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Transfer of Equity in Telford

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 Telford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

As confirmed by the most recent census (2011), Telford's population is 212,061 spread over an area of 200,195 acres meaning a residential population density 1.1 people per acre.

Wolverhampton Business Airport Airport is 14 miles from Telford. and Telford Central train station is approximately a mile from Telford.

Motorists are well catered for with Telford enjoying excellent major road access around 1/2 mile off the M54 Junction 5 Eastbound.

Q.

Local Telford attractions

A.

Telford Shrop Windmill, Stirchley St James Churches Conservation Trust and Buildwas Buildwas Abbey English Heritage are around Telford.

The nearest hospital is Princess Royal, Telford.

Q.

How can we ensure our cheap quote is fixed? We are trying to find a discount conveyancing quote.

A.

This catches out many sellers and buyers, and can leave them paying far more in fees than they budgeted, and many firms advertise 'the cheapest conveyancing quotes'. Unfortunately additional costs are frequently hidden in the solicitor's terms of engagement. Your conveyancing quote must also state costs to be paid to third parties, like the local authority, (disbursements). Any additional fees listed in terms of engagement needs to be reasonable.

Q.

Handling the legal work without the support of a Telford property solicitor is becoming possible when buying and selling a flat but would it actually be foolhardy ?

A.

Technically, there is no reason at all why you cannot complete the your own conveyancing on your own. In reality however, a lawyer in Telford juggles a huge array of assignments such as chasing deeds and DS1 documents or identifying conservation area breaches most of which require experience. Moreover solicitors firms are under a duty to have relevant insurance to insulate you from any losses you encounter.

Q.

Unforeseeable circumstances mean we have to exchange contracts on the sale of our leasehold apartment very quickly, do you any property auction specialist especially fast Telford solicitors ?

Often property solicitors are very ponderous adding large amounts of anguish to the home legal process.

Homeward Legals approach is different - we always use the latest local authority and land registry integrated systems . Crucially we give you a SRA regulated solicitors qualified to communicate from the start to the end of the home buyer and seller chain .

Q.

If a contaminated plot is found in an Telford environmental search, can the soil be easily remedied?

A.

Where property in Telford has been contaminated, remediation is possible is some cases, but costly. Contact a Telford specialist such as Pitchcare.Com, Allscott Pk, Allscott, Telford, TF6 5DY for more insight.

Q.

As a consequence of the widespread flooding in 2012 in the Midlands, I am questioning if flood searches might not be thorough enough?

A.

Environmental searches applied for by your property solicitor in Telford should also include the far more detailed flood search if required.

You can also get in touch with a neighbour of the property to gain added peace of mind or local Shropshire flood damage expert - e.g. Rainbow International, Rainbow House/78 New Rd, Madeley, Telford, TF7 5DD Tel: 01952 680470.

Q.

Conveyancing solicitors in Telford carry out official property if instructed to act for a purchaser - what specific ones?

A.

When you are getting a mortgage the mortgage lender expects a solicitor to get at least specific searches, including the following for Telford: Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environmental and perhaps less common searches, which might include Anti Money Laundering Search.

Q.

When do we need to find a conveyancer?

A.

Whether buying or selling, instructing as soon as possible is wise, as there are various tasks that may be performed very early in the process. Instructing a firm early can limit the risk of the transaction stalling.

Q.

I am buying in Telford with Metro Bank, is there anything we need to know?

A.

House buyers should be aware that, over the last two years, some lenders are now limiting the firms who can act for them. For home buyers, this can result in significantly increased conveyancing costs. We, however, are able to act on behalf of the vast majority of lenders in the UK so that you will not be required to pay any additional legal fees to your lender's solicitor.

 
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