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Transfer of Equity in Truro

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 Truro

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/12/16

As reported by the most recent (2011) national census Truro has a population 293,864 people spread over an area of 140,662 hectares (347,582 acres) which equals a population density of 2.1 people per hectare or 0.8 per acre.

Truro's nearest train station is Truro at 1 mile s. Truro's closest airport is Newquay Airport. Penzance Airport is 23 miles and away.

Royal Cornwall Treliske is the closest hospital for Truro.

Q.

Although there are lots of £99 fixed quotes online, how do we find a reputable one? I need to find affordable conveyancing.

A.

Various law firms claim to offer theoretically 'the cheapest conveyancing quotes'. Often additional costs may be added into small print which homeowners may have not read carefully Our online quote calculator will generate an accurate quote for your transaction.

Q.

How much time can the legal work to transfer a house generally take? The property is also local.

A.

The number of weeks taken to transfer a house can vary. This wide range results from numerous concerns. These may include where management information is required. Our conveyancing solicitors work hard to ensure every sale is undertaken as quickly as possible.

Q.

Can I bypass paying SDLT?

A.

SDLT must be paid for houses priced at over 125,000 pounds. We do not recommend buyers expose their finances to any form of stamp duty reduction scheme, as such schemes are expensive and HMRC may challenge a scheme up to six years later.

Q.

We are buying in Truro on a new-build former industrial site. Could the soil be contaminated by industrial waste like rubidium?

A.

Effort is made in all parts of Truro and the UK to rectify soil contamination. Other sources of contaminated land include groundwater contaminants like hydrocarbons.

Q.

Do we need to choose a law firm suggested by the estate agent in Leatherhead?

A.

It is commonplace for agents in Leatherhead to recommend a conveyancer. However, if the agent is paid a fee by the solicitor, some agents choose the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.

Q.

We are using a lender in Cornwall, and need to know which Truro lenders your lawyers are able to work with. Whose panels are you on?

A.

We have solicitors with experience working alongside most lenders approved by the CML. A number of mortgage specialists operate in Truro, such as G E Money Lending Solutions, Kernow House/Gas Hill, Newham, Truro, TR1 2XP, South West Mortgages, 96-97 Kenwyn St, Truro, TR1 3BX, and Fineants Ltd, 69 College Way, Gloweth, Truro, TR1 3RX. The solicitor handling your conveyancing transaction can carry out any relevant lender-imposed searches or checks.

Q.

How much does searches cost?

A.

With a Homeward Legal solicitor, clients are charged at most £249 for conveyancing searches. Searches are paid to a third party.

Q.

Environmental searches are standard procedure for home buyers but when one considers recent events for example the major flooding in Sept 2012 in South West England are they the best way to see sufficient information about the Truro risk of flooding?

A.

Flood risk searches handled by a solicitor in Truro will include the far more detailed search (Landmark) if required.

You can always get in touch with a local resident to gain extra local history.

 
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