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Transfer of Equity in Soho

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 Soho

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 12/01/17

The nearest train station to Soho is Charing Cross, around a mile away. London City Airport is 8 miles from Soho. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 16 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 13 miles and London Biggin Hill Airport is 15 miles away.

Motorists are well catered for with Soho having good major road access about 1.4 miles of the A40M.

Q.

Soho attractions and landmarks

A.

Brixton London Windmill, London National Portrait Gallery Art Gallery and London The National Gallery Art Gallery are in the vicinity of Soho.

The closest hospital to Soho is Royal London Homeopathic.

Q.

How do we get a discount conveyancing quote?

A.

Many property lawyers advertise so-called 'the cheapest conveyancing quotes'. Often extra costs are often hiding in small print. These terms are often ignored by excited buyers, eager to get underway. Any extra costs needs to be fair. They be applied only where your solicitor is required to complete unexpected extra work for you, which could not be anticipated at the start of the process. Our online calculator will create an accurate quote for your buy.

Q.

I am concerned about the council tax amounts on a Thirties end of terrace property in Soho, how much are they?

A.

Typically a conveyancer's title report will contain the appropriate Westminster council tax band. Correct rates for properties in Soho are set out on the Westminster local authority website. At the time of writing on 24 December 2012 the rates are:

  • Band A - £456.00
  • Band B - £533.00
  • Band C - £609.00
  • Band D - £685.00
  • Band E - £837.00
  • Band F - £989.00
  • Band G - £1,141.00
  • Band H - £1,369.00

Q.

We are buying on a Soho ex-industrial use land. Could the soil be contaminated by industrial waste like nickel?

A.

Restrictions exist to prevent future topsoil contamination, but some existing contaminants can reside for decades after exposure. Metal contamination of topsoil in Soho is more likely to occur near landfill sites. Data on other contaminants, like industrial storage and groundwater contamination, will also be included in an environmental search.

Q.

We are completing in July. How is stamp duty rates worked out?

A.

The Stamp Duty you pay will depend on the value of the house. On a £243000 house, stamp duty will be £2430.

Q.

Which issues are key to ensure a fast exchange and completion?

A.

Contacting a experienced conveyancer is crucial to faster conveyancing. When choosing a conveyancer, : Do they use email? Will they work on a 'no sale, no fee' basis? Do they offer 'instant' online quotes?

Q.

Which local authority is responsible for Soho?

A.

Soho is located in Westminster City Council, PO Box 240, Westminster City Hall, 64 Victoria Street, London, SW1E 6QP Tel:

Q.

Does your firm specialise auction conveyancing in Soho?

A.

Yes - Our company is able to work with residential property auction procedures. Regularly hard to value properties for example structurally defective property, are included in property auctions which need supplementary. We therefore strongly recommend purchasers to decide on a SRA regulated solicitor prior to the auction day to allow adequate time for a full report of the sellers documents. Subsequently, following the date of the auction, your property conveyancing lawyer needs to be ready for complete the conveyancing in less than 28 days after exchange of contracts as usually required by the terms of sale.

Q.

Should you get a chancel search? I am purchasing a property close to a priory built in the 16th Century in Soho.

A.

Repair costs resulting from chancel liability can total hundreds of thousands of pounds. Insurance may be available to protect a buyer should a Soho Parochial Church Council enforce liability. Soho ecclesiastical properties include St Anne's Curch.

 
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