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Transfer of Equity in Wanstead Flats

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 Wanstead Flats

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

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Ask Lorraine a question

Updated: 16/01/17

Wanstead Flats's closest airport is London City Airport. Heathrow Terminals 1 2 3 Airport is 22 miles, London Heliport Airport is 11 miles s, Heathrow Terminal 5 Airport is 23 miles, Heathrow Terminal 4 Airport is 22 miles, Northolt Jet Centre Airport is 19 miles, Elstree Airport is 17 miles, London Biggin Hill Airport is 16 miles and Stansted Airport is 25 miles away. The closest station to Wanstead Flats is Wanstead Park.

Drivers are well catered for with Wanstead Flats being well placed with good road access close at within 3m of the M11 Junction 4 Northbound.

Whipps Cross University Walthamstow is the neighbouring hospital for Wanstead Flats.


How do we find affordable conveyancing?


This catches out many home owners, and can leave them paying far more in fees than they budgeted. Many conveyancers purport to offer so-called cheap conveyancing quotes, but additional costs are frequently hidden in small print. Any additional costs found in the terms should be fair.


For a fast conveyancing transaction to buy a £651,000 house, what can we do to speed up the transaction?


Crucial to fast conveyancing is to use a communicative property lawyer. When identifying an appropriate a property lawyer, : How soon will they order searches? Was there a delay delivering a quote? Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed.


What are the pitfalls if we acquire a flat in a Redbridge council designated conservation area ?


An integral part of conveyancing includes the ordering of searches of Redbridge planning authority to check conservation area status and the required permission for any modifications. .


Does handle auction conveyancing in Wanstead Flats?


Homeward Legal is accustomed to working with residential property auction procedures. Usually hard to value lots such as development land, are listed at auction and these necessitate deeper

review. Lawyers therefore suggest buyers to choose a conveyancing firm well in advance of the actual auction for a thorough review of the lot.

Thereafter, following the day of the auction a prepared lawyer will need to be fully prepared to complete all of the legal work in less than the 28 day time frame as conventionally required by the terms of sale.


The estate agent we are using in Kidbrooke has put forward the solicitors firm that they have used before. Is it a good idea to instruct this firm?


It is common for estate agents to recommend a law firm to handle your conveyancing. If the agent is paid a referral fee, however, an agent may choose the solicitor willing to pay the highest referral fee, not a firm with local expertise and a solid reputation.


I am purchasing a £1034000 Wanstead Flats home, how is stamp duty rates assessed?


The rate of stamp duty due depends on the valuation. Stamp duty will be £51700 on a £1034000 residential property.*

*Accurate as of 15/01/2013


What is the council tax on a Sixties detached Band C dwelling in Wanstead Flats?


As a rule the report on title should give information the appropriate Redbridge council tax band.

The latest council tax rates for homes in Wanstead Flats are listed on the Redbridge council website. At the time of writing on 05 September 2012 rates for all bands are:

  • Band A - £935.00
  • Band B - £1,091.00
  • Band C - £1,246.00
  • Band D - £1,402.00
  • Band E - £1,714.00
  • Band F - £2,025.00
  • Band G - £2,337.00
  • Band H - £2,805.00


Doing your own conveyancing without using a conveyancing solicitor in Wanstead Flats looks to be possible when buying and selling a flat , however would it actually be reckless ?


There is absolutely no argument why a home buyer cant go down that route and reasonably conduct the greater majority of the legal process without the help of an expert Wanstead Flats property lawyer. The truth is however that a Wanstead Flats lawyer carries out a large number of functions e.g. chasing any missing replies/clarifications to enquiries and handling retentions which are better done by someone with a skilled professional.