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Transfer of Equity in Woolwich

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 Woolwich

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 04/12/16

Woolwich attractions

Trinity Buoy Wharf Lighthouse, Museum of the Royal Arttillery:Firepower Aviation Museum and Blackheath Old Dover Rd Library Art Gallery are close at hand to Woolwich.

The closest airport to Woolwich is London City Airport (1 mile). Heathrow Terminals 1 2 3 Airport is 23 miles, London Heliport Airport is 11 miles s, Heathrow Terminal 5 Airport is 24 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 23 miles, Northolt Jet Centre Airport is 21 mile s, Elstree Airport is 21 mile s, Rochester Airport is 22 miles and London Biggin Hill Airport is 12 miles away. The nearest train station to Woolwich is Woolwich Arsenal, about 1 mile away.

Drivers are well served with Woolwich situated with very good motorway access approximately three miles of the A102M.

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The most convenient hospital for Woolwich is Queen Elizabeth Charlton.

Q.

How do I find a cheap solicitor quote to sell a property?

A.

Various firms claim to offer theoretically 'the cheapest conveyancing quotes', but additional costs can increase the final invoice. Any fees which are listed in terms and conditions should be fair and clearly defined.

Q.

What type of searches regarding the uncertain risk of possible flooding at Greenwich will a property lawyer in Woolwich carry out?

A.

A critical part of the conveyancing process of buying a property involves the lawyer conducting conveyancing and environmental searches that give specific information on the Woolwich flood risk. A significantly more specialist dedicated flood risk search (most likely a Landmark Database search) will often be suggested by the Woolwich conveyancing solicitor if in the event that the initial searches suggest flood risk to the property. On (05-Dec-08) there were no warnings around the Tidal Thames in the boroughs of Bexley and Greenwich at the River Thames including areas in the boroughs of Havering, Barking and Dagenham, and Newham

Q.

I am moving in Woolwich, and have a quote from you. May we have to pay any extra charges?

A.

We never hide any hidden extra charges. It may be that a significant piece of extra work is required, but your solicitor will make you aware of these.

Q.

Is it advisable that I get searches for chancel liability if we are buying a property next to a church built in around the 13th Century in Woolwich?

A.

There are fifteen thousand Church of England and Church of Wales parishes in England and Wales. Property owners within some of these may be required to contribute towards the cost of the repair of a local church. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Woolwich ecclesiastical properties which may give rise to chancel liability include St Mary Magdalene and St Michael & All Angels.

Q.

I have read about doing ones own conveyancing as a buyer and seller of a maisonette , Is it insensible to do the legals myself?

A.

Should you want to endeavour to do so you can practically conduct the greater majority of the legal process without instructing a professional Woolwich conveyancer.

Fundamentally amateur lawyers will not be covered by suitable indemnity cover which qualified legal firms are compelled to have.

Q.

My wife and I are planning to buy in Woolwich. How do I check if the property is in a designated conservation area?

A.

With over eight thousand listed areas in England, the streets and neighbourhoods in or near Woolwich will include several conservation areas. Living in a conservation area can mean protection for parks and green spaces, but the restrictions can make repairs more costly or time-consuming. A solicitor will discuss the relevant responsibilities you would be taking on by purchasing in a conservation area.

Q.

What amount of time may be planned for the conveyancing process require?

A.

For most property in Woolwich, the length of time needed to transact a property varies. This is affected by many issues which may affect the property. These could include cases where a property has a mortgage. Nationwide, the average is around ten weeks, but we take a more proactive attitude, pushing a transaction to complete within 8 weeks if possible.

Q.

The estate agent has put forward the firm of solicitors whom they usually use. Is it a good idea to use this solicitor?

A.

Many agents have arrangements with solicitors whereby they refer conveyancing work to them. These referrals should be compared against alternatives, such as local solicitors, or firms found online, as some agents choose whichever firm pays the most per referral, not the best solicitor for your needs.

 
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