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Transfer of Equity in Rothley

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 Rothley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Local points of interest in Rothley

Watermead (North) Leics Country Park and Bradgate South Car Park Country Park are in Rothley.

Sileby train station is around 2 miles from Rothley. East Midlands Airport is 11 miles from Rothley. Tollerton Airport is 15 miles away.

The neighbouring hospital for Rothley is Gorse Hill Leicester.

Q.

How do we find the best conveyancing rates for a £704,000 property?

A.

Confusion over this point catches out many buyers, and can leave them paying far more in fees than they budgeted. Many firms purport to offer 'the cheapest conveyancing quotes'. However additional charges can increase the final bill. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

The estate agent we are using in Bethesda has named the conveyancing solicitor who they generally use. Is it a good idea to instruct them?

A.

Agent referrals are a common practice way to find a solicitor. 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 the most suitable for you.

Q.

My partner and I are buying in Rothley. Can we establish whether the residence is in a conservation area?

A.

Locales deemed to be of historical merit, such as country house estates, will be recognised as areas of conservation. The council will offer more information about local areas of conservation, and the lawyer handling your purchase will discuss the relevant responsibilities you would be taking on by purchasing in a conservation area.

Q.

What is the council tax on a Fifties semi-detached Band D property in Rothley?

A.

You should be give detail your new property's council tax band as part of the title report. Correct charges for residents of Rothley are detailed at the Charnwood council site. As of 07 March 2013 rates for all bands are:

  • Band A - £977.00
  • Band B - £1,139.00
  • Band C - £1,302.00
  • Band D - £1,465.00
  • Band E - £1,790.00
  • Band F - £2,116.00
  • Band G - £2,442.00
  • Band H - £2,930.00

Q.

Flood searches may be all well and good but with recent events such as the serious flooding in Sept 2012 in the East Midlands are they comfort enough to investigate sufficient information about the changing Rothley area flood risk?

A.

A qualified Rothley solicitor will include environmental searches from Landmark if the standard conveyancing searches spots a significant risk Rothley flood risk.

You can also converse with a neighbour for additional added information.

Q.

We are buying on a Rothley brownfield site. Can the soil still be contaminated?

A.

Most soils in Rothley have some degree of contamination, from industry and natural causes. The local authority for Rothley will be able to provide more detail on cases of contamination.

Q.

Can you suggest how to avoid paying SDLT rates?

A.

We do not advise buyers arrange any stamp duty mitigation scheme. Such schemes are expensive and the HMRC can review a scheme up to 6 years after a sale is completed .

Q.

Which local authority is responsible for Rothley?

A.

Rothley is located in Charnwood Borough Council, Council Offices, Southfields Road, Loughborough, LE11 2TN, contact: 01509 263 151

 
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