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Transfer of Equity in Verwood

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 Verwood

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/01/17

The closest train station to Verwood is Pokesdown. Verwood's closest airport is Bournemouth International Airport (7 miles). Southampton Airport is 23 miles and away.

St Leonards Community is the nearest hospital to Verwood.

Q.

How do I find a discount conveyancing quote?

A.

This catches out many property buyers and sellers, and can leave them paying far more in conveyancing fees than they budgeted. Many solicitors promote theoretically cheap conveyancing quotes. However additional costs may inflate your solicitor's invoice. Extras should be fair. Your conveyancing quote should state costs to be paid to third parties, like the local authority, (disbursments).The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Will we need a chancel search if I am purchasing in the parish of Fleet?

A.

The Verwood conveyancing solicitor might recommend a chancel search, whichever parish in which the building being purchased is located. In Verwood's much older areas, chancel repair dues can be collected on owners of a building where parish councils have previously chosen not to do so, so it can be difficult to use this as a guide.

Q.

What can a Verwood property lawyer do when the flat we hope to purchase is situated in a local authority conservation area and has unfitting cladding fitted?

A.

Your property lawyer should see if your proposed purchase is inside a conservation area, and if so, whether any alterations have the essential consents from the East Dorset planning authority.

Q.

Can we circumvent paying HMRC stamp duty?

A.

Stamp duty is payable on purchases sold for more than one hundred and twenty-five thousand pounds. Homeward Legal do not recommend buyers arrange any stamp duty avoidance. These schemes are highly expensive and the HMRC can review a scheme up to 6 years after a sale is completed meaning that the full stamp duty amount will be payable, with potential fines. There have been a number of government-sponsored schemes, on the other hand, such as relief for buyers in 'disadvantaged areas'.

Q.

Of the large Verwood lenders, who is on your panel?

A.

Of lenders with local offices in Verwood, Homeward Legal work with the bulk of them. Verwood lenders and mortgage specialists include Advisory Financial Services, The Palms/Stagswood, Verwood, BH31 6PX.

Q.

Is gazumping prevalent in Verwood?

A.

The convention of choosing to reject a previously accepted offer on a home after a new buyer makes a more attractive offer is known as gazumping. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of being gazumped. Instructing a conveyancing solicitor as early as possible to handle your transaction should help to reduce the likelihood of gazumping.

Q.

My mortgage lender will be Platform Home Loans - what do I need to be aware of?

A.

Buyers in Verwood need to be aware that some lenders have reduced the number of firms on their approved panel, which may result in greater legal costs for buyers. We can act for all major mortgage lenders to ensure that you will not need to pay the lender's legal fees.

Q.

May our property legal fees incorporate any extra fees?

A.

Homeward Legal's solicitors will never charge any hidden charges for any reason. Your quote for conveyancing in Verwood is an accurate fee the legal costs for your move.

 
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