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Transfer of Equity in Sandhurst

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 Sandhurst

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 04/12/16

Local data:

Drivers are well served with Sandhurst having excellent major road access roughly three miles of Junction 4 Southbound of the M3.

Sandhurst's nearest station is Sandhurst. Sandhurst's closest airport is Blackbushe Airport (2 miles). Heathrow Terminals 1 2 3 Airport is 18 miles, Heathrow Terminal 5 Airport is 17 miles, Farnborough (TAG London) Airport is 5 miles, Heathrow Terminal 4 Airport is 18 miles, Northolt Jet Centre Airport is 23 miles, White Waltham Airport is 11 miles s, and Booker Airport is 19 miles away.

Broadmoor is a relatively close hospital to Sandhurst.

Q.

How do I find the best rates for conveyancing for a £667,000 house?

A.

Lack of clarity over this topic catches out many buyers, and can leave them paying far more in fees than they budgeted. Many firms advertise supposedly cheap conveyancing quotes. Often additional costs will be included in the terms. Extra charges should be fair and come into force only if the lawyer must perform additional tasks for you, which could not be anticipated at the start of the process.

Q.

What causes the sale conveyancing process to take months to complete?

A.

Conveyancing will occasionally be obstructed. Homeward Legal understand how frustrating these are and aim to diminish their cost by using fast search providers.

Q.

The property being purchased is on a former industrial site. Could the top-soil be contaminated by industrial waste like arsenic?

A.

Restrictions exist to control soil contamination, decades after exposure the effect of some contaminants can be felt. The local authority for Sandhurst will be able to provide more detail on cases of contamination.

Q.

Will we need a chancel search if I plan to buy in the parish of Great Barrington?

A.

Regardless of the Sandhurst parish you are purchasing in, the lawyer may suggest that a chancel search be taken out. In older areas of Sandhurst, chancel repair may be apportioned on the current owners of a residence where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners, so it can be difficult to use this as a guide.

Q.

What can we do to avoid paying stamp duty to HM Revenue?

A.

We firmly advise against any stamp duty reduction scheme, as such schemes are often uneconomical and HMRC may challenge a scheme up to six years later and the total stamp duty tax may be payable.

Q.

For a fast completion to buy a £ 272,000 residence, how could we accelerate our conveyancing process?

A.

Contacting a proactive, diligent solicitor is essential to a fast completion. There are a number of tasks you as the buyer could do to get moving sooner, including, promptly answering your solicitor's questions, confirming your mortgage offer and calling or emailing your solicitor, and chase them if you suspect any delays.

Q.

Our local agent has put forward a conveyancing which they often use. Is it a good idea to use them?

A.

If you choose a solicitor referred through this route, you may have the benefit of the agent's willingness to encourage a slow solicitor to work faster. However, if they are paid a referral fee, the agent may prefer to suggest whichever firm pays the most per referral, not the best value for you.

Q.

Do you need a chancel search? We are purchasing a house in Sandhurst.

A.

Where land in Sandhurst was once owned by a lay-rector, new owners of that property may be obliged to cover the cost of repairs to church property in the locality. A number of sources are used to identify liability, including parish archives. Churches in this area include Coffee Spot, Mission Church, Royal Memorial Chapel and St Lawrence.

 
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