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Transfer of Equity in Stretford

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 Stretford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

The closest station to Stretford is Trafford Park, about a mile away. Eccles, Barton Aerodrome Airport is 4 miles from Stretford. Liverpool John Lennon Airport is 24 miles, Manchester Terminals 1 & 3 Airport is 6 miles, Manchester Terminal 2 Airport is 6 miles and Eccles Airport is 4 miles away.

Drivers are well served with Stretford enjoying very good major road access nearby at approximately a mile of Junction 7 Westbound of the M60.

Stretford Memorial Manchester is the closest hospital to Stretford.

Q.

How do I get the best conveyancing rates in Stretford for a £744,000 residence?

A.

Various solicitors claim to offer supposedly 'the cheapest conveyancing'. Unfortunately additional costs are frequently hidden in the terms and conditions. Excited homeowners, eager to get underway, often ignore this small print when they instruct. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

If I am buying in Stretford near a church constructed in the 1600s, will I need a chancel liability search?

A.

The result of a landmark case in 2003 reaffirmed that 'lay rectors' of property must subsidise church repairs. Several sources are used to determine liability in Stretford, including local maps. Ecclesiastical properties in the local area where chancel liability may apply include All Saints, St Matthew's and St Peter.

Q.

Do we need to plan for gazumping?

The practice of rejecting an offer which has been accepted after a second buyer has made a better offer is called gazumping. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a danger of gazumping. Instructing a conveyancing solicitor as soon as you can is a key first step to reducing this risk.

Q.

My wife and I are purchasing in Stretford. Can I verify if the property is in a conservation area?

A.

Conservation areas define areas of 'special architectural and historic interest'. The local authority will be able to advise further about local conservation areas, and the conveyancing lawyer handling your purchase will discuss the relevant responsibilities.

Q.

Can you recommend how to defer paying for stamp duty to HM Revenue?

A.

Stamp Duty Land Tax (SDLT) commonly must be paid for property purchases sold for more than one hundred and twenty-five thousand pounds. Homeward Legal firmly advise against any stamp duty mitigation scheme. Such schemes are expensive and the HMRC can review a scheme up to 6 years after a sale is completed .

Q.

Which environmental factors can affect land in Stretford?

A.

Land would be contaminated by many factors caused by man and by nature, and factors like local waste transfer sites or shallow mining will be reported on in environmental search results.

Q.

How do we calculate stamp duty, and what should we budget for a £751000 residential property?

A.

Stamp Duty Land Tax is dependent on the valuation. It is £30040 on a £751000 house in Stretford.*

*Source: www.hmrc.gov.uk, 17/02/2013

Q.

Do you work with many mortgage lenders with offices in Stretford?

A.

We have worked with the majority of lenders. A number of mortgage specialists operate in Stretford, like More Morgage Solutions Ltd, 145 Barton Rd, Stretford, Manchester, M32 8DN.

 
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