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Transfer of Equity in Somerset

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 Somerset

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

Somerset's closest station is Bridgwater at 5 miles. The closest airport to Somerset is Bristol Airport.

Bridgwater is the nearest hospital for Somerset.

Q.

I need to find the cheapest conveyancing solicitors in Somerset. and what is included?

A.

Many buyers seeking discount conveyancing are caught out by the lure of very low conveyancing rates. Many solicitors promote 'the cheapest conveyancing'. However extra fees are frequently hidden in the solicitor's terms of engagement. Fees included in terms and conditions should be fair and clearly defined. They be applicable solely where your solicitor must complete additional work , which could not be anticipated at the start of the process. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

I ideally want to complete on the conveyancing on a home very quickly - are Homeward Legal fast Somerset conveyancing solicitors ?

A.

Frequently conveyancing lawyers can be far too slow which usually adds further stress to the property legal process.

The use of state of the art software systems . We assign you a CQS conveyancing solicitor who will communicate with everyone in the buyer and seller chain like other buyers and sellers, for a fast sale

Q.

The property in Somerset being bought is on a brownfield site. Is the top-soil likely to remain contaminated by waste minerals like tungsten?

A.

Somerset agriculture or industry can cause soil contamination. Other sources of contaminated land include water contaminants such as petrol and trichloroethylene.

Q.

Does your firm do the conveyancing of property auction properties in Somerset?

Our company is accustomed to working with sellers at auction. Homeward Legals panel of conveyancing lawyers have in the past been instructed by numerous buyers at local auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Savvy auction buyers tend to formally appoint an experienced lawyer as rapidly as possible for a thorough review of the auction legal pack in advance of the auction day itself. Immediately following the auction day you are the lawyer will need to be geared up to conclude the conveyancing in less than the 28 day time frame as required by the standard auction conditions.

Q.

Would you advise that I get a chancel search? I am purchasing a Somerset flat close to rectory land.

A.

Chancel repair liability can require some Somerset home owners to fund upkeep of churches. A chancel search is employed to check whether such a liability exists. A conveyancing solicitor will be able to advise as to whether a chancel search is necessary, and recommend suitable insurance.

Q.

How much is the council tax on a converted Band F home in Somerset?

A.

You should be told about your homes council tax band as part of the conveyancer's title report. The correct rates for Somerset are set out at the Sedgemoor council website. At the time of authoring on 21 June 2012 rates are:

  • Band A - £966.00
  • Band B - £1,127.00
  • Band C - £1,287.00
  • Band D - £1,448.00
  • Band E - £1,770.00
  • Band F - £2,092.00
  • Band G - £2,414.00
  • Band H - £2,897.00

Q.

I am buying a property in Durleigh. Is a chancel search important?

A.

Your conveyancing lawyer may suggest that a chancel search is ordered. Through some church councils have determined to charge chancel repairs on current owners of lay rectorships, a solicitor cannot state with certainty that a parish where repair costs have not been paid before will continue to be free from liability, so it can be difficult to use this as a guide.

Q.

How is stamp duty determined, how much should it be on a £392000 property?

A.

The Stamp Duty payable will depend on a small number of factors, primarily the house's purchase price. It is £11760 on a £392000 house or flat (correct March 2013).

 
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