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Transfer of Equity in Gurnard

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 Gurnard

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 27/11/16

Local points of interest in Gurnard

Lepe Country Park Hampshire Passport and East Cowes Osborne House English Heritage are close at hand to Gurnard.

Gurnard's nearest airport is Sandown IoW Airport. Southampton Airport is 14 miles, Bembridge IoW Airport is 12 miles, and Bournemouth International Airport is 23 miles away and Gurnard's nearest train station is Ryde IOW, Pier Head at 7 miles.

The closest hospital to Gurnard is Newport, St Marys.

Q.

How do I find the best rates for conveyancing in Gurnard for a £581,000 house?

A.

This issue catches out many buyers, and can leave them paying far more in fees than they budgeted, and many solicitors purport to offer 'the cheapest conveyancing quotes'. However extra fees are frequently hidden in the solicitor's terms. Any disbursements should also be clearly stated on a quote based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Do we need to choose a law firm referred by the estate agent?

A.

An agent will have influence over a conveyancing firm they refer a lot of work to, and can therefore persuade a slow solicitor to work faster. However, if the agent is paid a fee by the solicitor, an agent may decide to recommend the solicitor willing to pay the highest referral fee, not the best value for you.

Q.

What can we do to hold off paying for stamp duty land tax?

A.

Homeward Legal do not recommend any stamp duty avoidance. These schemes are often uneconomical and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

How do I protect my offer from getting gazumped?

A.

This arises when a property seller approves an offer and later rejects it. Instead, they then go for a higher offer. It could occur even months into a transaction. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of gazumping. To reduce the likelihood of being gazumped, consider instructing a property solicitor as early as possible.

Q.

Which factors can contaminate land in Gurnard. Are they a concern?

A.

Land will be contaminated by numerous naturally-occurring factors, such as coal mining. An environmental search will reveal this in more detail.

Q.

How long on average should it take my designated solicitor to exchange the legal work on a flat in a Thirties house we hope to buy?

A.

The legal process can take anywhere between around a month and 12 weeks, which can depend on a number of things e.g. the speed of the vendor's conveyancing solicitor, or the time taken to issue draft contracts.

Q.

How soon is it appropriate to instruct a solicitor in Gurnard?

A.

In the majority of situations, the faster you instruct the better, as the legal work can begin immediately. Some groups suggest holding off instruction until an offer has been firmly agreed, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.

Q.

Can we confirm that the residence we are buying is in a conservation area?

A.

With 9300 conservation areas throughout England, the regions located near Gurnard will include a number of areas of special architectural or historic interest designated as protected. Your lawyer will be able to provide more details and discuss what specific restrictions are in place.

 
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