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Transfer of Equity in Plymstock

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 Plymstock.

Remortgage Solicitors Plymstock

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Plymstock attractions and landmarks

Saltram National Trust Plymouth National Marine Aquarium Aquarium and Royal Citadel English Heritage are close at hand to Plymstock.

Plymstock's closest train station is Plymouth. Plymstock's closest airport is Plymouth City Airport (4 miles).

The closest hospital to Plymstock is Mount Gould Plymouth.

Q.

We need to find a low cost conveyancing estimate. What should be watch out for?

A.

Both high-street and online solicitors advertise theoretically 'the cheapest conveyancing quotes'. Often extra charges are frequently hidden in small print. Excited homeowners, eager to get underway, often ignore this small print when they instruct. A quote for conveyancing in Plymstock must also state any disbursements to be paid. Costs found in your solicitor's terms should be reasonable. Our online quote calculator will generate an accurate quote for your transaction.

Q.

How is Plymstock contaminated land investigated when buying a house?

A.

Residential property in Plymstock would be contaminated by a broad range of natural and human-influenced issues, and an environmental search will reveal the extent to which a specific plot of land may be impacted by Plymstock contaminants such as coal mining. Contamination in Plymstock can be caused by local waste sites, such as Chelson Meadow Landfill Site, Plymouth, PL9 7JT.

Q.

Myself and my partner are planning to buy in Plymstock. How can we find out if the house is in a conservation area?

A.

The areas in or near Plymstock include numerous conservation areas. The conveyancing solicitor handling your purchase should be able to advise further and confirm potential liability for unauthorised works.

Q.

How do we hold off paying out for SDLT?

A.

Stamp Duty Land Tax must be paid for property purchases over one hundred and twenty-five thousand pounds. Stamp duty mitigation scheme should be treated with extreme caution in Plymstock, as such schemes are often uneconomical and very risky.

Q.

Should the fixtures and fittings include electric or gas fires?

A.

New owners are regularly frustrated by a lack of clarity over fixtures and fittings. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.

Q.

What specific conveyancing searches should the Plymstock conveyancer apply for when buying a Plymstock property?

A.

The customary legal procedure is to obtain Local Authority (personal or official), Drainage and Water Search, Environment Search, Tin Mining Search and China Clay Search as well as any specific local Plymstock searches, like a Land Charges Search (K15).

Q.

How can we determine Stamp Duty Land Tax, how much do we need to budget for a £1168000 house?

A.

The Stamp Duty Land Tax that is payable will depend on several factors, including the value of the property, and whether it is in a 'disadvantaged area'. On a £1168000 property, stamp duty will be £58400.*

*Correct as of August 2012

Q.

Is homewardlegal.co.uk geared up for 28 day completions on the conveyancing of auction properties in Plymstock?

A.

In fact we deal with auctions throughout the UK and do frequently carry out work for auction buyers and sellers. It SI highly advisable for buyers to decide on a SRA regulated solicitor asap to allow sufficient time for an investigation of the documents before the auction day.

Following the auction, a lawyer is able to concentrate on rapidly complete the conveyancing in the usual 28 days as conventionally required by the conditions of sale.

 
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