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Transfer of Equity in Seven Sisters

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 Seven Sisters

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

Local travel information:

Neath train station is almost 8 miles from Seven Sisters. Swansea Airport is 19 miles from Seven Sisters.

Ystradgynlais Community is the closest hospital for Seven Sisters.

Q.

We need a cheap solicitor to sell a auction house. Will I get a quote or and estimate?

A.

Several conveyancers claim to offer so-called cheap conveyancing quotes. Unfortunately additional fees will be included in the solicitor's terms of engagement. Additional fees should be fair and clearly defined and come into force only if the conveyancer must perform additional tasks , which could not be anticipated at the start of the process. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

What will impact land in Seven Sisters, and should they be an issue?

A.

Residential property could be contaminated by numerous environmental factors. Contaminants such as waste treatment sites in the area or environmental radon sources should be considered as part of the appropriate search.

Q.

It seems that chromium soil contamination may be an issue in Seven Sisters. Please advise.

A.

There are comprehensive regulations to curtail soil contamination. Other sources of contaminated land include groundwater contamination.

Q.

What actions can we take to hold off paying out for HMRC stamp duty?

A.

Stamp duty reduction is not recommended, as such schemes are often uneconomical and can be very unlikely to succeed.

Q.

Are your property lawyers able to move quickly on the conveyancing for auction properties in Seven Sisters?

A.

Indeed we specialise in auctions and often work for buyers and sellers at auction. It is sensible for purchasers to appoint a CQS lawyer as early as possible to allow enough time for a thorough review of the lot in advance of the property auction.

Following the auction day a property conveyancing lawyer has to be fully prepared to conclude the transaction inside 28 days, a requirement of standard auction conditions.

Q.

How is stamp duty measured in Seven Sisters and what will we need to pay on a £276000 residential property?

A.

Stamp Duty Land Tax is calculated with reference to the value of the house or flat. Stamp duty will be £8280 on a £276000 residential property in Seven Sisters.*

*Correct May 2012

Q.

Will we need to get a chancel liability search? I am buying a Seven Sisters house by priory grounds.

A.

Some owners in Seven Sisters can be required to contribute towards the cost of upkeep of local churches. A number of sources are used to identify liability, including parish archives.

Q.

What length of time will we account for conveyancing legal work require?

A.

For the majority of property purchasers, the length of time required to transact property will vary. This is affected by a number of issues which may affect the property, such as if a property is leasehold or freehold. With our solicitors, every sale receives fast and efficient service.

 
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