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Transfer of Equity in Radford

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 Radford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Local key data:

Nottingham train station is about 2 miles from Radford. Radford's closest airport is Tollerton, Nottingham City Airport. East Midlands Airport is 11 miles s, Tollerton Airport is 5 miles and Gamston Airport is 25 miles away.

Queens Medical Centre, Derby Road is a relatively close hospital.

Q.

How do I get the best rates for conveyancing for a £346,000 residence?

A.

Many online and high street firms promote theoretically cheap conveyancing quotes. Unfortunately additional charges are often hiding in the terms of engagement which unwary buyers fail to check. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

I am buying a home in the parish of Bunny with Bradmore. Should we get a chancel search?

A.

A property solicitor might recommend that a chancel search is taken out, whichever parish where the building being bought is located. Although some Parochial Church Councils (PCCs) have exercised their right to charge chancel repairs on the current owners of land subject to chancel liability, there is no guarantee that a parish in which lay rectors have not been expected to pay chancel repair dues recently will remain liability-free for new owners. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

How many weeks can conveyancing legal work need? I am purchasing a property in Radford.

A.

For the majority of buyers and sellers, the length of time taken to transfer a home varies. This wide range results from a range of legal considerations which may include if a property is leasehold or freehold. Our conveyancers ensure the matter is handled as fast as possible, without compromising on service.

Q.

The estate agent we are using in Winscombe has put forward a property solicitor. Will it be faster to instruct this solicitor?

A.

Agent referrals are a common way for home buyers to find a solicitor, however, these referrals need to be weighed up against alternatives, including online or local firms, as it may be the case that the agent recommends the firm which pays to the largest referral fee, not the most suitable for you.

Q.

What will the Radford property lawyer advise if the house is within a Nottingham council conservation area and turns out to have unfitting dormer windows added?

A.

Nottingham council LLC1 searches conducted by your Radford property lawyer during the legal process will confirm if the Radford property a conservation area and evidence of authorisation for additions to the property will be requested.

Q.

For a fast conveyancing process on the purchase of a £936,000 house, how can we speed things up?

A.

Most importantly, a fast completion is the key to is to employing a proactive solicitor. There are numerous tasks you as the buyer could do to get moving sooner, such as, contacting your solicitor regularly, promptly answering your solicitor's questions and arranging your mortgage offer.

Q.

What particular property searches will the Radford property solicitor get for a Radford property?

A.

Normal legal protocol will be to get the following Local Authority (personal or official), Drainage Search, Environment Search and Gypsum Mining and occasionally particular searches, like Index Map Search.

Q.

How is Stamp Duty Land Tax calculated, and what should it be on a £1058000 home?

A.

The Stamp Duty you pay will depend on the purchase price. For a house purchased for £1058000, the rate will be £52900 (source: www.hmrc.gov.uk, November 2012).

 
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