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Transfer of Equity in Folkestone

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 Folkestone.

Remortgage Solicitors Folkestone

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

Folkestone points of interest

Kent Battle Of Britain Museum Aviation Museum and Capel-le-Ferne St Mary the Virgin Churches Conservation Trust are close at hand to Folkestone.

Folkestone's nearest station is Folkestone Central and Lydd Airport is 13 miles from Folkestone. Manston Airport is 21 mile and away.

Folkestone is very close at 1m of the M20 junction entry 13 Eastbound.

The nearest hospital is Royal Victoria Folkestone.

Q.

How do we find affordable conveyancing?

A.

Both high-street and online firms claim to offer so-called cheap conveyancing, however extra charges may be added into the solicitor's terms of engagement. A quote should also state third party costs, termed disbursements, to be paid.Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

If my family are buying a Folkestone house close to church grounds, do you need a chancel liability search?

A.

The outcome of a landmark case 10 years ago reaffirmed that 'lay impropriators' of property must subsidise church repairs. Following a change in the law, interest over any affected land in Folkestone must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Ecclesiastical properties in the local area include Christ Church, St John the Baptist, St Saviour and St Mary & St Eanswythe.

Q.

What average time will it take our assigned property solicitor to conduct all of the legal process on an apartment in a recently developed home we hope to buy?

The conveyancing process can take anywhere between one month and 3 months, which can be hampered by various issues for example the efficiency of the vendor's conveyancer, or the speed of your lender.

Q.

What property conveyancing searches does the conveyancing solicitor in Folkestone get when acting on a Folkestone flat?

A.

Normal legal protocol will be to obtain Local Authority, Drainage and Water Search, Environment Search and Coal Mining (Con29M) and, depending on certain criteria, less common searches e.g. a Chancel Check.

Q.

Is top-soil in Folkestone contaminated by cobalt?

A.

Metal contamination may have occurred throughout Folkestone, but an plot will be marked as 'contaminated land' if the risk to human life is unacceptable. Metal contamination of soil in Folkestone is more likely to occur near ex-industrial sites or ex-landfills. Data on other contaminants, like chlorinated solvents and groundwater contamination, will also be included in an environmental search.

Q.

For a residential property valued at £728000. How is stamp duty calculated?

A.

Stamp Duty is based on the valuation. On a £728000 house or flat, stamp duty will be £29120.*

*Source: www.hmrc.gov.uk, July 2012

Q.

Will my conveyancing for my purchase in Folkestone introduce any extra fees?

A.

No. Homeward Legal do not charge any extra, hidden fees whatsoever. Know that some firms only provide estimates disguised as quotes. The bill you receive on completion can be much greater.

Q.

Is there anything I can do to circumvent paying stamp duty to HM Revenue?

A.

Stamp Duty Land Tax is usually due on houses over £125,000. Stamp duty reduction scheme should be treated with extreme caution, as such schemes are often uneconomical and HMRC may challenge a scheme up to six years later.

 
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