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Transfer of Equity in Trafford

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.

Get an instant quote for a transfer of equity in Trafford.

Remortgage Solicitors Trafford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/12/16

Motorists are well served with Trafford enjoying good road access nearby at 1.4 miles of Junction 8 Westbound of the M60.

Eccles, Barton Aerodrome Airport is 4 miles from Trafford. Liverpool John Lennon Airport is 22 miles, Manchester Terminals 1 & 3 Airport is 6 miles, Manchester Terminal 2 Airport is 5 miles and Eccles Airport is 4 miles away. The closest train station to Trafford is Navigation Road.

Trafford General is a relatively close hospital to Trafford.

Q.

How do I get the best rates for conveyancing for a £319,000 property?

A.

Various solicitors purport to offer 'the cheapest conveyancing quotes'. Often extra charges will be included in small print which unwary buyers fail to check. The disbursements to be paid ought to be defined on a Trafford conveyancing quote. Our quotes are not estimates, stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

Do Homeward Legal get involved in auction conveyancing in Trafford?

A.

All of our property conveyancers frequently work for sellers at auction. Lawyers always advocate bidders to formally instruct their chosen lawyer prior to the auction day to allow sufficient time for a detailed report of the auction legal papers.

Subsequently, following the property auction a prepared property lawyer is geared up to finish the transaction in under 28 days after exchange of contracts, a normal requirement of terms of sale.

Q.

I am buying a residence in the parish of Trafford. Is a chancel search necessary?

A.

Regardless of the Trafford parish in which you are purchasing, the property solicitor might recommend

that a chancel search be ordered. Through some Parochial Church Councils have exercised their right to charge chancel repairs on the current owners, a conveyancing solicitor cannot verify that a parish which has not imposed liability will not automatically be the case for future owners, so the solicitor will be unable to make any guarantees, and will recommend insurance.

Q.

The property being bought is on a ex-industrial use land. Possibly cobalt (Co) top-soil contamination may be an issue.

A.

Soil contamination is monitored frequently. Data on many contaminants, such as chlorinated solvents, will be included in an environmental search.

Q.

How do I get out of paying stamp duty?

A.

Homeward Legal do not recommend clients get involved with any stamp duty avoidance, as such schemes are costly and unreliable.

Q.

Do you need a chancel search? We are buying on the same road as a church constructed around the 1400s in Trafford.

A.

Where land in Trafford was once owned by a lay-rector, new owners of that property may be obliged to pay for repairs to specific local church buildings. A chancel search is employed to check whether such a liability exists. Liability is more common in some parts of the country. A conveyancing solicitor will be able to advise further.

Q.

How do we determine SDLT, and how much will it be on a £597000 property?

A.

The Stamp Duty owed will depend on the valuation. Stamp duty will be £23880 on a £597000 house or flat (information correct 01/01/2013).

Q.

Do we need to employ the lawyer offered by my agent?

A.

Estate agent recommendations are a common way for home buyers to find a solicitor, however, these referrals need to be weighed up against alternatives, including online or local firms, as the agent may prefer to suggest the firm which pays to the largest referral fee, not a firm with local expertise and a solid reputation.

 
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