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Transfer of Equity in Somerton

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 Somerton

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 01/12/16

The closest airport to Somerton is Bristol Airport. Yeovil Pen Mill station is almost 9 miles from Somerton.

The closest hospital to Somerton is West Mendip Community Glastonbury.

Q.

What are the best rates for conveyancing for a £582k house?

A.

Confusion over this issue catches out many sellers and buyers, and can leave them paying far more in fees than they budgeted, and many conveyancers claim to offer cheap conveyancing quotes. However additional costs may be added into the small print. Any disbursements ought to be listed on any quote for conveyancing in SomertonOur quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

Will it be possible to get cracking and complete on the conveyancing on our co-owned property within 4 weeks, do Homeward Legal use fast Somerton conveyancing solicitors ?

A.

Regularly solicitors companies are very slow which adds a lot of aggravation to the property selling process.

Our property lawyers approach is different as we have invested in the latest HMRC and Land Registry integrated systems .

More importantly we give you a company trained to communicate through all parts of the property chain (line of buyers and sellers) .

Q.

What will the council tax cost me on a buy to let Band F maisonette in Somerton?

A.

The appropriate band will almost always be given as part of the conveyancing report on title, and by the governing local authority Up-to-date rates for properties in Somerton are set out online at the South Somerset local authority website. As of 03 August 2012 band rates are:

  • Band A - £991.00
    >
  • Band B - £1,156.00
  • Band C - £1,321.00
  • Band D - £1,486.00
  • Band E - £1,816.00
  • Band F - £2,146.00
  • Band G - £2,476.00
  • Band H - £2,972.00

Q.

For the purchase, my mortgage lender, we have chosen New Life Mortgages - is there anything we need to be aware of?

A.

In some cases, lenders have opted to reduce the size of their 'solicitor panel'. This can mean greater conveyancing costs for house purchasers. Homeward Legal are able to act on behalf of most lenders to keep legal costs to a minimum.

Q.

Our estate agent has offered a solicitor . Do we need to instruct them?

A.

If you choose a conveyancer referred through this route, you may have the benefit of the agent's willingness to persuade a solicitor to complete sooner. However, if they are paid a referral fee, it may be the case that the agent recommends the firm which pays to the largest referral fee, not the most appropriate choice.

Q.

We plan to purchase a home in the parish of Clevedon. Do we need a chancel search?

A.

The solicitor responsible for your move may suggest a chancel search. In Somerton's much older areas, chancel repair can be imposed on the owners of a house where Parochial Church Councils may have spared previous owners or tenants, so it can be difficult to use this as a guide.

Q.

Which local authority looks after Somerton?

A.

Somerton is located in South Somerset District Council, Council Offices, Brympton Way, Yeovil, Somerset, BA20 2HT, phone: 01935 462 462

Q.

Will you need a chancel liability search? I am buying in Somerton.

A.

Owners of property near to an old church building may be required to fund repairs. This is referred to as chancel repair liability. Parochial Church Councils in Somerton must register their interest over property by October 2013, simplifying the chancel search process. A conveyancing solicitor will be able to advise further. Somerton church lands where a chancel search may be necessary include St James, St Margaret and St Michael & All Angels.

 
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