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Transfer of Equity in Southwark

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 Southwark

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 06/12/16

Southwark attractions

Brixton London Windmill, London National Portrait Gallery Art Gallery and Temple Middle Temple Hall Historic Building are in the vicinity of Southwark.

Commuters are well catered for with Southwark situated with good road access close at approximately 2 miles of the A40M.

Charing Cross station is about 1 mile from Southwark and the closest airport to Southwark is London City Airport. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 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 14 miles and London Biggin Hill Airport is 14 miles away.

The most convenient hospital for Southwark is Royal London Homeopathic.

Q.

On the purchase of a £796,000 house, what will be the fees? We are looking for affordable conveyancing.

A.

Misleading conveyancing quotes catch out many sellers and buyers, leaving them to pay sometimes £100s more than planned. Many law firms advertise supposedly 'the cheapest conveyancing quotes'. Often additional charges may increase the final invoice. Feeswhich are listed in the terms needs to be reasonable.

Q.

How much will the cost of searches be?

A.

The cost of conveyancing searches significantly varies, depending on the searches chosen. The most generally useful searches include an environmental search and a drainage search.

Q.

Could uranium (U) contaminate land in Southwark?

A.

Given the history of industry and agriculture in parts of Southwark, soil contamination cannot be totally avoided. Environment search results will factor contaminants, including metals and others such as water contaminants such as sewage and polychlorinated biphenyl (PCBs).

Q.

Is it possible that some of the Southwark conservation areas are in poor condition?

A.

The directory of the state of conservation areas is assessed by English Heritage and the following details are available at the English Heritage website- St Georges Circus marked as very bad with low vulnerability and condition improving.

Q.

Should I get a chancel search if we are buying in Southwark?

A.

As a result of chancel repair liability, the owners of property in Southwark which was once owned by a 'lay impropriators' can be liable for repairs to nearby church property. After the passing of an Act in 2002, interest over any affected land in Southwark must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Southwark ecclesiastical properties include Cathedral, Christ Church, St Alphege and St George the Martyr.

Q.

Our estate agent has suggested a property lawyer. Do I need to use them?

A.

Many estate agents will have referral deals with solicitors whereby they refer work. Such referrals must be carefully considered, as an agent may select the firm which pays to the largest referral fee, not the best value for you.

Q.

We are buying a property where the seller appears to have fitted cladding on the building which we think might violate the St Georges Circus conservation area guidelines.

A.

A property solicitor should confirm whether the property is within a designated conservation area, and if so, whether any alterations have essential consents from the City of London planning authority.

Q.

Which environmental factors will impact land in Southwark, and are they checked for comprehensively?

A.

Southwark property could be contaminated by a range of natural and human-influenced issues, like sand or clay quarries and other land contamination. An environmental search will reveal this in more detail.

 
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