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Transfer of Equity in Chipping Sodbury

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 Chipping Sodbury.

Remortgage Solicitors Chipping Sodbury

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Chipping Sodbury 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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Conveyancing in Chipping Sodbury Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 05/12/16

Pertinent regional services information

The closest airport to Chipping Sodbury is Bristol Airport (17 miles). The closest train station to Chipping Sodbury is Yate.

Chipping Sodbury is approximately 3 miles off the M4 junction entry 18 Westbound.

Emersons Green, NHS Treatment Centre is the closest hospital.

Q.

How do we find low cost conveyancing in Chipping Sodbury?

A.

Many solicitors claim to offer cheap conveyancing, but extra fees will be included in the terms and conditions, left unread by preoccupied buyers and sellers Any extra charges found in terms and conditions should be fair and clearly defined. The Homeward Legal quote calculator will confirm the solicitors' fees, based on the property you are buying.

Q.

Which local authority is responsible for Chipping Sodbury?

A.

Chipping Sodbury is located in South Gloucestershire Council, The Council Offices, Castle Street, Thornbury, South Gloucestershire, BS35 1HF, Tel: 01454 868 009

Q.

For a lender, we have chosen Bradford and Bingley, is there anything I need to know?

A.

When arranging a mortgage to purchase a property, your lender will require legal work to be carried out on their behalf. Buyers should be aware that some lenders are now limiting the firms who can act for them, which may result in increased legal costs for buyers. We, though, are able to act for the vast majority of lenders in the UK, keeping buyers' legal costs to a minimum.

Q.

Is a postage, photocopying and phone calls fee a fee or disbursement?

A.

Fees and disbursements ought to be stated on your conveyancing quote, with no additional costs in the terms and conditions. This cost is a fee not a disbursement. It should be included in your quote.

Q.

Which environmental factors can impact land in Chipping Sodbury. Will they be checked for thoroughly?

A.

Many of contaminants may seriously affect land in Chipping Sodbury, like hazardous and regulated installations. An environmental search will reveal this in more detail.

Q.

What can we do to get out of paying out for stamp duty to HM Revenue?

A.

Stamp duty is usually due for property over 125,000 pounds. Stamp duty reduction scheme should be treated with extreme caution, as such schemes are highly expensive and the HMRC can review a scheme up to 6 years after a sale is completed imposing penalties and investigating all your tax matters. There have been certain legitimate initiatives, however, such as disadvantaged area relief. You will be able to confirm your eligibility for any such active initiatives with your solicitor..

Q.

How is stamp duty assessed?

A.

The rate of stamp duty you pay is dependent on the property's price. Stamp duty will be £39080 on a £977000 house.*

*This information correct as of January 2013

Q.

Could our conveyancing fees for our Chipping Sodbury sale have any extra charges?

A.

Unfortunately, the practice of hiding extra costs in the 'small print' is quite common. Homeward Legal will not charge any extra, hidden costs. Some conveyancers give 'quotes' which are in fact estimates, which could be totally different to your final invoice.

 
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