By Ellie Pierpoint
24th January 2017
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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Homeward Legal's panel of solicitors carry out remortgage conveyancing for Tisbury 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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If you are buying or selling a house or flat in Tisbury, you will need to get a lawyer to look after the legal work for your move.
Homeward Legal's solicitor network have vast experience helping home buyers and sellers in Tisbury and all over Wiltshire and our proactive approach often means we complete the transaction in the shortest possible time.
Our solicitors carry out all the conveyancing work for your house move for a fixed price.
You will not be charged any property legal fees, if your Wiltshire move does not complete.
Using local conveyancing expertise, our solicitors will guide you through every aspect of the legal process.
No additional fees whatsoever.
Tisbury's closest train station is Tisbury and Bournemouth International Airport is 23 miles from Tisbury.
Westminster Memorial Shaftesbury is a nearby hospital for Tisbury.Q.
This point catches out many buyers and sellers, and can leave them paying far more in conveyancing fees than they budgeted. Many conveyancers advertise cheap conveyancing. However additional costs can pad the final bill. The conveyancing quote ought to define any disbursements.Q.
If you choose a conveyancer referred through this route, you your agent may be able to induce a slow solicitor to work faster. Such referrals should be compared against alternatives, such as local solicitors, or firms found online, as it may be the case that the agent recommends the firm which pays to the largest referral fee, not the most appropriate choice.Q.
The property lawyer will consult with the council to enquire about the latest council tax band and rates, which should then be detailed in the conveyancer's title report. The correct rates for properties in Tisbury are detailed at the Wiltshire local authority site. At the time of writing on 19 June 2012 the different rates are:
The lawyer in Tisbury will include flood risk searches if the environmental search determines a Tisbury flood risk area data
For greater area background you can get in touch with a neighbour.Q.
It is firmly advised that you arrange a RICS surveyor to carry out a survey when you plan to buy in Tisbury. There are a range of defects that can negatively affect a property, which a conveyancing solicitor will not report on. These can include cracks in walls.Q.
The convention of choosing to reject the first offer post-acceptance when a better one is made by another buyer is known as gazumping. Although being gazumped is less common in a declining market, there will always be a danger. Instructing a conveyancing solicitor early, and even before acceptance of an offer is a key first step to reducing this risk.Q.
The Stamp Duty Land Tax you must pay depends on several factors, including the purchase price. For a Tisbury property sold for £1049000, the rate will be £52450.Q.
If obtaining a mortgage the lender requires you to at least specific searches, including - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environmental, and occasionally less common searches, which might include Index Map Search (SIM).