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Transfer of Equity in Isle Of Wight

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 Isle Of Wight.

Remortgage Solicitors Isle Of Wight

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Isle Of Wight 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.

Get an online Isle Of Wight solicitor remortgage quote to begin.

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or call us: 0800 038 6699


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Conveyancing in Isle Of Wight Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

Isle Of Wight area information

Carisbrooke Castle English Heritage and Arreton IOW Robin Hill CP Country Park are easily accessible from Isle Of Wight.

Smallbrook Junction station is around 7 miles from Isle Of Wight. Isle Of Wight's closest airport is Sandown IoW Airport (6 miles). Southampton Airport is 18 miles, Bembridge IoW Airport is 10 miles, and Bournemouth International Airport is 24 miles away.

The closest hospital to Isle Of Wight is Newport, St Marys.

Q.

On the purchase of a £758,000 house, what will be the fees? I need to find discount conveyancing in Isle Of Wight.

A.

Confusion over this point catches out many sellers and buyers, and can leave them paying far more in fees than they budgeted. Many solicitors offer so-called 'the cheapest conveyancing quotes'. Unfortunately extra fees are often hiding in the terms that sellers and buyers often do not check. Any extra charges needs to be fair and only come into force where your solicitor is required to complete extra work on your behalf, which could not be anticipated at the start of the process. Based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Are any of the conservation areas in Isle Of Wight are at risk?

A.

The estimation of the state of conservation areas in Isle Of Wight is noted by English Heritage (formerly Historic Buildings and Monuments Commission for England). The following data are available at English Heritage: Brading determined to be fair with medium vulnerability and deteriorating condition, Carisbrooke determined to be poor with medium vulnerability and deteriorating condition, Godshill determined to be fair with high vulnerability and deteriorating condition.

Q.

How can conveyancing for a purchase have so many delays?

A.

The conveyancing process in Isle Of Wight will occasionally be lengthy for many reasons. The delays may be out of the conveyancing solicitor's control. We do our best to lessen their cost wherever possible to do so by, for example, ordering searches as early as possible. Common delays include waiting for responses from third parties.

Q.

Do we need a chancel search if we are intending to purchase in the parish of Isle Of Wight?

A.

The Isle Of Wight conveyancing solicitor is likely to recommend a chancel search, irrespective of the parish where the house being bought is located. In Isle Of Wight's much older areas, chancel repair has the potential to be charged on owners of a house where Parochial Church Councils have not imposed the same liability on the last owners.

Q.

Is it recommended to avoid paying out for stamp duty land tax?

A.

Stamp Duty Land Tax (SDLT) is generally due on property sold for over one hundred and twenty-five thousand pounds. We do not recommend home movers get involved with any form of stamp duty avoidance. Such schemes are often uneconomical and unreliable.

Q.

Will my conveyancing quote introduce any hidden fees?

A.

No. Homeward Legal's solicitors never hide any additional fees. Some solicitor do not give accurate quotes, only estimates. The final bill you receive may be much more.

Q.

How much will our conveyancing searches cost?

A.

The cost of conveyancing searches does vary. In Isle Of Wight, the standard bundle of searches included a drainage search and a local authority search.

Q.

We are purchasing a 1960's property, do we need searches?

A.

These searches are a typical set of enquiries carried out on behalf of the party intending to buy the property, for example a limestone search, and only relate to legal facets of the purchase.

 
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