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Conveyancing Solutions is pleased to offer all first time buyers a 10% discount off our legal fees to help you make that all important step onto the property ladder. With the Bank of England cutting the interest rate to just 0.5%, together with house prices falling by 2.3% in February, free Government loans, and Stamp Duty Land Tax holidays until September 2009, there has never been a better time for first time buyers to get onto the property ladder than now.
If you are a first time buyer, we can give you legal advice even if you have not yet found your new home. Our online quotes for the legal work are fixed with no hidden extras, and there is nothing to pay until we start the work.
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Do you own a property with someone? Do you want to make a change to the ownership? The credit crunch is not only creating turmoil in the housing market and the wider economy, it is also having an effect on the number of equity transfers taking place. The number of people wanting to transfer a share of their home has leapt dramatically recently. Equity is basically the amount of value or money in a property once the outstanding mortgage has been paid or taken into account. A transfer of equity is when the owner or owners of a property decide to transfer all or a share of the equity to someone else, usually for a payment but sometimes as part of a larger financial arrangement.
There are several reasons for transfers of equity but at the moment it is mainly because the current financial downturn has put a strain on many people's relationships and finances causing them to separate. It could also be that people own a property jointly but want to change the number of shares each one has. For example, they may no longer want to own the property on a 50/50 basis but prefer a different ratio. In such cases a trust deed can be set up setting out the extent of each personal share.
Whatever your reason for transferring equity, with Conveyancing Solutions you will receive first-class advice from a solicitor you can trust, who has extensive experience advising on transfer of equity in residential property. Call us today on Freephone 0800 019 3460 or complete our online contact form.
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On the 6th April 2009, new rules came into force which means that home owners must have a Home Information Pack (HIP) in place before putting their property on the market. Previously, sellers could simply order a HIP before erecting a for-sale sign.
Vendors must also set out extra details in a new questionnaire, including Council tax band, structural alterations, flood risk, parking arrangements and lease details (for leasehold properties).
Read more about our solicitor prepared Home Information Packs »
Conveyancing Solutions offers cheap online conveyancing quotes, from national conveyancing solicitors, for the legal costs of buying a house, selling a house or remortgaging a house. Conveyancing Solutions also provides low cost conveyancing quotes for shared ownership, transfer of equity, equity release, auctioned property and commercial property. We provide 100% Satisfaction with our cheap conveyancing quotes, promotional discounts, 24/7 online case tracking, out of hours appointments, dedicated solicitors and express completion service.