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Transfer of Equity in Merriott

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 Merriott

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Merriott 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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Conveyancing in Merriott Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 08/12/16

Merriott attractions and landmarks

Seavington St Mary Churches Conservation Trust and Stocklinch Ottersey St Mary the Virgin Churches Conservation Trust are close at hand to Merriott.

Merriott's closest train station is Crewkerne and Merriott's nearest airport is Exeter International Airport (30 miles).

The nearest hospital for Merriott is Crewkerne.

Q.

There are lots of 'cheap' offers, but how do we find a good one? I need fixed rate Merriott conveyancing.

A.

Many law firms promote theoretically cheap conveyancing, however additional costs are frequently hidden in the terms. Excited sellers and buyers, eager to get underway, often ignore this small print when they instruct. Any disbursements ought to be listed on your conveyancing quote Any additional charges which are listed in your solicitor's terms ought to be reasonable and clear. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

How long should conveyancing to sell a house need, in your experience?

A.

The amount of time needed to buy or sell property is not wholly predictable, based on a number of concerns, for example, if either party has a mortgage. Our lawyers work hard to ensure the matter receives communicative and proactive service, resulting in the fastest possible outcome.

Q.

As a consequence of the extensive flooding in Sept 2012 in South West England I am wondering whether flood searches aren't sufficient?

A.

Conveyancing searches handled by your Merriott conveyancing solicitor should also include the more in depth search (Landmark) if the risk warrants it.

Perhaps you could speak to a local resident for some further local history.

Q.

Is it shrewd to do the conveyancing myself?.

Theoretically there is no reason why a seller cannot decide to embark on the legal work yourself.

In reality however, a solicitor in Merriott is familiar with a long list of jobs ranging from checking redemption statements or checking for any restrictive covenants some of which need training.

Q.

Sudden financial circumstances mean we have to exchange contracts on the sale of a share of freehold flat in as short a time as possible, are you fast Merriott solicitors ?

A.

We maintain that our solicitors by default take a an extremely efficient style to fulfilling the conveyancing Our lawyers method is different as we have invested in the latest CMS systems .

More importantly we provide you with a conveyancing property lawyer prepared to communicate through the whole of the home buyer and seller chain .

Q.

What does 'gazumping' mean?

A.

This describes circumstances where an offer is accepted, and then rejected, by the property seller, selecting instead a second purchaser's offer. The will be a risk of gazumping in any transaction, because offers are not binding until exchange of contracts. The first step in reducing the chance that gazumping will effect you is to instruct your property solicitor as soon as you can.

Q.

I am planning on buying a 1940s investment property in a conservation area in Merriott. Where does one uncover more data concerning the state of upkeep?

A.

English Heritage have assembled details in relation to the condition of conservation areas in addition to the trend of the area. Local conservation areas are created by South Somerset who preserve everything from public spaces to the inhibition of back illuminated signs.

Q.

Would you recommend that we get searches for chancel liability when I am buying in Merriott by land owned by the church?

A.

In Merriott, where land was once owned by a lay impropriators, new owners of that property may be obliged to cover the cost of upkeep of church property in the locality. Following a change in the law, interest over any affected land in Merriott must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Merriott churches include All Saints.

 
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