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Transfer of Equity in Walthamstow

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 Walthamstow

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Commuters are well served with Walthamstow being well placed with excellent major road access close at within 3 miles of Junction 4 Northbound of the M11.

London City Airport is 7 miles from Walthamstow. Heathrow Terminals 1 2 3 Airport is 21 mile s, London Heliport Airport is 11 miles s, Heathrow Terminal 5 Airport is 22 miles, Heathrow Terminal 4 Airport is 21 mile s, Northolt Jet Centre Airport is 17 miles, Elstree Airport is 14 miles, London Biggin Hill Airport is 18 miles and Stansted Airport is 24 miles away and Walthamstow Queens Road station is approximately a mile from Walthamstow.

Whipps Cross University Walthamstow is a nearby hospital for Walthamstow.

Q.

I need to find a lawyer that offers cheap conveyancing in Walthamstow. What are the risks?

A.

Misleading conveyancing quotes catch out many home owners, leaving them to pay sometimes £100s more than planned, and many conveyancers advertise supposedly cheap conveyancing, but extra charges are frequently hidden in the solicitor's terms of engagement. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

I have read about the serious flooding in the UK in April 2012, we are questioning if flood searches might not be thorough enough?

A.

A thorough conveyancer in Walthamstow will suggest that you include flood searches if the first searches establishes a Walthamstow flooding risk.

For more peace of mind why not speak to a next door neighbour.

Q.

Do we need a chancel search if we are intending to buy in the parish of St Marylebone St Mary, near Walthamstow?

A.

The conveyancing solicitor is likely to recommend a chancel search. In Walthamstow's much older areas, chancel repair dues can be collected on current owners of a house where Parochial Church Councils have previously chosen not to

do so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What do we do to calculate stamp duty, and how much do we need to pay on a £261000 property?

A.

Stamp Duty is calculated with reference to a small range of considerations, primarily the value of the house. For a property sold for £261000, stamp duty is £7830.*

*(Source - www.gov.uk, 01/03/2013)

Q.

Which local authority is responsible for Walthamstow?

A.

Walthamstow is located in London Borough of Waltham Forest Council, Town Hall, Forest Road, London, E17 4JF, contact: 020 8496 3000

Q.

How much is the council tax on a residential terraced Band C property in Walthamstow?

A.

You will be include the houses band with the conveyancer's title report. The latest tax rates for homes in Walthamstow are detailed at the Waltham Forest local authority site. Currently on 13 March 2013 the different rates are:

  • Band A - £973.00
  • Band B - £1,135.00
  • Band C - £1,297.00
  • Band D - £1,459.00
  • Band E - £1,783.00
  • Band F - £2,107.00
  • Band G - £2,432.00
  • Band H - £2,918.00

Q.

How is Walthamstow contaminated land investigated?

A.

Property in Walthamstow may have been contaminated by a broad range of naturally-occurring factors. Contaminants such as potentially contaminative use of nearby land or proximity to waste sites will be detailed in an appropriate search.

Q.

Handling the legal work without the assistance of a property lawyer in Walthamstow looks to be possible as a buyer and seller of a flat , but would it be actually be imprudent ?

A.

Technically, there is no reason at all why a home seller should not carry out the your own conveyancing unaided. However, a property lawyer in Walthamstow is familiar with a large array of activities ranging from chasing lender for comments on issues raised and communicating with managing agents some of which require a skilled professional. AT any rate legal practices are required by the SRA to be in possession of insurance to shield you from any errors.

 
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