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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: 20/01/17

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.

If I am buying in the parish of Haggerston St Mary, will we need a chancel search?

A.

Your solicitor instructed to handle the transaction could recommend a chancel search. Although some Parochial Church Councils (PCCs) have opted to impose chancel repairs on the owners of land subject to chancel liability, there is no way to be certain that a parish where dues have not recently been paid will continue to be unaffected.

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.

I am buying in South Woodford. How do I check that the house is in a designated conservation area?

A.

Conservation areas recognise neighbourhoods of 'special architectural and historic interest'. The local council will offer more information about local conservation areas, and the conveyancing lawyer handling your purchase will discuss the relevant responsibilities.

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.

What can contaminate land in South Woodford, and should they be a problem?

A.

Many of contaminants caused by factors caused by man and by nature may reduce the value of land in South Woodford. Contaminants including other land contamination will be reported on in environmental search results.

Q.

Which lender panels in South Woodford are you on?

A.

We are able to work with the vast majority of lenders registered with the Council of Mortgage Lenders. A number of mortgage specialists operate in South Woodford, like Mortgage Monitor Ltd, 1 Raven Rd, London, E18 1HD, Mortgage Choice Direct Services, 41 High Rd, London, E18 2QP, and Alexander Fox Ltd, 3 The Shrubberies/George La, London, E18 1BD. Your solicitor will be able to provide more information.

Q.

How many weeks will conveyancing legal work require in South Woodford?

A.

The time required to transact a property is not wholly predictable, according to numerous legal considerations which can include whether it is a leasehold property being transferred. For most firms in England and Wales, the average is between 8 to 12 weeks, whereas our solicitors aim for faster conveyancing, driving the transaction to complete within 6 to 8 weeks.

 
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