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Transfer of Equity in Shaftesbury

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 Shaftesbury

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

Shaftesbury data:

Bournemouth International Airport is 22 miles from Shaftesbury. and the closest train station to Shaftesbury is Shaftesbury T H.

Westminster Memorial Shaftesbury is a nearby hospital for Shaftesbury.

Q.

How do I find a discount conveyancing quote?

A.

Both high-street and online property lawyers offer cheap conveyancing, however extra costs are often hiding in the terms which unwary homeowners fail to check. Any disbursements to be paid should be included on your quote. The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Does our property lawyer in Shaftesbury inform me about the amount to be paid of council tax on a Band F maisonette before exchange of contracts?

A.

Your solicitor will approach the North Dorset local authority to enquire about the current council tax band and rates, which will subsequently be set out in the title report. The latest tax charges for homes in Shaftesbury are listed at the North Dorset council site. On 27 February 2013 band rates are:

  • Band A - £1,059.00
  • Band B - £1,235.00
  • Band C - £1,411.00
  • Band D - £1,588.00
  • Band E - £1,941.00
  • Band F - £2,294.00
  • Band G - £2,646.00
  • Band H - £3,176.00

Q.

What particular search enquiries will my Shaftesbury property solicitor do when instructed on a Shaftesbury flat?

A.

The customary legal procedure is to get Local Authority (personal or official), Drainage and Water Search (CON29DW or personal), Environment Search, Tin Search and Clay Search and, depending on certain criteria, area-specific searches, which might include Cheshire Brine Search.

Q.

When in the process should we instruct a conveyancer in Shaftesbury?

A.

If you use a solicitor offering a 'no move, no fee' guarantee, the earlier in the process you can instruct a solicitor, the better, as there are a number of tasks that can be carried

out immediately. Some groups suggest waiting before instruction until the offer is accepted, but delays can risk the other side pulling out, particularly in uncertain market conditions.

Q.

Unforeseen personal circumstances mean we would prefer to get underway and exchange contracts on the legal work on our jointly owned maisonette in under 30 days, do you use fast solicitors in Shaftesbury ?

A.

Many Shaftesbury solicitors are extremely sluggish which can add even more stress and worry to the house selling process. Our approach to conveyancing is different as we use leading edge fast response systems .

Importantly , we look after you with a carefully selected solicitor trained to communicate by phone and email with agents, landlords, councils and all parties in the buyer and seller chain .

Q.

Having heard about the groundwater flooding in Dorset, we are apprehensive that property conveyancing searches won't be sufficient?

A.

The solicitor in Shaftesbury should always carry out specialist food risk searches (Landmark database search) if the standard search determines a significant risk.

You may be able to converse with a neighbour to get more local history if you are still worried.

Q.

For a property valued at £654000, what will be calculated for Stamp Duty Land Tax rates?

A.

The SDLT that is payable is based on several factors, most importantly the purchase price. For a residential property bought for £654000, stamp duty is £26160 (information correct 15/01/2013).

Q.

The web is full of a plethora of publications giving details on by passing the solicitor for example How to Buy Your First Home (And How to Sell it Too). Do I therefore want to use a Shaftesbury property solicitor ?

A.

In theory, there is no argument why a home seller cannot look after the legal work unaided. That said, a conveyancer takes care of a huge array of actions ranging from chasing completion statements and apportioning service charges many of which need a qualified professional. Moreover solicitors practices are required to get applicable professional indemnity insurance to insulate you from any errors on the part of the solicitor.

 
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