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Transfer of Equity in East Coker

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 East Coker.

Remortgage Solicitors East Coker

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/12/16

Helpful East Coker public service facts and figures -

The nearest train station to East Coker is Yeovil Junction, almost 2 miles away. The closest airport to East Coker is Bristol Airport.

Yeovil District is a nearby hospital for East Coker.

Q.

How do we find the best rates for conveyancing in East Coker for a £258,000 house?

A.

Many firms claim to offer cheap conveyancing quotes, but extra fees may be added into the terms, left unregarded by busy sellers and buyers Any additional charges should be fair and reasonable and come into force only if your conveyancer must complete additional work , which could not be anticipated at the start of the process. A quote for conveyancing in East Coker should also state third party costs, termed disbursements, to be paid.

Q.

We are buying on a new development ex-industrial site. Is the topsoil likely to be contaminated?

A.

Some metal contamination may have occurred throughout East Coker, but where substances causing significant pollution of surface waters or groundwater are found the land will be defined as 'contaminated'. Land may also be contaminated by other sources, including polychlorinated biphenyl (PCBs).

Q.

What do we need to calculate stamp duty and what should it be on a £1.171mil East Coker home?

A.

The Stamp Duty which will be owed is calculated based on a small range of considerations, including the value of the house, and whether it is in a 'disadvantaged area'. It is £58550 on a £1.171mil house or flat in East Coker.*

*Correct as of May 2012

Q.

Do I need searches for chancel liability? We are buying a property in East Coker.

A.

There are thousands of Church of England and Church of Wales parishes across the country. Owners of property within some of these may be required to contribute towards the cost of the repair of a local church. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Church lands in the local area which may give rise to chancel liability include St Michael & All Angels.

Q.

How much will our conveyancing searches cost?

A.

The cost of searches varies appreciably, subject to the searches your lender requires. They are charged 'at cost'.

Q.

Which local authority looks after East Coker?

A.

East Coker is located in South Somerset District Council, Council Offices, Brympton Way, Yeovil, Somerset, BA20 2HT, Call: 01935 462 462

Q.

For the purchase, my mortgage lender, we have chosen Halifax, what do we need to be aware of?

A.

In some cases, lenders are now reducing their 'solicitor panel', which may result in greater conveyancing costs for purchasers. Homeward Legal are able to act for the majority of lenders.

Q.

Do searches matter?

A.

These searches are an accepted collection of queries raised by the property solicitor through several agencies, and refer to legal-related matters.

 
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