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Transfer of Equity in Glastonbury

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 Glastonbury

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Read about Glastonbury ;

Glastonbury's nearest train station is Castle Cary at 9 miles and the nearest airport to Glastonbury is Bristol Airport.

The most convenient hospital for Glastonbury is West Mendip Community Glastonbury.

Q.

How do we find the cheapest Glastonbury conveyancing quote?

A.

This topic affects many homeowners who opted for a very cheap quote, only to be stung later in the conveyancing process. Many solicitors advertise supposedly cheap conveyancing quotes, however extra charges can pad the final bill. Additional charges listed in the solicitor's terms should be fair and only come into force where the conveyancer is required to complete extra work on your behalf, which could not be anticipated at the start of the process. Your quote should list applicable disbursements.Our online calculator will create an accurate quote for your buy.

Q.

When buying a 1940s property in the middle of a conservation area. How do I find information on the state of upkeep of the Glastonbury conservation area?

A.

Local Glastonbury conservation areas are nominated by Mendip who preside over things like paths and footpaths to the halting of excessive road signs. English Heritage have assembled a list of the condition of conservation areas in England.

Q.

Which property will the Glastonbury property lawyer carry out when carrying out the conveyancing for a Glastonbury property?

The regular conveyancing procedure will be to get Local Authority, Drainage Search (Con29DW or personal), Environment Search and Tin Search and occasionally less common searches, which might include Planning report.

Q.

How is stamp duty measured, and how much should it be on a £140000 property?

A.

Stamp Duty will rely on the valuation. It is £1400 on a £140000 residential property (source: www.hmrc.gov.uk, November 2012).

Q.

Do you recommend looking into how to bypass paying for stamp duty tax?

A.

Stamp duty is due for homes sold for more than £125,000. Homeward Legal do not recommend any stamp duty avoidance. These schemes are often uneconomical and can be very unlikely to succeed.

Q.

Which zones of Glastonbury are protected by a conservation area?

A.

Conservation areas denote streets and neighbourhoods of historical or architectural value. Your solicitor will be able to offer more information and address the impact buying in a conservation area may have.

Q.

When in the process should you arrange a conveyancing solicitor to handle our purchase?

A.

If you choose a solicitor with 'no move, no fee' protection, the faster you instruct the better, as the legal work can begin very early in the process. Promptly instructing a firm for your Glastonbury transaction can reduce any chance of your sale or purchase falling though.

Q.

If we are buying on the same road as parsonage grounds in Glastonbury, do I need to get a chancel search?

A.

Where land in Glastonbury was once owned by a lay-rector, new owners of that property may be obliged to cover the cost of maintenance of older church buildings. Following the Land Registration Act 2002, interest over any affected land in Glastonbury must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Glastonbury Church of England properties where chancel liability may apply include St Benedict and St John the Baptist Church.

 
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