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Transfer of Equity in Portsmouth

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 Portsmouth

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Portsmouth clients every week.

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Conveyancing in Portsmouth Q & A's

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Updated: 20/10/16

Portsmouth travel information:

As confirmed by the 2011 national census Portsmouth, has a population of 822,331 spread over an area of 269,386 acres meaning a population density of 3.1 people per acre.

Drivers are well served with Portsmouth enjoying good major road access nearby at half a mile of the M275.

The closest train station to Portsmouth is Portsmouth And Southsea, about a mile away. Portsmouth's nearest airport is Bembridge IoW, Sandown Rd Airport (10 miles). Southampton Airport is 16 miles, Bembridge IoW Airport is 10 miles and Sandown IoW Airport is 13 miles away.

The most convenient hospital for Portsmouth is St Marys Portsmouth.


How do I get low cost conveyancing?


Lack of clarity over this topic catches out many property buyers and sellers, and can leave them paying far more in conveyancing fees than they budgeted. Many law firms claim to offer 'the cheapest conveyancing quotes'. Unfortunately additional fees are often hiding in the solicitor's terms of engagement. Additional charges needs to be reasonable and clear. Your conveyancing quote should state applicable disbursements.We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.


Which local authority is responsible for Portsmouth?


Portsmouth is located in Portsmouth City Council, Civic Offices, Guildhall Square, Portsmouth, Hampshire, PO1 2BG, contact: 023 9282 2251


What is gazumping?


The practice of rejecting an accepted offer on a property after a new buyer makes a more attractive offer is referred to as gazumping. The will be a risk of getting gazumped in any transaction, because offers are not binding until exchange of contracts. You should instruct your property solicitor early, and even before acceptance of an offer to reduce the chance of gazumping.


If I am purchasing in Portsmouth on the same road as a church built in the 12th Century, would you recommend that we get a search for chancel liability?

Owners of property in Portsmouth may be subject to chancel repair liability. Following a change in the law, interest over any affected land in Portsmouth must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Churches in the area include All Saints and Cathedral.


I am planning on buying a investment property in a Portsmouth conservation area. How do I find data about the standard of repair?


Conservation areas are nominated by Portsmouth who preserve everything from what can be demolished to advertising hoardings. English Heritage, a government body, now maintain records in relation to the condition of conservation areas in Portsmouth and across England in addition to the vulnerability to deterioration or improvement.


We need to complete this purchase as soon as possible, can we arrange fast conveyancing in Portsmouth?


Many buyers will, correctly, argue that finding a proactive, diligent property lawyer is the key to fast conveyancing. There are, in addition, several things you as the purchaser can also do, including, organising your finances, quickly answering your property lawyer's questions (by email if possible) and encouraging your property lawyer to carry out searches promptly.


Would acquiring a Homebuyer Report be required when purchasing a property in Portsmouth?


We strongly advise that you arrange a property surveyor. A wide range of concerns have a negative impact on a property, which include cavity wall tie failure or chimney defects. These will not be reported on by a solicitor.


What can a Portsmouth property lawyer do if the flat I hope to invest in is inside the boundary of a local authority conservation area and has ugly stone cladding installed?


The lawyer will find out if the property is affected by a designated conservation area, and if so, whether any alterations have the required consents.Should no local authority consents be available the solicitor will recommend the alternatives which include obtaining an indemnity insurance or requesting retrospective consent from the planning authority.