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Transfer of Equity in Woking

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 Woking

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 05/12/16

Woking's nearest train station is Woking at 1 mile and the nearest airport to Woking is Farnborough (TAG London) Airport. Heathrow Terminals 1 2 3 Airport is 12 miles, London Heliport Airport is 20 miles, Heathrow Terminal 5 Airport is 12 miles, Gatwick South Terminal Airport is 21 mile s, Gatwick North Terminal Airport is 20 miles, Heathrow Terminal 4 Airport is 11 miles s, Northolt Jet Centre Airport is 18 miles, White Waltham Airport is 16 miles, Blackbushe Airport is 13 miles and Booker Airport is 23 miles away.

Woking is a nearby hospital.

Q.

How do we find a cheap solicitor for buying a flat?

A.

This matter catches out many buyers, and can leave them paying far more in fees than they budgeted. Many conveyancers offer so-called 'the cheapest conveyancing quotes', but extra fees are frequently hidden in small print that unknowing buyers have not reviewed Extra costs included in your solicitor's terms ought to be fair and clearly defined. Any disbursements should also be included on the quote

Q.

Is it risky to avoid paying SDLT rates?

A.

Stamp Duty Land Tax is usually payable on houses sold for over 125,000 pounds. Stamp duty mitigation scheme is not advised when buying in Woking. These schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

Is a property survey sensible when we are purchasing residential property?

A.

The Royal Institution of Chartered Surveyors firmly suggest that you book a home surveyor to undertake a survey when buying in Woking. It is a fact that there are many defects that can affect a property, which include rotten roof timbers. Such issues will not be considered during the conveyancing work itself.

Q.

What sort of environmental conveyancing searches as respects the risk and history of flooding in the Surrey region will a Woking property solicitor actually do for an Edwardian property I am going to purchase?

A.

An experienced lawyer will carry out standard protocol property conveyancing searches that will include Woking historical flood risk data. A more thorough conveyancing search (e.g. Landmark) could possibly be advised by a qualified Woking conveyancing solicitor if the results of the initial searches identify any risk of flooding.

Q.

We are intending to buy a rectory in Little Bookham. Will a chancel search be compulsory?

A.

A conveyancer is likely to recommend a chancel search, regardless of the parish in which the house being purchased is found. Through some Parochial Church Councils have chosen to charge chancel repairs on the current owners, a conveyancing solicitor cannot verify that a parish in which lay rectors have not been expected to pay chancel repair dues recently will continue to be free from liability. It is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

If land is found to be contaminated, can we have the soil inexpensively remediated?

A.

A degree of remediation is possible is some cases, although it can be expensive. For Woking, remediation is often the responsibility of local authorities to arrange. Speak to a local service provider e.g. King Acre Landscapes, Egley Rd, Woking, GU22 0NH for further information.

Q.

Do you have low cost solicitors that conduct the conveyancing of property auction properties in Woking?

A.

Our property solicitors regularly do the legal conveyancing auction buyers and sellers. Conveyancers strongly inform buyers to choose a conveyancing firm well before the auction day for a full report of the lot. Q.

What can conveyancing searches be?

A.

The cost of conveyancing searches appreciably varies, depending on the particular searches ordered. Other informative searches include a commons registration search.

 
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