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Transfer of Equity in The Meadows

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 The Meadows

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 07/12/16

The closest airport to The Meadows is Tollerton, Nottingham City Airport. East Midlands Airport is 11 miles s, Tollerton Airport is 4 miles and Gamston Airport is 25 miles away. The Meadows's nearest station is Nottingham.

The Castle Consulting Centre is the neighbouring hospital to The Meadows.

Q.

How do we get a discount conveyancing quote in The Meadows?

A.

Various property lawyers advertise cheap conveyancing, but extra costs are often hiding in small print which sellers and buyers may have not read carefully Additional charges included in terms of engagement should be clearly defined. They only be applied if the solicitor must complete work beyond standard conveyancing on your behalf, which could not be anticipated at the start of the process.

Q.

Do you suggest making the effort to defer paying stamp duty to HM Revenue?

A.

Stamp duty is usually payable for houses valued at over £125,000. Stamp duty mitigation is not advised when buying in The Meadows. Such schemes are highly expensive and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself.

Q.

Is the Stamp Duty Land Tax fee a fee or disbursement?

A.

It may not be obvious whether a quoted cost is a fee or a disbursement. This charge is a fee not a disbursement. It should be included in a quote.

Q.

Property environmental searches are conveyancing protocol but when one considers recent flooding e g the extensive flooding in Sept 2012 in the East Midlands are they sufficient to ascertain enough about the evolving local The Meadows flood risk?

Your The Meadows solicitor will also get thorough conveyancing and environmental searches if the initial searches flag up a significant risk The Meadows flood risk area

You can get in touch with a local resident to get further peace of mind.

Q.

Apparently, cadmium soil contamination may be an issue in The Meadows. Can you advise?

A.

Some metal contamination may have occurred throughout The Meadows, but some very localised cases of contamination in The Meadows may pose unacceptably high risk. Data on many contaminants, such as chlorinated solvents, will be included in an environmental search.

Q.

The Meadows conveyancing solicitors conduct formal conveyancing searches if instructed to act for a buyer, but which specific searches?

A.

If you are applying for a mortgage the building society of bank mandates these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environmental, and perhaps unique particular e.g. a Index Map Search.

Q.

We are buying in The Meadows. Are there many conservation areas?

A.

Locales deemed to be of historical or architectural value, such as fishing villages, will be registered as conservation areas. Living in a conservation area can mean protection against unsympathetic development, but the restrictions can add to maintenance costs. A solicitor will confirm potential liability for unauthorised works.

Q.

If we are intending to buy in the parish of Sutton Bonington St Michael, will it be necessary to get a chancel search?

A.

The lawyer may suggest that a chancel search is ordered. Chancel repair may be imposed on owners of a building where Parochial Church Councils may have not done so in the past. It is not safe to rely on the historical behaviour of the parish council alone as a guide.

 
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