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Transfer of Equity in Martock

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 Martock.

Remortgage Solicitors Martock

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Local transport information

Bristol Airport is 29 miles from Martock. Yeovil Pen Mill train station is about 7 miles from Martock.

The most convenient hospital for Martock is South Petherton.

Q.

How do I get the best conveyancing rates for a £248,000 house?

A.

Various law firms claim to offer supposedly 'the cheapest conveyancing quotes', however extra charges are frequently hidden in the terms. Fees included in terms and conditions should be reasonable and clear. Get a quote using the Homeward Legal quote calculator for the property you are buying.

Q.

Is Martock soil potentially contaminated by uranium?

A.

There are regulations in place to restrict soil contamination. Also considering issues such as groundwater contaminants like detergents, contaminants affecting Martock property will be factored into an environmental search.

Q.

What type of local authority searches as respects the potential risk of local flooding in the Somerset area will a Martock property solicitor carry out for a Sixties property we are purchasing?

A.

A lawyer makes an application for standard formal conveyancing searches, which include Martock historical flood risk data. A more thorough Somerset database search, such as the Homecheck search, will typically be advised by a qualified Martock lawyer, if in the event that the enviro. search show that there is a potential flood risk to the Sixties property.

Q.

The estate agent has referred the conveyancing solicitor. Should we use this solicitor?

Your agent may recommend a solicitor. If the agent is paid a referral fee, however, some agents choose the solicitor willing to pay the highest referral fee, not the best solicitor for your needs.

Q.

Do homewardlegal.co.uk have experience with the conveyancing for auction properties in Martock?

A.

Our residential property lawyers commonly handle the legal work for buyers and sellers at auction. We invariably advocate auction buyers to decide on a CQS lawyer before the actual auction to allow enough time for an investigation of the auction pack. Immediately following the auction day your instructed lawyer is wholly geared up to completing the legal work in a as tight time frame as conventionally required .

Q.

What will the council tax cost for a period Band A flat in Martock?

A.

Your council tax band should in most cases be reported as part of the conveyancing report on title, and by the governing local authority. The correct rates for homes in Martock are published at the South Somerset local authority site. At the time of authoring on 27 June 2012 rates are:

  • Band A - £991.00
  • Band B - £1,156.00
  • Band C - £1,321.00
  • Band D - £1,486.00
  • Band E - £1,816.00
  • Band F - £2,146.00
  • Band G - £2,476.00
  • Band H - £2,972.00

Q.

Can I avoid paying for stamp duty on our Martock property?

A.

Stamp Duty Land Tax commonly must be paid for residential property valued at over £125,000. We strongly advise against any stamp duty mitigation scheme, because these schemes are costly and the HMRC can review a scheme up to 6 years after a sale is completed .

Q.

If we are purchasing a residence on the same street as rectory grounds in Martock, is it important that I get a chancel search?

A.

In Martock, some owners can be required to contribute towards the cost of repairs to local churches. Several sources are used to determine liability in Martock, including county histories. Martock ecclesiastical properties where a chancel search may be appropriate include All Saints.

 
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