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Transfer of Equity in Priorslee

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 Priorslee

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 26/11/16

Local key data:

Priorslee's nearest airport is Wolverhampton Business Airport Airport. Telford Central station is about 1 mile from Priorslee.

Drivers are well served with Priorslee enjoying good motorway access within 1m of the M54 Junction 4 Westbound.

The nearest hospital to Priorslee is Princess Royal, Telford.

Q.

How can we ensure our cheap quote is fixed? I need fixed rate Priorslee conveyancing.

A.

Numerous solicitors promote so-called cheap conveyancing quotes, but extra fees will be included in small print which home owners may have not read carefully Any additional fees should be reasonable and clear. Our online quote calculator will generate an accurate quote for your transaction.

Q.

Does the report on title compiled by the Priorslee conveyancing solicitor report back on the cost of council tax for a Band H house before completion?

A.

A solicitor will write to the council to ascertain the currently applicable council tax rates, which will then be written in the title report. Council tax charges for residents of Priorslee are published online at the council site.

Q.

The agent has offered the conveyancing solicitor whom they usually use. Will it be more cost-effective to instruct them?

A.

Both agents and mortgage brokers may recommend a solicitors firm, however, these referrals should be compared to other online or local firms, as there is a risk that an agent may choose whichever firm pays the most per referral, not a firm with local expertise and a solid reputation.

Q.

How do we determine stamp duty, how much do we need to pay on a £1168000 home?

A.

Stamp Duty will depend on the purchase price of the property. For a residential property purchased for £1168000, stamp duty will be £58400.*

*Source: www.hmrc.gov.uk, 01/03/2013

Q.

Which Priorslee mortgage lenders do you work with?

A.

Most lenders in Priorslee are on our panels. Priorslee lenders and mortgage specialists include Apley Castle, 17A Church St, Wellington, Telford, TF1 1DD, 1st 4 Let, 87 Haybridge Rd, Hadley, Telford, TF1 5JJ, and Ingram & Co, St. Georges Court/2 Conwy House/St. Georges Rd Business Cent, Donnington, Telford, TF2 7BF.

Q.

We are intending to buy a property in the parish of Whitchurch. Is a chancel search required?

A.

Regardless of the Priorslee parish you are buying in, the conveyancing lawyer is likely to recommend that a chancel search be ordered. Through some Parochial Church Councils (PCCs) have chosen to charge chancel repairs on owners of affected property, it is not possible to be certain that a parish where repair costs have not been paid before, that this will not be so in future. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

Where do I learn more data about the conservation areas in Priorslee?

A.

English Heritage have created a detailed list on the condition of conservation areas along with the exposure to getting worse. Local Priorslee conservation areas, for instance street furniture, addition of PVC windows or excessive road signs are administered by the local Telford and Wrekin planning authority.

Q.

What sort of local conveyancing searches in connection with the uncertain risk of local flooding in the Shropshire area will my Priorslee property lawyer be able to do?

A.

Your solicitor will carry out standard formal property conveyancing searches that incorporate Priorslee flood risk area data information. At the time of writing (03/01/13) reports on the Environment Agency do not reveal any flood warnings in the Priorslee area.

 
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