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Transfer of Equity in Shrewsbury

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 Shrewsbury

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

As calculated by the 2011 national census Shrewsbury's population is 342,140 spread over an area of 1,500,094 acres (607,068 hectares) meaning a density of population of 0.2 people per acre (0.6 per hectare).

The nearest airport to Shrewsbury is Trehelig, Welshpool Airport. Trehelig Airport is 18 miles and Wolverhampton Business Airport Airport is 25 miles away. Shrewsbury's nearest train station is Shrewsbury at 1 mile s.

The nearest hospital is Nuffield Shrewsbury.

Q.

How do we get fixed rate conveyancing?

A.

This catches out many property buyers and sellers, and can leave them paying far more in conveyancing fees than they budgeted. Many solicitors claim to offer so-called 'the cheapest conveyancing quotes', but additional costs can increase the final invoice. Any extra fees should be reasonable. The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

Of the major Shrewsbury lenders, who is on your panel?

A.

Most lenders in Shrewsbury are on our Shrewsbury solicitors' panel. Local mortgage lenders and brokers include Principality Building Society, 2 The Sq, Shrewsbury, SY1 1LA, St James's Place, Willow House West/Sitka Dr/Shrewsbury Business Pk, Shrewsbury, SY2 6LG, and A-Z Mortgages Ltd, Besford Lodge/59a Belle Vue Rd, Shrewsbury, SY3 7LX.

Q.

Environmental searches may be standard procedure for home buyers but when one considers climate change e g the major flooding in 2012 in the Midlands are they sufficient to advise on sufficient information about the Shrewsbury area flood risk?

A.

Flood searches conducted by your conveyancer in Shrewsbury will also include the far more specialist flood search if it is felt necessary.

It may be prudent to also converse with a local resident to get further peace of mind or local Shropshire flood damage business, for example: D & G Richards Ltd, Burntcroft House, Annscroft, Shrewsbury, SY5 8AN Tel: 01743 860044.

Q.

When in the process do I need to speak to a conveyancer in Shrewsbury?

A.

Simply, instructing as soon as possible is wise, as conveyancing involves a number of tasks that can be performed immediately. A number of sources recommend postponing instruction until an offer has been firmly agreed, but opting to delay can jeopardise your sale or purchase.

Q.

For a property valued at £165000, how is stamp duty tax calculated?

A.

The Stamp Duty you must pay will depend on the house or flat's value. It will be £1650 on a £165000 property.

Q.

Unforeseen circumstances mean we want to exchange on the sale of our auctioned maisonette asap, do Homeward Legal introduce any fast Shrewsbury conveyancing solicitors ?

A.

Regularly home moving solicitors are slow which brings even more anguish to the property moving process. Homeward Legals solicitors are proactive and endeavour to communicate to the whole buyer and seller chain and that use new document and form assembly systems to drive through your sale to your preferred move date.

Q.

My wife and I are interested in purchasing a building in Shrewsbury. How can we check that the building is in a conservation area?

A.

With 9300 such areas listed in England, the areas in or near Shrewsbury include numerous conservation areas. Your conveyancing solicitor will be able to advise further and discuss the relevant responsibilities, regarding specific conservation areas in Shrewsbury.

Q.

We are buying in Shrewsbury on a new development former industrial site. Is the soil possibly contaminated?

A.

There are laws in place to curtail soil contamination. Metal contamination of soil in Shrewsbury is more likely to occur near ex-industrial sites or ex-landfills. Data on other contaminants, like organohalides, will also be included in an environmental search.

 
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