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Transfer of Equity in Bristol

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.

Get an instant quote for a transfer of equity in Bristol.

Remortgage Solicitors Bristol

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Bristol 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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or call us: 0800 038 6699


The Conveyancing
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Conveyancing in Bristol Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 13/01/17

Are you moving to a house in Bristol? We’ve got the most important facts and figures for you right here:

As determined by the latest census report, Bristol has a total population of 940,241 living in an area that is 286, 258 acres (115 845 hectares) equalling a density of 3.3 people per acre (8.1 per hectare).

The closest Bristol train station is Bristol Temple Meads in the north of the city or Bristol Parkway in the south.

There is an airport in Bristol – Bristol Airport, and connections to the motorway via the M5 or M32.

Bristol’s main hospital is Bristol General Hospital.

Q.

Local Bristol attractions

A.

Bristol St Thomas the Martyr Churches Conservation Trust and Bristol St John the Baptist Churches Conservation Trust are in Bristol.

Bristol is of Junction 3 Northbound of the M32.

Bristol Temple Meads station is almost 1 mile from Bristol. Bristol's nearest airport is Bristol Airport.

The nearest hospital is Bristol Eye.

Q.

I need affordable conveyancing in Bristol. What should we check?

A.

Confusion over this issue catches out many home owners and can leave them paying far more in fees than they budgeted. Many firms offer 'the cheapest conveyancing quotes'. Unfortunately extra costs are often hiding in the terms of engagement. Additional fees ought to be fair. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

We are going to buy a property, and have a quote from you. Might I be invoiced any additional fees when the move completes?

A.

Homeward Legal never hide any extra, hidden fees for conveyancing in Bristol. Some solicitors only estimate conveyancing costs. The bill you receive on completion can be much greater.

Q.

Do Homeward Legal handle the conveyancing of auction properties in Bristol?

A.

Of course! Our property lawyers are frequently instructed by bidders at property auctions. Our specialist property lawyers have been involved in many local residential property auctions like those at Drivers & Norris, Countrywide Property Auctions, Brendons Auctioneers, Baxtons, Barnett Ross, Award Property, Auction House London, Allsop (Residential), Allsop (Commercial), and Acuitus.

Smart buyers at auction tend to formally instruct their conveyancing company very quickly to allow enough time to get a title report and the auction legal pack before the auction day itself. Thereafter, your fully-prepared lawyer is thoroughly prepared to conclude all of the legal work within a month, which is the standard timescale for legally completing the purchase.

Q.

We have a leasehold flat to purchase. How do we guarantee fast conveyancing?

A.

Instructing a proactive, diligent solicitor is key to a faster move. Consider the following:

  • Was there a delay delivering a quote?
  • What methods of communication do they use? Posting documents can add days of waiting to a purchase.
  • Are they 'no move, no fee'? This can incentivise a faster transaction.
  • Why not give us a call on 0800 038 6699 to discuss our time scales?

    Q.

    How is SDLT calculated, and how much will it be on a £420,000 Bristol house?

    A.

    Stamp Duty in Bristol is dependent on the house's value.

    For a property worth £420,000, SDLT is £11,000.*

    Stamp Duty is calculated in bands, with the minimum being £125,000. This means that if your house is valued at less than £125,000, you won’t have to pay Stamp Duty.

    *This information is accurate as of 01/12/16

    Q.

    Is it recommended to get Searches for Chancel Liability in Bristol?

    A.

    Potentially amounting to over £100,000 in repair cost obligations, Chancel Liability should always be considered by buyers of Bristol property, and an indemnity insurance policy set up where necessary to cover the costs. A Chancel Search will confirm whether liability is likely to exist. Specific Bristol churches include Christ Church, St Stephen, St Stephen and St Philip & St Jacob.

    Q.

    How many weeks will it take my property solicitor to complete the conveyancing for a house in Bristol?

    A.

    The legal process can take anywhere from 3 weeks and 12 weeks, based on a number of things e.g. the speed of the vendor's property solicitor, or whether your solicitor has to act for your lender.

    Our proactive property lawyers are highly focused on pushing transactions through, completing the process as soon we can.

    You can also help to speed up the legal side of things, read how in our blog post.

    Q.

    What’s the difference between solicitor fees and disbursements?

    A.

    When you get a conveyancing quote, you’ll want to compare it with several others, though this can be difficult if the bills are not similar.

    Solicitor fees are the funds you pay to the solicitor to perform your conveyancing, whereas disbursements are the conveyancing searches like water and drainage, chancel and environmental searches, and these should be listed clearly and charged to you at cost value.

    If you’d like to know more about disbursements click here, or here for information on average conveyancing prices.

     
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