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Transfer of Equity in Guildford

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 Guildford

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

Living in the area? ;

In reference to the most recent (2011) national census Guildford's population is 725,368 spread over an area of 401,695 acres which equals a density of population of 1.8 people per acre.

Guildford's nearest airport is Farnborough (TAG London) Airport (10 miles). Heathrow Terminals 1 2 3 Airport is 18 miles, London Heliport Airport is 24 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 19 miles, Gatwick North Terminal Airport is 18 miles, Heathrow Terminal 4 Airport is 17 miles, Northolt Jet Centre Airport is 24 miles, White Waltham Airport is 20 miles and Blackbushe Airport is 14 miles away. The closest train station to Guildford is Guildford London Road.

Mount Alvernia Guildford is the nearest hospital to Guildford.

Q.

Can you confirm your cheapest fee for a £500,000 home? We need a fixed rate conveyancing estimate in Guildford.

A.

Many solicitors purport to offer 'the cheapest conveyancing quotes', but additional costs will be included in the solicitor's terms of engagement. This small print is often not read by buyers in a hurry. The conveyancing quote should also clearly state applicable disbursements. Any additional costs included in the small print should be fair and clearly defined and only come into force where your solicitor is required to complete extra work , which could not be anticipated at the start of the process. Our quotes are not estimates, stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

Please state how to get out of paying out for stamp duty?

Stamp duty mitigation scheme is not advised when buying in Guildford. Such schemes are highly expensive and can be very unlikely to succeed.

Q.

How much does our conveyancing searches usually cost?

A.

Conveyancing searches ranges in cost. Commonly ordered searches include an environmental search and a drainage search.

Q.

Could we be gazumped?

A.

The practice of choosing to reject a previously accepted offer on a home when a higher offer is made by a second buyer is referred to as gazumping. Although gazumping is less common in a declining market, there will always be a risk. The first step in reducing the chance that gazumping will effect you is to instruct a property solicitor as early as possible.

Q.

Which local authority is responsible for Guildford?

A.

Guildford is located in Guildford Borough Council, Millmead House, Millmead, Guildford, Surrey, GU2 4BB, Tel: 01483 505 050

Q.

Do we need a chancel search? We are buying next to parish grounds in Guildford.

A.

Chancel liability can require owners in Guildford to pay for repairs to specific local church buildings. After the passing of an Act in 2002, interest over any affected land must be registered by October 2013. Your conveyancing solicitor can provide more details. Guildford ecclesiastical properties include Stoughton Emmanuel, St Mary, Westborough St Francis and Stoke-nextSt John the Evangelist.

Q.

Can I confirm that a residence is in one of Guildford's conservation areas?

A.

Conservation areas indicate areas of architectural merit. Your lawyer will be able to offer more information and discuss the relevant responsibilities.

Q.

When in the conveyancing process should we instruct a conveyancer?

A.

The short answer is, as soon as possible, as the legal work can start immediately. Some sources suggest holding off instruction until the offer is accepted, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.

 
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