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Transfer of Equity in Wakefield

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 Wakefield

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 27/11/16

As calculated by the 2011 census Wakefield has a residential population 512,657 spread over an area of 119,932 acres (48,535 hectares) which equals a population density of 4.3 people per acre or 10.6 per hectare.

Motorists are well served with Wakefield ideally situated with very good road access nearby at under 2 miles off the M1 Junction 40 Southbound.

Wakefield Westgate station is around 1 mile from Wakefield and Leeds Bradford Airport is 14 miles from Wakefield. Robin Hood Airport is 25 miles and Sheffield City Airport is 21 mile away.

Wakefield, Clayton is a nearby hospital.

Q.

I am trying to find fixed rate Wakefield conveyancing. What do we need to consider?

A.

The lack of clarity surrounding this point catches out many buyers, and can leave them paying far more in conveyancing fees than they budgeted, and many solicitors promote 'the cheapest conveyancing quotes', but extra costs are frequently hidden in the small print which buyers may have not read carefully Extra costs should be reasonable and clear and only be applied if the lawyer is required to complete extra work for you, which could not be anticipated at the start of the process. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

I plan to buy a church rectory in Little Ouseburn. Will we need a chancel search?

A.

The Wakefield conveyancing solicitor might recommend that a chancel search be ordered. In Wakefield's much older areas, chancel repair dues can be collected on the current owners of a building where parish councils have not imposed the same liability on the last owners. For property in the parish of Little Ouseburn, it is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

We are buying on a ex-industrial use land. Could the top-soil be contaminated by industrial waste?

Policies and legislation are in place to control pollution, waste, water and chemical contamination. Other sources of contaminated land include groundwater contamination.

Q.

Can you confirm which Wakefield lenders your lawyers work with. Which panels are your solicitors members of?

A.

Most lenders in Wakefield are on our solicitors' panels. Local mortgage lenders and brokers include Baby Whelk Llp, 2 West View, Kirkhamgate, Wakefield, WF2 0SJ, Mortgage Solutions Of Wakefield, 66 Northgate, Wakefield, WF1 3AP, and Argyll York, 78 Wrenthorpe La, Wrenthorpe, Wakefield, WF2 0PT.

Q.

As a consequence of the serious flooding in Leeds we are questioning whether environmental searches aren't exacting enough?

A.

Flood searches conducted by a conveyancing solicitor in Wakefield should include a more detailed Landmark flood search if the risk is deemed significant.

You could speak to a local resident to gain more comfort if still concerned or local Yorkshire, West Riding flood repair expert, such as: Adrian Hewson, 5 Castle Meadows, Hall Green, Wakefield, WF4 3QJ Tel: 07719 563385.

Q.

How do we calculate stamp duty, and what will we need to pay on a £528k Wakefield property?

A.

The Stamp Duty that is payable will depend on the purchase price of the property. On a £528k residential property, stamp duty will be £21120.

Q.

When in the process do you need to arrange a conveyancer?

A.

With a 'no move, no fee' guarantee, the earlier, the better, as conveyancing involves a number of tasks which may begin very early in the process. Instructing your solicitor sooner for a sale may mean that relevant information can be sourced sooner (this is particularly true for leasehold properties), whereas if you are buying your offer may be taken more seriously if you already have a solicitor instructed.

Q.

Lawyers in Wakefield carry out some conveyancing searches when they are instructed by a purchase client, what particular searches?

A.

If buying and getting a mortgage a mortgage lender requires you to a solicitor to get at least the following Local Authority, Drainage and Water Search (CON29DW or personal) and Environmental and perhaps unique particular for example Index Map Search (SIM).

 
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