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Transfer of Equity in Taverham

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 Taverham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 18/01/17

Taverham's closest station is Norwich at 6 miles and the closest airport to Taverham is Norwich International Airport.

Hellesdon Norwich is the neighbouring hospital to Taverham.

Q.

Can you confirm your cheapest fee for a 289k property? I need a fixed rate conveyancing quote.

A.

Many firms advertise so-called 'the cheapest conveyancing'. Often additional costs are often hiding in the terms of engagement. Excited sellers and buyers, eager to get underway, often ignore this small print when they instruct. Any disbursements to be paid ought to be defined on your quote Any additional charges listed in the solicitor's terms should be reasonable and only apply to matters if your solicitor must complete work beyond standard conveyancing , which could not be anticipated at the start of the process. The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

Taverham property solicitors conduct necessary conveyancing searches when instructed to act for a property buyer, what specific searches?

A.

When applying for a mortgage the building society of bank requires you to the following Local Authority Search, Drainage and Water Search (CON29DW) and Environmental and perhaps area-specific searches, which might include Land charge Searches.

Q.

As a result of the fact that an estimated 2 8m people are at risk from surface flooding we are wondering whether property environmental searches won't be thorough enough?

Environmental searches conducted by a Taverham property lawyer will include a far more in depth search (Landmark) if the risk warrants it.

If you are still concerned consider contacting a next door neighbour.

Q.

How is stamp duty calculated and what should it be on a £671k residential property?

A.

The rate of stamp duty payable will depend on the purchase price of the home. Stamp duty will be £26840 on a £671k property.*

*Correct as of February 2013

Q.

What environmental concerns can affect land in Taverham?

A.

Many of contaminants caused by environmental concerns may seriously affect land in Taverham, like local historic industrial processes. An environmental search will give more detail.

Q.

Should we order a chancel search if I plan to buy in the parish of Barford, near Taverham?

A.

A conveyancing lawyer might recommend a chancel search, irrespective of the parish where the house being bought is located. Chancel repair dues can be collected on new owners of a house where church councils have previously chosen not to do so. For property in the parish of Barford, it is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

We are buying a renovated building in one of the conservation area in Taverham, where does one locate information about the standard of repair?

A.

English Heritage, a government body, administer information in relation to the condition (poor to good) of conservation areas along with the vulnerability to a decline in standards. Local conservation areas are set up by Broadland who administer everything from upkeep of paths to the inhibition of modern telephone boxes.

Q.

Our estate agent in North Walsham has put forward the property solicitor. Do I need to use this firm?

A.

Many estate agents have referral deals with solicitors whereby they refer conveyancing work to them. If the agent is paid a referral fee, however, an agent may select the firm which pays to the largest referral fee, not the most suitable for you.

 
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