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Transfer of Equity in Wapping

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 Wapping

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/01/17

Wapping attractions

George Inn National Trust , Trinity Buoy Wharf Lighthouse, Tate Modern Art Gallery and Temple Middle Temple Hall Historic Building are near to Wapping.

Drivers are well catered for with Wapping enjoying good road access inside 3m of the A102M.

The nearest station to Wapping is Fenchurch Street and London City Airport is 5 miles from Wapping. Heathrow Terminals 1 2 3 Airport is 17 miles, London Heliport Airport is 6 miles, Heathrow Terminal 5 Airport is 19 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 17 miles, Northolt Jet Centre Airport is 15 miles, Elstree Airport is 15 miles and London Biggin Hill Airport is 13 miles away.

The neighbouring hospital for Wapping is London Bridge.

Q.

How do I find the best rates for conveyancing for a £556,000 property?

A.

Many buyers seeking discount conveyancing are caught out by the lure of very low conveyancing rates, and many solicitors offer theoretically cheap conveyancing, but extra charges are frequently hidden in the terms and conditions. A quote should, in addition, define any disbursements to be paid.Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

As a consequence of the fact that 2012 was second wettest year since 1920 I am concerned that flood searches aren't thorough enough?

A.

An experienced lawyer in Wapping will advise you to include environmental searches if the first conveyancing searches identifies a local Wapping flood risk.

For added assurance it may be sensible to speak to a close neighbour.

Q.

Wapping solicitors order a number of conveyancing searches when they are acting for a home purchase client but what particular searches?

A.

When getting a mortgage the building society of bank mandates a solicitor to get particular searches, including - Local Authority

Search, Drainage and Water Search (CON29DW or personal) and Environment Search, and occasionally area-specific searches for example SIM Search.

Q.

Has topsoil in Wapping been contaminated by molybdenum?

A.

Even where some contamination has occurred in Wapping, risk levels are usually low. Environment search results will factor contaminants, including metals and others such as food-processing waste and groundwater contamination.

Q.

Does your company specialise the conveyancing for auction properties in Wapping?

A.

Our firm is highly experienced with auction buyers and sellers. It is not uncommon for specialist lots such as landlocked or without legal access, are listed in auctions which will want greater inquiries. We therefore strongly advocate buyers at auction to choose an affordable solicitor well in advance of the auction day to allow enough time for an investigation of the auction legal pack,

After the day of the auction, your lawyer has to be focused on finalise the transaction in less than the 4 week time frame, a requirement of auction conditions.

Q.

Should you get searches for chancel liability? I am purchasing in Wapping.

A.

The result of a landmark case in 2003 reaffirmed that 'lay rectors' of property must contribute towards the cost of church repairs. Insurance may be available to protect a buyer should a Wapping Parochial Church Council enforce liability.

Q.

If I am intending to purchase in the parish of Whetstone, do we need a chancel search?

A.

Whichever Wapping parish you are purchasing in, a conveyancing solicitor might recommend a chancel search. Through some church councils have taken the decision to impose chancel repairs on the owners of lay rectorships, a conveyancing solicitor cannot verify that a parish in which lay rectors have not been expected to pay chancel repair dues recently will not continue to be so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What issues help with organising fast conveyancing?

A.

Contacting a proactive lawyer is crucial to fast Wapping conveyancing. When selecting a lawyer, you should ask the following: Was there a delay delivering a quote? What methods of communication do they use? Posting documents can adds days of waiting to a purchase. Do they order searches immediately?

 
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