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Transfer of Equity in Plymouth

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 Plymouth.

Remortgage Solicitors Plymouth

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 18/01/17

Plymouth key residential data:

The latest Plymouth census shows that the population of the city is 542, 719. All of whom live in an area sized at 286, 837 hectares - giving a low density of 1.9 people per hectare.

Connecting motorways include the M5 which will take you as far as Exeter, then A roads until Plymouth.

Plymouth City Airport is just 4 miles from Plymouth and has several domestic flights leaving a day.

The nearest train station to Plymouth is ‘Plymouth’ which will directly connect you to London.

The most convenient hospital for Plymouth residents is the Royal Eye Infirmary Plymouth. Here you will find an extensive A&E department.

Q.

How do we get a discount conveyancing quote?

A.

The confusion over this matter catches out many homeowners and can leave them paying far more in fees than they budgeted and many law firms claim to offer cheap conveyancing quotes. Often additional charges are frequently hidden in the terms and conditions. These terms are often ignored by excited homeowners eager to get underway. Extra costs included in terms of engagement ought to be fair and clearly defined. Our quotes are not estimates stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

Is contaminated land a concern for the majority of houses in Plymouth?

A.

A range of contaminants caused by natural means or human activities can affect property in Plymouth. These include issues like having a close proximity to waste sites or telephone masts and pylons. An Environmental Search will offer more detail.

Q.

Will we need to get a chancel search for a property on the same road as land owned by the church in Plymouth?

A.

Chancel repair liability

can require owners to contribute towards the cost of maintenance of church property in the locality. This sometimes extends to thousands of pounds. Liability has the potential to heavily impact the value of a Plymouth property, but an indemnity policy may be available to protect the new owners. Church properties in the area where a Chancel Search may be necessary include Weston Mill St Philip, St Matthias and St Peter the Apostle.

Q.

What amount of time should the conveyancing process take, in your experience? We need to move quickly.

A.

For most residential properties, the time needed to transfer a property will vary, dependent on many factors such as when a third party is slow to respond or if the seller causes delays.

Homeward Legal’s solicitors ensure each client receives communicative and proactive service, resulting in the fastest possible outcome.

Read how to help the conveyancing process along yourself.

Q.

How can we ensure we get fast conveyancing in Plymouth?

A.

Finding a proactive and experienced solicitor is crucial to moving faster. Ask these questions when seeking a conveyancer:

  • Are phone, fax and email their preferred methods of contact?
  • Did you experience any delays when requesting a quote?
  • Do they offer a ‘no move no fee’ guarantee?
  • Call Homeward Legal on 0800 038 6699 to find out more about how we can speed up your conveyancing.

Q.

The Woolwich will be our mortgage lender - what do we need to know?

A.

Over the last two years, some lenders have limited the firms who can act for them. For buyers, this can result in significantly increased conveyancing costs. Homeward Legal will act for most mortgage lenders, ensuring that an additional lawyer will not be required to act for your lender.

Q.

How can the conveyancing process require months?

A.

Conveyancing could be delayed, Homeward Legal, however, strive to reduce their consequences by chasing for prompt responses. Delays may include a slow firm acting for the lender.

Q.

Our purchase will complete soon. How is Stamp Duty worked out?

A.

The amount of Stamp Duty you will pay is dependent on the purchase price.

Stamp Duty will be worked out in tiers, with the first one starting at £125,000. Anything under this amount will have no Stamp Duty.

The exact amount can be worked out on the government website.

*This information is accurate as of 01/12/16

 
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