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Transfer of Equity in Streatham

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 Streatham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/01/17

The closest station to Streatham is Streatham. Streatham's closest airport is London City Airport. 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 19 miles, Gatwick North Terminal Airport is 19 miles, Heathrow Terminal 4 Airport is 14 miles, Northolt Jet Centre Airport is 15 miles, Elstree Airport is 18 miles and London Biggin Hill Airport is 10 miles away.

Springfield University Tooting Bec is the closest hospital to Streatham.

Q.

How do I get the best rates for conveyancing for a £587,000 home?

A.

Misleading conveyancing quotes catch out many buyers, leaving them to pay sometimes £100s more than planned. Many solicitors claim to offer 'the cheapest conveyancing quotes', but additional costs will be included in the small print. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

Which local authority looks after Streatham?

A.

Streatham is located in London Borough of Lambeth Council, Town Hall, Brixton Hill, London, SW2 1RW phone: 020 7926 1000

Q.

I am buying a £646000. What should be assessed for Stamp Duty Land Tax rates?

A.

SDLT is calculated based on the purchase price of the property. For a house or flat purchased for £646000, stamp duty is £25840 (information correct December 2012).

Q.

How do I defer paying for stamp duty in Streatham?

A.

Stamp duty usually must be paid on home purchases over 125,000 pounds. Stamp duty mitigation scheme should be treated with extreme caution. Such schemes are costly and often likely to fail.

Q.

We are buying a restored chapel in the parish of St George Hanover Square. Will a chancel search be needed?

A.

Regardless of the Streatham parish you are buying in, the conveyancing solicitor might recommend that a chancel search is ordered. Chancel repair dues can be collected on the current owners of a property where Parochial Church Councils have not imposed the same liability on the last owners, so indemnity insurance may be advisable even if liability is unlikely.

Q.

My partner and I are buying in Streatham. Can I verify that the property is in a conservation area?

A.

Areas considered to be of historical or architectural value, like stretches of canals, may be recognised as areas of conservation. These restrictions can make repairs more costly or time-consuming, but the benefits include protection for trees and other flora.

Q.

Does the conveyancing solicitor in Streatham order any property conveyancing searches on the London Victorian terraced property I am buying?

A.

If you are obtaining a mortgage the mortgage lender requires you to a solicitor to get at least specific searches, including the following for properties in Streatham: Local Authority (personal or official), Drainage Search (Con29DW) and Environment Search and occasionally specific local Streatham searches for example Subsidence report.

Q.

To complete on our purchase ASAP, how can we organise fast conveyancing?

A.

As is often reported, moving faster is key to instruct a experienced solicitor. When choosing a solicitor, consider these points: Did you experience any delays when requesting a quote? Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed. Do they work on a 'no sale, no fee' basis?

 
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