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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: 23/01/17

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.

The residence being purchased is on a brownfield site. Is chromium (Cr) topsoil contamination likely?

A.

Regulations have been passed to control pollution, waste, water and chemical contamination. Metal contamination of topsoil in Somerton is more likely to occur near ex-industrial sites or ex-landfills. Data on other contaminants, like industrial storage and water contaminants such as hydrocarbons, will also be included in an environmental search.

Q.

Which environmental factors can contaminate land in Somerton. Will they be checked for thoroughly?

A.

A range of contaminants may seriously affect property in Somerton, like military land. An environmental search can provide much more clarity. Higher Hurcott Farm, Somerset, TA11 6AAcould be a local cause of land contamination in Somerton.

Q.

What will the Somerton property solicitor recommend if the house we hope to invest in is within a South Somerset local authority conservation area and turns out to have unsuitable cladding fitted?

The local authority LLC1 searches conducted by your Somerton conveyancing solicitor as part of the conveyancing should ascertain if the property is within a conservation area and evidence of local authority approval for alterations will be supplied.

Q.

Of main Somerton mortgage lenders, who is on your panel?

A.

We have solicitors who have experience working with the bulk of lenders approved by the Council of Mortgage Lenders. A number of mortgage specialists operate in Somerton, like Completely Independent Ltd, Behind Berry, Somerton, TA11 7PD.

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.

Flood searches are estimated from archived data and when you factor in current events for instance the flooding in Sept 2012 in South West England are they comfort enough to confirm sufficient information about the changing Somerton risk of flooding?

A.

The conveyancing solicitor in Somerton will advise you to apply for property conveyancing searches (Landmark search) if the initial conveyancing searches flag up a risk of flooding in Somerton.

It is not uncommon for buyers to get in touch with a neighbour or local resident for additional information.

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.

 
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