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Transfer of Equity in South Woodford

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 South Woodford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 29/11/16

Drivers are well served with South Woodford enjoying good motorway access roughly a mile of Junction 4 Northbound of the M11.

South Woodford's closest station is Wood Street. South Woodford's closest airport is London City Airport (6 miles). Heathrow Terminals 1 2 3 Airport is 22 miles, London Heliport Airport is 13 miles, Heathrow Terminal 5 Airport is 24 miles, Heathrow Terminal 4 Airport is 23 miles, Northolt Jet Centre Airport is 19 miles, Elstree Airport is 16 miles, London Biggin Hill Airport is 19 miles and Stansted Airport is 23 miles away.

Ilford, Roding is the most convenient hospital.

Q.

Please confirm the cheapest fee for a £742,000 property? I am looking for an affordable conveyancing estimate.

A.

Various firms offer so-called cheap conveyancing. However additional costs can inflate your solicitor's invoice. Any extra costs which are listed in terms and conditions needs to be reasonable and clear. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

Property lawyers in South Woodford order formal searches if acting for a buyer - which specific searches?

A.

When taking out a mortgage the lender insist that at least specific searches, including the following Local Authority, Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps less common searches, which might include Anti Money Laundering Search.

Q.

What are the alternatives if buying a converted flat inside a Redbridge local authority designated conservation area ?

A.

Part of conveyancing for buyers involves ordering of LLC1 searches of Redbridge local authority to establish conservation area status and the requisite consent for alterations. If no appropriate permissions be produced, your South Woodford conveyancer will inform you of the best alternative like taking out an indemnity policy or obtaining retrospective consent.

Q.

Which local authority is responsible for South Woodford?

A.

South Woodford is located in London Borough of Redbridge Council, PO Box No2, Town Hall, 128- 142 High Road, Essex, IG1 1DD, phone: 020 8554 5000

Q.

I am on a very limited budget. Will doing the conveyancing myself without a South Woodford solicitor possibly save any cash?

A.

Theoretically there is absolutely no reason why you shouldn't take care of he legal process without assistance. However, a South Woodford lawyer handles a significant number of jobs e.g. liaising with the insolvency office for k15 entries or registering the new title owner many of which need training.

Moreover solicitors firms are obligated to carry sufficient professional indemnity insurance in order to protect you in the event of failures made by the lawyer.

Q.

We want to find extra fast South Woodford conveyancing solicitors - is that your solicitors?

A.

Too many home moving solicitors may be dilatory which causes additional anguish to the house conveyancing process. We always work with conveyancers who are selected because they attempt to communicate by phone and email through every part of the buyer and seller chain .

Furthermore , Homeward Legals home moving lawyers are actually chosen because they use expensive integrated and IT systems to exchange on your house move fast.

Q.

What kind of exploration in respect to the potential risk of floods in the Redbridge region will a property lawyer in South Woodford advise on?

A.

A critical step in the legal due diligence process of purchasing a property involves your lawyer conducting environmental searches that set out certain details on the local South Woodford flood risk.

Q.

We are buying on a South Woodford former industrial site. It appears that caesium soil contamination may be an issue.

A.

There are extensive regulations in place in order to limit soil contamination. Data on many contaminants, such as groundwater contaminants like oil, will be included in an environmental search.

 
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