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Transfer of Equity in Eastleigh

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 Eastleigh

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Eastleigh area info

Southampton Itchen Valley Country Park Country Park and Hansard Gallery Art Gallery are in the vicinity of Eastleigh.

Eastleigh is very close at approximately 0.25m of junction entry 13 Southbound of the M3.

Eastleigh's nearest airport is Southampton, Mitchell Way Airport. Southampton Airport is 2 miles, Bembridge IoW Airport is 24 miles, Sandown IoW Airport is 24 miles and Bournemouth International Airport is 24 miles away. The nearest train station to Eastleigh is Eastleigh, approximately a mile away.

The nearest hospital for Eastleigh is Nuffield Eastleigh.

Q.

We are looking for a cheap solicitor quote to buy a property. What should I check?

A.

Various firms offer cheap conveyancing, however extra fees are frequently hidden in the terms that property buyers and sellers often do not check. Get a quote using the Homeward Legal quote calculator for the property you are buying.

Q.

The property seller looks to have added inappropriate PVC windows on the building in Eastleigh which we think might possibly infringe conservation area criteria

A.

The conveyancing solicitor will confirm whether the property is affected by a designated conservation area and whether any alterations have necessary permission from the local authority.

If no appropriate consents be in evidence your solicitor will recommend the alternatives for example taking out an indemnity insurance or requesting retrospective consent from the appropriate local authority.

Q.

Which parts of Eastleigh are covered by a conservation area?

A.

These areas characterise local areas of special architectural or historic interest. The advantages of these restrictions

include confidence that property will retain its value, but they may impose liability on a buyer for unauthorised alterations made by previous owners. Your solicitor will be able to offer more information.

Q.

Are charges for obtaining copies of building regulation approval disbursements or fees?

A.

Fees and disbursements should be identified on a quote. These costs are fees not disbursements, and should be included in the quote for your conveyancing.

Q.

What do we need to know about 'fixtures and fittings'?

A.

Commonly, there is no clear definition of fixtures and fittings. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction, and which makes the completion of a fixtures and fittings form essential.

Q.

In 2 months we are looking to be finally moving from our period home in Eastleigh into a larger property in Chandlers Ford what is the right point to appoint a removals firm?

A.

We will advise that buyers and sellers put off arranging removals until exchange of contracts as a definitive date will not have been scheduled. Commonly home removals companies will charge a re booking amount . Try Cranbury's Removals & Storage, 67 Cranbury Road, Eastleigh, SO50 5HB on 023 80652630 or Steele & Co, Links House/Tower Ind Est/Tower La, Eastleigh, SO50 6NZ Phone: 01962 878553.

Q.

How do you work out stamp duty, how much should it be on a £883000 property?

A.

The Stamp Duty that will be due is based on the property's price. For a property estimated at £883000, the rate will be £35320.*

*Correct as of 01/03/2013

Q.

At what point is it wise to speak to a conveyancing solicitor to act for us?

A.

The short answer is, the earlier in the process you can instruct a conveyancing firm, the better, as there are several tasks that can begin straight away. Early instruction of a solicitor can limit the risk of the other side pulling out.

 
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