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Transfer of Equity in Rednal

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 Rednal

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Local data:

Drivers are well catered for with Rednal situated with good motorway access very close at approximately 2m of Junction 4 Northbound of the M5.

Longbridge station is almost a mile from Rednal and the closest airport to Rednal is Birmingham Airport. Coventry Airport is 23 miles, Wolverhampton Business Airport Airport is 14 miles and Defford Airport (disused) Airport is 22 miles away.

West Heath Kings Norton is the most convenient hospital for Rednal.

Q.

Do all cheap conveyancing quotes have extra fees? We need a fixed rate conveyancing estimate.

A.

Both high-street and online conveyancers purport to offer supposedly 'the cheapest conveyancing quotes'. Unfortunately additional charges will be included in the terms and conditions. Any fees included in terms and conditions needs to be reasonable.

Q.

We have a home to purchase. How do we aim for a fast conveyancing process?

A.

Many buyers will, correctly, argue that fast Rednal conveyancing is essential to instruct a proactive, diligent solicitor. When choosing a solicitor, you should ask the following: Are they 'no move, no fee'? This can incentivise a faster transaction. Was there a delay delivering a quote? Do they use email?

Q.

When do you need to instruct a conveyancer to handle our transaction?

A.

Whether buying or selling, earlier is preferable, as the legal work can start straight away. Some sources suggest waiting before instruction until the offer is accepted, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.

Q.

What do we need to know if we buy a flat in a Birmingham local authority conservation area ?

A.

An integral part of the due diligence for buyers involves carrying out searches of Birmingham council to see conservation area status and the required consent for changes. .

Q.

We are purchasing a Rednal house with Yorkshire Building Society - is there anything I need to be aware of?

A.

Buyers should be aware that, over the last two years, some lenders have opted to reduce the size of their 'solicitor panel'. For property buyers, this can result in significantly increased legal costs. Homeward Legal can act for all major mortgage lenders so that you will not be required to pay your lender's legal costs.

Q.

How much can our conveyancing searches cost?

A.

The cost of searches does vary significantly, and will be dependent on your lender's requirements. Conveyancing searches are paid out to a 3rd party, and will be charged at cost.

Q.

What is the council tax on a semi-detached property in Rednal?

A.

Normally the conveyancing report on title should give information the relevant Birmingham council tax band. The correct charges for residents of Rednal are detailed on the Birmingham local authority site. At the time of writing, 27/09/2012, rates for all bands are:

  • Band A - £841.00
  • Band B - £981.00
  • Band C - £1,121.00
  • Band D - £1,261.00
  • Band E - £1,542.00
  • Band F - £1,822.00
  • Band G - £2,102.00
  • Band H - £2,522.00

Q.

How can I uncover more information on the conservation areas in Rednal?

A.

Following a campaign, English Heritage have conducted a survey and created details in relation to the state of repair of conservation areas in Rednal and throughout England along with the risk of standards slipping. Local Rednal conservation areas for instance street furniture, non sympathetic doors or neon signs are handled by Birmingham.

 
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