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Transfer of Equity in Dursley

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 Dursley

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 13/01/17

Handy nearby public transport and services information -

The closest train station to Dursley is Cam and Dursley, about 3 miles away. The closest airport to Dursley is Gloucester Airport (17 miles).

Berkeley hospital is relatively close to Dursley.

Q.

How do I get low cost conveyancing in Dursley?

A.

The confusion over what is, and is not, included in a 'cheap' quote leaves many property buyers and sellers paying out more than they anticipated in the end, and many solicitors claim to offer 'the cheapest conveyancing quotes'. Often extra fees will be included in the terms of engagement. Any fees ought to be reasonable. They only be applied if your lawyer must complete additional work for you, which could not be anticipated at the start of the process.

Q.

What can we do to avoid paying for stamp duty on buying a house in Dursley?

A.

Stamp duty is generally due for houses sold for more than one hundred and twenty-five thousand pounds. Stamp duty avoidance is not recommended. These schemes are costly and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty tax may be payable, along with interest and penalties.

Q.

For a property valued at £449000. How is stamp duty worked out?

A.

The Stamp Duty Land Tax that is payable is calculated with reference to the property's value. On a £449000 house, stamp duty will be £13470.

Q.

What sort of searches in respect to the uncertain risk of floods in the Gloucestershire area will the property lawyer in Dursley do?

A.

A key component in the legal procedure of purchasing a property involves your conveyancing lawyer applying for environmental searches that go in detail in relation to Dursley flood risk area.

Q.

As a result of the extensive flooding in Sept 2012 in South West England we are questioning if flood risk searches aren't sufficient?

A.

The lawyer in Dursley will recommend that you also get conveyancing searches if the environmental searches spots a significant risk of flooding in Dursley

Property purchasers sometimes converse with a future neighbour to gain further assurance.

Q.

How do I go about ascertain whether the Dursley conservation area is not being properly maintained?

A.

Local conservation areas are specified by the local Stroud planning authority, who are responsible for everything from including things like street posts, dormer windows and building materials.

English Heritage, a government body, maintain a list of the state of repair of conservation areas.

Q.

The estate agent has put forward the property lawyer whom they usually use. Do I need to use this solicitor?

A.

Both agents and mortgage brokers will usually recommend a conveyancer, however, these referrals need to be weighed up against alternatives, as there is a risk that an agent may choose the conveyancer who pays out the highest referral fee, not the best value for you.

Q.

We are buying in Dursley on a new-build brownfield site. It seems tin (Sn) soil contamination may be an issue.

A.

Dursley agriculture or industry can cause topsoil contamination. Also considering issues such as perchlorate and water contaminants such as organic compounds, contaminants affecting Dursley property will be factored into an environmental search.

 
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