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Transfer of Equity in Teddington

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 Teddington

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Teddington's nearest airport is Heathrow Terminal 4 Airport (5 miles). Heathrow Terminals 1 2 3 Airport is 7 miles, London City Airport is 18 miles, London Heliport Airport is 8 miles, Heathrow Terminal 5 Airport is 8 miles, Farnborough (TAG London) Airport is 22 miles, Gatwick South Terminal Airport is 21 mile s, Gatwick North Terminal Airport is 20 miles, Northolt Jet Centre Airport is 10 miles, Elstree Airport is 16 miles, White Waltham Airport is 20 miles, Blackbushe Airport is 24 miles, London Biggin Hill Airport is 17 miles and Booker Airport is 24 miles away and the nearest station to Teddington is Teddington, almost a mile away.

Q.

Teddington area information

A.

Ham House National Trust , Wimbledon London Windmill, Marble Hill House English Heritage and Esher St George Churches Conservation Trust are close at hand to Teddington.

The closest hospital to Teddington is Teddington Memorial.

Q.

What do you charge for the legal fees on a £213,000 property? We need to find affordable conveyancing in Teddington.

A.

Various conveyancers claim to offer theoretically cheap conveyancing. However additional charges can inflate your solicitor's invoice. Any costs listed in terms of engagement should be fair and clearly defined. Any disbursements should be included on your conveyancing quote. The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Does homewardlegal.co.uk look after the conveyancing of auction properties in Teddington?

A.

We are used to working with residential property auction conveyancing. Our auction team property solicitors have acted for many buyers and sellers at local property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Sensible buyers at auction know to choose the conveyancing lawyer as ahead of time as possible to allow sufficient time for an investigation of the legal papers

prior to the day of the auction. Subsequently, immediately after the auction day arrives a prepared lawyer should be ready for complete the transaction in under 4 weeks as conventionally required by the terms of sale.

Q.

Is a home buyers survey necessary when we are buying a property, irrespective of its condition?

A.

It is recommended that all buyers in Teddington arrange a home surveyor to carry out a survey. Buyers should be aware that there are many problems that have a negative impact on a property, such as cracks in walls and cracked roof tiles.

Q.

What can contaminate land in Teddington, and should they be a concern?

A.

A wide range of contaminants may damage land in Teddington, like nearby electrical substations. An environmental search should offer more information.

Q.

Will the form for fixtures and fittings list items like electric or gas fires?

A.

Mainly, fixtures are fixed elements, such as shelving to the property, whereas fixtures are free-standing. To avoid misunderstandings, a fixtures and fittings form should be agreed and will save considerable frustration later.

Q.

Our lender will be Northern Rock, is there anything I need to check?

A.

Traditionally, almost all conveyancing solicitors could act for the large mortgage lenders. Over the last two years, some lenders are now reducing the size of their 'solicitor panel', resulting in increased conveyancing costs for home buyers in cases where the conveyancing solicitor cannot act for their lender, and another must also be instructed. Homeward Legal, however, will act for the majority of UK mortgage lenders so that the buyer will not have to pay your lender's legal costs.

Q.

We are buying on a Teddington former industrial site. Can the top-soil still be contaminated?

A.

Teddington industry and natural causes can cause soil contamination. The local authority for Teddington will be able to provide more detail on cases of contamination.

Q.

Can I bypass paying stamp duty?

A.

Homeward Legal do not recommend clients risk any stamp duty scheme, as such schemes are highly expensive and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty tax may be payable. There have been certain legitimate initiatives, however, such as relief for buyers in 'disadvantaged areas'.

 
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