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Transfer of Equity in Penzance

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 Penzance

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

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Ask Lorraine a question

Updated: 19/10/16

Local key data:

The closest airport to Penzance is Penzance Airport (1 mile). Lands End Airport is 6 miles away. The nearest station to Penzance is Penzance.

The nearest hospital is West Cornwall Penzance.


We are looking for low cost conveyancing. Will I get a quote or and estimate?


Many firms purport to offer theoretically 'the cheapest conveyancing'. Often additional fees will be included in the small print. Fees should be fair and reasonable. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.


What amount of time will conveyancing legal work often take, in your opinion? If it matters, we are purchasing a home in Penzance.


The time taken to transact a residence can vary. This is influenced by a number of considerations such as if either party has a mortgage. Our lawyers work hard to ensure your move is handled as fast as possible, without compromising on service.


Is there anything we are supposed to do to make our Penzance conveyancing faster?


Essential to moving faster is to use a proactive conveyancer. Beyond that, there are various jobs you as the buyer can also do to speed up your conveyancing. These include:

  • pushing the conveyancer to begin enquiries as soon as possible
  • answering any queries raised by the conveyancer as soon as possible
  • confirming your mortgage offer


Do we need to choose a lawyer referred by our estate agent in Godalming?


The agent will be able to pressure a law firm to handle your conveyancing they refer a large volume of work to, and can therefore exert pressure on your behalf. These referrals must be compared with other local solicitors, or better-value firms found online, as the agent may prefer to suggest whichever firm pays the most per referral, not the best solicitor for your needs.


What can I do to avoid paying SDLT rates?


Stamp Duty Land Tax is due for property sold for over 125,000 pounds. Homeward Legal do not advise purchasers expose their finances to any stamp duty scheme. These schemes are costly and HMRC may challenge a scheme up to six years later. There have been a range of government-sponsored schemes, such as relief for buyers in 'disadvantaged areas', and your solicitor will advise if these may apply.


Which individual conveyancing searches should the Penzance lawyer apply for when acting on a Penzance building?


Standard legal procedure is to get the following Local Authority, Drainage and Water Search (CON29DW or personal), Environmental, Tin Mining Search and China Search and occasionally less common searches for example Planning Search.


Do Homeward Legal deal with the conveyancing for residential property auction properties in Penzance?


Yes - We are highly knowledgeable with auction buyers and sellers. We strongly recommend purchasers to formally instruct an auction experienced property lawyer well in advance of the auction day to allow for a title report of the sellers documents. Immediately following the auction, a conveyancing solicitor must be fully prepared to get through the purchase legal work in less than 28 days as typically required by the conditions of sale.


How soon is it wise to instruct a solicitor?


If you choose a conveyancing solicitor with 'no move, no fee' protection, the earlier in the process you can instruct a conveyancing solicitor, the better, as the legal work can commence very early in the process. A number of sources suggest holding off instruction until an offer is accepted, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.