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Transfer of Equity in Theale

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 Theale

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 29/11/16

Blackbushe Airport is 13 miles from Theale. Farnborough (TAG London) Airport is 17 miles, White Waltham Airport is 14 miles, and Booker Airport is 17 miles away and Theale's closest train station is Theale.

Theale is close at approximately 1/4 miles off the M4 junction entry 12 Westbound.

Prospect Park Reading is the nearest hospital for Theale.

Q.

How do we identify a genuinely cheap fee? I am trying to find fixed rate conveyancing.

A.

Many firms purport to offer supposedly cheap conveyancing quotes, but additional costs will be included in the terms that buyers and sellers often do not check. Any charges which are listed in the terms needs to be fair and only apply to matters if your lawyer is required to perform tasks outside a normal transaction on your behalf, which could not be anticipated at the start of the process. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

What does a Theale conveyancing lawyer advise if the property is situated in a conservation area in West Berkshire local authority which seems to have out of place dormer windows fitted to it?

A.

The local authority LLC1 searches conducted by a property lawyer as part of the conveyancing will ascertain whether the property is inside a conservation area and any evidence of local authority approval for modifications will be required.

Q.

Which environmental factors can impact land in Theale. Are these comprehensively investigated?

Many of contaminants can reduce the value of property, like nearby electrical substations and limestone or gypsum quarrying. An environmental search can provide much more clarity.

Q.

How much time will conveyancing legal work often take, on average? We have a buyer ready.

A.

On average, the length of time required to transfer property may vary, affected by a handful of aspects which can include if third parties fail to promptly answer queries. With our specialist solicitors, your sale, purchase or remortgage receives fast and efficient service.

Q.

We are buying in Theale on a newly development brownfield site. Is vanadium (V) soil contamination likely?

A.

Given the region's industrial and agricultural history in parts of Theale, soil contamination is difficult to avoid. Environment search results will factor contaminants, including metals and others such as radioactive waste.

Q.

I am taking out a mortgage in Theale with Barnsley Building Society - what will I need to be aware of?

A.

When taking out a mortgage, your lender will require legal work to be carried out on their behalf. Buyers should know that a small number of lenders are now reducing their 'solicitor panel'. For house purchasers, this can result in significantly increased conveyancing costs. Homeward Legal are able to act for most CML-approved lenders, keeping buyers' legal costs to a minimum.

Q.

Please state how to get out of paying SDLT rates?

A.

Stamp duty mitigation must be treated with caution. These schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been a range of government initiatives, however, such as for first-time buyers.

Q.

Which actual search enquiries will my Theale conveyancing solicitor apply for when instructed on a Theale house?

A.

The common procedure will be to get Local Authority, Drainage Search (Con29DW or personal) and Environmental as well as any area-specific searches, which may include a Official Search of whole with priority.

 
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