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Transfer of Equity in Templecombe

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 Templecombe

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 05/12/16

The nearest train station to Templecombe is Templecombe, approximately a mile away. Bournemouth International Airport is 30 miles from Templecombe.

Verrington Wincanton is the most convenient hospital.

Q.

How do we get low cost conveyancing?

A.

Both high-street and online conveyancers offer so-called 'the cheapest conveyancing quotes'. Often additional fees are often hiding in small print, left unregarded by busy buyers Any extra charges which are listed in terms of engagement should be reasonable and be applied only where the conveyancer must perform additional tasks for you, which could not be anticipated at the start of the process. Applicable disbursements should also be included on a Templecombe conveyancing quote. The Homeward Legal quote calculator will confirm the solicitors' fees, based on the property you are buying.

Q.

We plan to complete on around 19th May, how is stamp duty calculated?

A.

The Stamp Duty payable will depend on the purchase price of the property. On a £512000 house, stamp duty will be £20480 (correct March 2013).

Q.

What causes purchase conveyancing work to require so much time and effort?

A.

Conveyancing can be lengthy for a variety of reasons. Some reasons are out of the solicitors' control. Homeward Legal strive to lessen their impact whenever we can. There are numerous reasons for delay, such as waiting for a mortgage offer.

Q.

What will the council tax cost me for a residential Band G maisonette in Templecombe?

A.

Your appropriate band should typically be highlighted in the conveyancing report on title along with the local authority. Up-to-date rates for Templecombe are published online at the South Somerset council site. At the time of writing on 19 June 2012 rates are as follows:

  • 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.

How much does my searches generally cost?

A.

The cost of searches varies noticeably, depending on the searches required by your lender. Commonly ordered searches include a local authority search and a drainage search.

Q.

Will we need a chancel search? We are buying on the same street as a parsonage in Templecombe.

A.

The judgement in Aston Cantlow (PCC) v Wallbank reaffirmed that 'lay rectors' of property must cover the cost of church repairs. Owners who have bought property prior to 2003 may be totally unaware that a liability exists if a chancel search was not carried out. Your solicitor can provide more details. Church lands in Templecombe which may give rise to chancel liability include The Blessed Virgin Mary.

Q.

Which local authority looks after Templecombe?

A.

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

Q.

What do conveyancing searches appertain to?

A.

Conveyancing searches are queries ordered by the purchaser's property lawyer. They are unrelated to a building survey and are unable to address physical defects.

 
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