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Transfer of Equity in Reigate

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 Reigate

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 22/01/17

Local data:

The closest airport to Reigate is Gatwick North Terminal Airport. Heathrow Terminals 1 2 3 Airport is 20 miles, London City Airport is 22 miles, London Heliport Airport is 17 miles, Heathrow Terminal 5 Airport is 21 mile s, Gatwick South Terminal Airport is 6 miles, Heathrow Terminal 4 Airport is 19 miles, Northolt Jet Centre Airport is 24 miles and London Biggin Hill Airport is 12 miles away. Reigate Station station is around a mile from Reigate.

Motorists are well served with Reigate ideally situated with good motorway access about 1.5m of the M25 Junction 9 Westbound.

East Surrey is the neighbouring hospital.

Q.

We are looking for a discount conveyancing quote. What do I need to check for?

A.

This catches out many buyers, and can leave them paying far more in fees than they budgeted, and many solicitors offer 'the cheapest conveyancing quotes'. However additional costs can inflate the solicitor's invoice. Additional fees found in your solicitor's terms should be fair and reasonable. Your conveyancing quote should, in addition, define costs to be paid to third parties, e.g. the Land Registry, (disbursements).

Q.

Reigate solicitors get formal searches when instructed to act for a home buyer - what actual ones?

A.

If you are getting a mortgage the mortgage lender requires you to a solicitor to get at least a specified set of searches, including these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps special local Reigate searches for instance HS2 Search.

Q.

We plan to purchase a rectory in the parish of Little Bookham. Is a chancel search required?

A.

Regardless of the Reigate parish in which you are purchasing, the solicitor could advise that a chancel search be taken out. In Reigate's much older areas, chancel repair has the potential to be charged on current owners of a home where parish councils may have spared previous owners or tenants. For property in the parish of Little Bookham, it is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

Are there companies who remediate contaminated soil in Reigate?

A.

Remediation can often be possible, although it can be expensive. For more insight, contact Green Intentions Ltd, Woodstock Cottage/1 West Rd, Reigate, RH2 7JU.

Q.

What will affect land in Reigate. Will they be comprehensively investigated?

A.

Land in Reigate may have been contaminated by a range of natural causes, and an environmental search will confirm that a property can be impacted by contaminants in Reigate including nearby electrical substations and waste disposal sites. Contamination can be caused by Reigate waste sites, including Land adjacent to Junction 8, M25, Reigate, RH2.

Q.

What should we do regarding cadmium (Cd) soil contamination in Reigate?

A.

Policies are in place to control pollution, waste, water and chemical contamination. Various bodies hold data on land contaminants affecting Reigate, including local authorities.

Q.

How long does be planned for conveyancing legal work require?

A.

The amount of time required to transfer a residence does vary. This is based on a number of issues such as when a third party is slow to respond. The national average is 8 to 12 weeks, we however drive the process forwards, completing within eight weeks.

Q.

What are 'conveyancing searches'?

A.

Searches are standard enquiries carried out on behalf of the purchaser. Searches are not surveys and will not identify structural issues.

 
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