?

A.

This affects many buyers who opted for a very cheap quote, only to be stung later in the conveyancing process. Many property lawyers purport to offer so-called 'the cheapest conveyancing quotes', however extra charges may increase the final bill. Third party costs, termed disbursements, to be paid must also be stated on the conveyancing quote Any extra costs included in terms and conditions needs to be fair and come into force only if your lawyer must complete additional work , which could not be anticipated at the start of the process. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

What sort of additional enquiries in respect to the potential risk of a flood to properties in Bromley will a Pratts Bottom conveyancing solicitor advise us on a Victorian home I am hoping to buy?

A.

A conveyancing solicitor applies for environmental searches that should include Pratts Bottom flood risk data. Depending on the results, a conveyancing solicitor in Pratts Bottom might propose a significantly more detailed local Pratts Bottom flood risk search.

Q.

Is contaminated land in Pratts Bottom an issue?

A.

Pratts Bottom property could be contaminated by several environmental factors, such as air pollution and coal mining. An environmental search will offer more detail.

Q.

Is there an authority that has any comprehensive data on the standard of Pratts Bottom conservation areas?

A.

English Heritage, a government body, have produced details in relation to the condition (poor to good) of conservation areas in Bromley and throughout England in addition to the risk of the area falling into disrepair.

Local Pratts Bottom conservation areas for instance upkeep of paths, non sympathetic doors or poorly maintained roads are handled by Bromley.

Q.

What do property searches bear upon?

A.

Searches are standard questions raised by the purchaser's conveyancing lawyer via specific agencies, for example a gypsum search, and only relate to the legal condition of the property's title.

Q.

The Pratts Bottom home being purchased is on a brownfield land. Could the soil be contaminated by industrial waste like cobalt (Co)?

A.

Pratts Bottom's local area has a history of contamination from industry and natural causes, like much of the UK. Metal contamination of top-soil in Pratts Bottom is more likely to occur near waste treatment sites. Data on other contaminants, like fertilisers, will also be included in an environmental search.

Q.

Do you suggest making the effort to get out of paying stamp duty in Pratts Bottom?

A.

Stamp duty reduction scheme is not recommended. Such schemes are highly expensive and HMRC may challenge a scheme up to six years later.

Q.

My wife and I are intending to buy in Pratts Bottom. Can I establish whether the property is in a conservation area?

A.

Conservation areas denote local areas of historical or architectural value. These restrictions may impose liability on a buyer for unauthorised alterations made by previous owners, but the benefits will include protection for trees and other flora.

 
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