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Transfer of Equity in Ilfracombe

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 Ilfracombe

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

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Ask Lorraine a question

Updated: 17/01/17

Commuting to the Ilfracombe area? ;

Barnstaple train station is almost 9 miles from Ilfracombe. Ilfracombe's nearest airport is Swansea Airport (28 miles).

Ilfracombe Tyrrell is the nearest hospital.


How do I find the best rates for conveyancing in Ilfracombe for a £343,000 residence?


This catches out many property buyers and sellers, and can leave them paying far more in fees than they budgeted, and many conveyancers purport to offer so-called 'the cheapest conveyancing quotes'. However additional costs are frequently hidden in the solicitor's terms of engagement, left unread by preoccupied property buyers and sellers Extra charges should be reasonable and clear. A quote should, in addition, define third party costs, termed disbursements, to be paid.We provide quotes, not estimates, and clearly state the fees for a standard conveyancing.


Is soil in Ilfracombe contaminated by beryllium (Be)?


Soil contamination is carefully monitored. Land may also be contaminated by other sources, including acidic compounds and water contaminants such as bleach.


Can I bypass paying for stamp duty to the Revenue?


Stamp Duty Land Tax is usually due for home purchases priced at over 125,000 pounds. We do not advise property buyers expose their finances to any stamp duty mitigation. These schemes are often uneconomical and unreliable. There have been a small number of government initiatives, however, such as higher thresholds for first-time buyers.


What is the risk of gazumping?


Gazumping happens when a property seller acknowledges an offer, only to dismiss it, opting for a better offer. It could happen only

days prior to exchange. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a danger of being gazumped. Consider instructing an efficient solicitor early, and even before acceptance of an offer to reduce the chance of your offer being gazumped.


Are there many areas of conservation in Ilfracombe?


Buyers in Ilfracombe should be aware of a number of local conservation areas. The property solicitor handling your purchase should be able to offer more information and confirm potential liability for unauthorised works.


Will my assigned conveyancing solicitor in Ilfracombe tell me about the amount to be paid of council tax for a Band G building before exchange of contracts?


A property solicitor will write to the North Devon local authority to ascertain the applicable council tax rates, which will be written in the conveyancing report on title.

Correct rates for residents of Ilfracombe are listed on the North Devon council website. At the time of writing (18 December 2012) rates are as follows:

  • Band A - £1,040.00
  • Band B - £1,213.00
  • Band C - £1,386.00
  • Band D - £1,560.00
  • Band E - £1,906.00
  • Band F - £2,253.00
  • Band G - £2,599.00
  • Band H - £3,119.00


What will the charge for our conveyancing searches be?


Searches range in cost, depending on the searches required by your lender. They are disbursements paid to a third party.


Why does conveyancing for a Ilfracombe property sale seem to be so slow?


The legal work involved in buying or selling Ilfracombe property will occasionally be lengthy for many reasons. The causes are on occasion regrettably beyond your solicitor's power, Homeward Legal, however, work hard to diminish their impact where it is possible to do so by, for example, ordering searches as early as possible. Reasons for delay can include slow third parties such as landlords or managing agents.