By Ellie Pierpoint
4th January 2017
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 Ilminster.
Homeward Legal's panel of solicitors carry out remortgage conveyancing for Ilminster 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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When buying or selling a property in Ilminster, you will need to instruct a property lawyer to look after the legal work on your behalf.
Our network of solicitors have a wealth of experience of conveyancing in Ilminster and across Somerset. Our highly proactive approach means we complete the transaction in the shortest possible time.
Conveyancing solicitors who handle all the legal work for your sale or purchase for a fixed fee.
If for any reason your Somerset house move does not complete you will not be charged any solicitors fees.
Using their local experience, our CQS solicitors will guide you through the conveyancing process.
No additional fees whatsoever.
The nearest airport to Ilminster is Exeter International Airport (26 miles). The closest train station to Ilminster is Crewkerne.Q.
Stocklinch Ottersey St Mary the Virgin Churches Conservation Trust and Seavington St Mary Churches Conservation Trust are around Ilminster.
The most convenient hospital for Ilminster is Chard.Q.
Many online and high street firms purport to offer so-called cheap conveyancing. However extra costs are frequently hidden in the solicitor's terms of engagement.Q.
Your conveyancing solicitor makes an application for standard environmental searches, which include Ilminster flood risk area data.Q.
Buyers should be aware that some lenders have decreased the number of firms on their approved panel. For purchasers, this can result in significantly increased legal costs. Homeward Legal are able to act on behalf of the vast majority of lenders in the UK so that you will not be required to pay the lender's legal fees.Q.
The regular procedure is to obtain Local Authority Search, Drainage and Water Search (CON29DW or personal), Environmental and Tin Mining Search and perhaps unique particular e.g. a Development reports.Q.
Your conveyancing solicitor will always confirm if the property is within a designated conservation area and whether any modifications have the necessary consents from the local council.Should no local authority consents be in evidence your solicitor will recommend the alternatives such as purchasing an indemnity insurance policy or requesting retrospective approval from the planning authority.Q.
Property owners neighbouring a local church must cover the cost of repairs, where chancel repair liability exists. Parochial Church Councils in Ilminster must register their interest over property by October 2013, simplifying the chancel search process. Churches in the area where a chancel search may be appropriate include The Minster The Blessed Virgin Mary.Q.
Stamp Duty Land Tax is due on homes priced at over 125,000 pounds. Homeward Legal firmly advise against any stamp duty mitigation, as such schemes are expensive and can be very unlikely to succeed. There have been a number of official schemes, such as disadvantaged area relief.Q.
Environmental searches conducted by the Ilminster property lawyer will include a more detailed search (Landmark) if required.
You could also try to contact a local resident for that added assurance.