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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: 01/12/16

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.

Why can conveyancing legal work be so drawn out?

A.

The legal work required to buy or sell a property could suffer setbacks. We aim to lessen their cost where it is possible to do so by pushing all parties involved. Common delays can include a slow firm acting for the lender.

Q.

Are many Wapping conservation areas likely to impact the building we are buying?

A.

Buyers in Wapping should be aware of several local conservation areas. Your conveyancing lawyer will provide more details and discuss what specific restrictions are in place.

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.

What does 'fixtures and fittings' relate to?

A.

In the main, there is no legal definition of fixtures and fittings. The buyers' and sellers' understanding of what will be included in the sale may vary considerably; this can make the completion of a fixtures and fitting form necessary.

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.

How long may conveyancing to buy residential property require, in your experience? The property is also local.

A.

The length of time taken to sell or purchase a house varies. This is based on several factors which may include if third parties fail to promptly answer queries. With Homeward Legal's Wapping property experts, a sale, purchase or transfer of equity is handled as fast as possible, without compromising on service.

Q.

We are worried about council tax amounts on a Fifties semi-detached home in Wapping, how much are they?

A.

Typically the conveyancer's title report should cover the appropriate Tower Hamlets council tax band. The correct rates for homes in Wapping are set out in detail online at the Tower Hamlets council website. At the time of authoring, 06/08/2012, band rates are:

  • Band A - £795.00
  • Band B - £927.00
  • Band C - £1,060.00
  • Band D - £1,192.00
  • Band E - £1,457.00
  • Band F - £1,722.00
  • Band G - £1,987.00
  • Band H - £2,384.00

 
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