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Transfer of Equity in Walsingham

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 Walsingham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

The closest station to Walsingham is Sheringham, around 14 miles away and Walsingham's closest airport is Norwich International Airport (23 miles).

Wells Cottage is the most convenient hospital to Walsingham.

Q.

How do we get a discount conveyancing quote?

A.

Several firms offer cheap conveyancing. However extra fees are frequently hidden in small print. Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

We are buying a £720000, how is stamp duty tax assessed?

A.

The Stamp Duty due will depend on the valuation. It will be £28800 on a £720000 property (source: www.hmrc.gov.uk, 01/02/2013).

Q.

What kind of enquiries concerning the risk and history of a flood in the Norfolk area will a Walsingham conveyancing solicitor report back on?

A.

An important step in the conveyancing process involves a conveyancer making an application for property conveyancing searches that offer you certain details with respect to Walsingham flood risk area. A significantly more specific Norfolk database search, such as the Landmark search, may be recommended by the Walsingham conveyancing solicitor if the results of the initial searches show that there is a potential flood risk to the property.

Q.

Will I need to get a chancel liability search when you are buying in Walsingham close by a rectory built in the 12th Century?

Repair costs resulting from chancel liability can total hundreds of thousands of pounds. Some names or words such as 'abbey' give an indication of a property's history, and thus whether chancel liability may apply.

Q.

Will my conveyancing solicitor in Walsingham inform me about the cost of council tax on a Band B property before exchanging contracts?

A.

The conveyancer will contact the council to find out the appropriate council tax charges which should then be included in the report on title. Correct rates for homes in Walsingham are set out online at the North Norfolk council site. At the time of writing, 25 July 2012, the rates are:

  • Band A - £1,012.00
  • Band B - £1,181.00
  • Band C - £1,349.00
  • Band D - £1,518.00
  • Band E - £1,855.00
  • Band F - £2,193.00
  • Band G - £2,530.00
  • Band H - £3,036.00

Q.

Which local authority looks after Walsingham?

A.

Walsingham is located in North Norfolk District Council, Council Offices, Holt Road, Cromer, Norfolk, NR27 9EN, Call: 01263 513 813

Q.

I am on a very tight budget. Can doing the conveyancing on a DIY basis without a Walsingham conveyancer help save any money?

A.

Should you want to , you can feasibly do the conveyancing without instructing a proficient Walsingham property lawyer. The truth is however that a property lawyer in Walsingham handles a large array of activities ranging from chasing notices/share certificates or interpreting the lease most of which are better done by someone with adequate training. Above all else DIY lawyers will be working without relevant insurance cover which qualified solicitors are made responsible to have.

Q.

Are buyers frequently gazumped in Walsingham?

A.

Gazumping occurs when one purchaser's offer is, following agreement, later rejected by the property seller, in favour of a better offer. Though being gazumped is uncommon when property prices are falling, there is still a danger. Instructing a conveyancing solicitor as early as possible is a key first step to reducing this risk.

 
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