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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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Conveyancing in Priorslee Q & A's

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 23/01/17

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.

How much can our searches be?

A.

Searches range in cost, depending on the searches required by your lender. They are charged 'at cost'.

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.

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.

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.

As a result of the major flooding last year in the Midlands we are wondering whether flood risk searches may not be detailed enough?

A.

Your property lawyer in Priorslee will recommend that you carry out flood searches if the first searches spots a significant risk Priorslee flood risk area

Sometimes home buyers to contact a next door neighbour for additional extra local information.

Q.

Property solicitors in Priorslee get official property conveyancing searches if acting for a home purchase client but what actual searches?

A.

If applying for a mortgage lender will expect specific searches, including these searches - Local Authority, Drainage and Water Search (CON29DW) and Environmental, and possibly specific searches for example Index Map.

 
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