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Transfer of Equity in Preston

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 Preston

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

Preston key data:

According to the 2011 census, The residential population of Preston 520,556 people spread over an area of 239,139 acres (96,776 hectares) which equals a density of population of 2.2 people per acre or 5.4 per hectare.

Preston is about 3m of the M6 Junction 31a Southbound.

Blackpool International Airport is 14 miles from Preston. Eccles Airport is 25 miles away and Preston station is around a mile from Preston.

The nearest hospital is Fulwood, Midgery Ln.

Q.

How do we get a cheap solicitor for purchasing a property?

A.

Numerous firms purport to offer cheap conveyancing. However extra fees will be included in the small print. Busy, stressed buyers and sellers ignore these terms at their peril. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

For fast conveyancing to buy a £631,000 house, how could we speed up the process?

A.

It is a truism that moving faster is the key to is to use a proactive, diligent conveyancing solicitor. There are, in addition, several tasks you can do, such as, requesting regular updates from your conveyancing solicitor and keep the pressure on, organising your finances, including arranging a mortgage and quickly completing and return any forms.

Q.

How long does the conveyancing process require, in your opinion?

A.

The number of weeks taken to buy or sell property does vary, influenced by a range of factors. With our solicitors, your move is undertaken with the utmost care and speed.

Q.

What can we do to bypass paying for stamp duty?

A.

Stamp duty is usually due for houses valued at over 125,000 pounds. We do not recommend purchasers get involved with any stamp duty mitigation scheme. These schemes are highly expensive and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself. There have been a range of government-sponsored schemes, such as disadvantaged area relief.

Q.

Could our legal fees introduce any additional costs?

A.

We never hide any hidden extra fees under any circumstances. You Preston conveyancing quote is an accurate price the legal costs for your transaction.

Q.

We are buying on a newly development brownfield site. Is the soil possibly contaminated by waste minerals like tungsten (W)?

A.

Most soils in Preston have some degree of contamination, from agriculture or industry. Data on many contaminants, such as fertilisers and water contaminants such as silage, will be included in an environmental search.

Q.

We are buying a property with Skipton Building Society - what will we need to consider?

A.

House buyers should be aware that, over the last two years, some lenders have reduced the number of firms on their approved panel, which may result in increased conveyancing costs for buyers. We, though, are able to act for many lenders in the UK so that you will not be required to pay the lender's costs.

Q.

Having read about the extensive flooding in Sept 2012 in North West England I am wondering if flood searches won't be thorough enough?

A.

Flood risk searches handled by a Preston conveyancing solicitor will include a far more specialist Landmark flood search if it is felt necessary.

If you remain apprehensive why not approach a close neighbour or local Lancashire flood damage expert, like Whitehead Marcus, Bee Mill Preston Rd, Ribchester, Preston, PR3 3XJ Tel: 01254 416561.

 
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