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Transfer of Equity in Woodford

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 Woodford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

The nearest airport to Woodford is London City Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 23 miles, London Heliport Airport is 13 miles, Heathrow Terminal 5 Airport is 25 miles, Heathrow Terminal 4 Airport is 23 miles, Northolt Jet Centre Airport is 20 miles, Elstree Airport is 16 miles, London Biggin Hill Airport is 19 miles and Stansted Airport is 22 miles away. Highams Park train station is almost a mile from Woodford.

Motorists are well served with Woodford enjoying very good major road access inside a miles off the M11 Junction 4 Northbound.

Ilford, Roding is the nearest hospital for Woodford.

Q.

I am looking for the cheapest conveyancing quote. because we are on a limited budget.

A.

Both high-street and online firms offer 'the cheapest conveyancing quotes'. Often additional fees will be included in the solicitor's terms of engagement which homeowners may have not read carefully Feeswhich are listed in terms and conditions needs to be fair and clearly defined and only apply in cases where the solicitor must perform additional tasks in your interest, which could not be anticipated at the start of the process.

Q.

Does my solicitor in Woodford do any searches on the London Sixties mid terrace cottage I am intending to purchase?

A.

When getting a mortgage the building society of bank requires you to at least the following for properties in Woodford: Local Authority Search, Drainage Search and Environment Search and, depending on certain criteria, specific local searches, which might include Official Search of Whole or Part without Priority (OS3).

Q.

What makes the conveyancing process in Woodford to seem to be so slow?

A.

The conveyancing process will occasionally be drawn out, Homeward Legal, however, endeavour to reduce their cost wherever possible to do so. Reasons for delay may include slow solicitors acting for the other side.

Q.

I am intending to purchase a property in the parish of Paddington St John. Will it be necessary to get a chancel search?

A.

A Woodford conveyancing solicitor might recommend that a chancel search is ordered, irrespective of the parish where the house being bought is found. Through some Parochial Church Councils have opted to charge chancel repairs on the current owners of affected property, it cannot be guaranteed that a parish in which lay rectors have not been expected to pay chancel repair dues recently will not be so in future. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

How frequent is gazumping?

A.

This takes place when an offer is rejected, following initial acceptance, by the property owner, choosing instead a higher offer. The chance of gazumping is present in any transaction. The first step in reducing the chance that gazumping will effect you is to instruct your conveyancing solicitor as early as possible.

Q.

Myself and my partner are purchasing a building in Woodford. Can we confirm that the building is in a designated conservation area?

A.

Areas deemed to be of 'special architectural and historic interest', such as 19th century suburbs, will be designated as areas of conservation. Living in a conservation area can mean preservation of an area's historic charm, but the restrictions create additional maintenance and repair responsibilities. A conveyancing solicitor will address the impact buying in a conservation area may have.

Q.

We need extra fast Woodford conveyancing solicitors - is that your solicitors?

A.

Honestly, some solicitors companies are extremely slow causing unnecessary pressure to buying and selling. Having implemented leading edge document production systems . We always give sellers a CQS conveyancing solicitor prepared to communicate with everyone in the buyer and seller chain including landlords, to bring about a quick exchange.

Q.

What do we need to be aware of if we buy a Woodford flat within a Redbridge planning authority designated conservation area ?

A.

Part of the due diligence for buyers includes the ordering of searches of the local authority to see conservation area status and the appropriate consent for modifications. .

In the event that no necessary permissions be supplied the solicitor will inform you of the best alternative for example buying an indemnity policy or obtaining retrospective approval from Redbridge local authority.

 
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