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Transfer of Equity in Wedmore

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.

Get an instant quote for a transfer of equity in Wedmore.

Remortgage Solicitors Wedmore

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 15/01/17

Wedmore's closest airport is Bristol Airport (12 miles). Wedmore's nearest station is Highbridge and Burnham-on-Sea.

West Mendip Community Glastonbury is a nearby hospital to Wedmore.

Q.

I am trying to find affordable conveyancing in Wedmore. What should we check?

A.

Many online and high street conveyancers purport to offer 'the cheapest conveyancing quotes'. However extra costs are often hiding in the terms of engagement which homeowners may have not read carefully Any extra fees listed in terms and conditions should be reasonable. They only be applied if your lawyer is required to complete extra work on your behalf, which could not be anticipated at the start of the process. Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

How is contaminated land in Wedmore investigated when buying?

A.

Land may have been contaminated by many factors caused by man and by nature. Contaminants such as sand or gravel pits should be reported on during conveyancing searches.

Q.

What specific conveyancing searches will a conveyancing solicitor in Wedmore carry out when buying a Wedmore flat?

A.

The customary legal procedure is to obtain Local Authority (personal or official), Drainage and Water Search (CON29DW or personal), Environment Search and Tin Mining Search and occasionally less common searches, like a Contaminated Land.

Q.

How do we get out of paying for stamp duty to HM Revenue?

A.

Stamp Duty Land Tax commonly must be paid for home purchases priced at over 125,000 pounds. We do not advise home buyers expose their finances to any stamp duty scheme, as such schemes are often uneconomical and HMRC may challenge a scheme up to six years later. There have been a small number of government-sponsored schemes, such as for first-time buyers. A conveyancing solicitor should confirm whether you are eligible.

Q.

We have had a quote from you. Could there be any additional costs?

A.

No. Homeward Legal's solicitors never charge any hidden extra fees. While comparing quotes, be aware that some firms only provide estimates disguised as quotes, which they will not be bound to.

Q.

What length of time should conveyancing legal work generally take, in your experience?

A.

The length of time taken to sell or purchase a house may vary, dependent on potentially many issues including if the property being bought or sold is leasehold. With our Wedmore property specialists, your move is handled as fast as possible, without compromising on service.

Q.

How is stamp duty calculated, and how much do we need to pay on a £562000 residential property?

A.

Stamp Duty Land Tax is calculated with reference to the valuation. On a £562000 Wedmore home, stamp duty will be £22480.*

*Correct September 2012

Q.

Do we need a building survey for this home purchase?

A.

The Royal Institution of Chartered Surveyors heavily advise that the majority of purchasers in Wedmore arrange a building survey. There are many defects that can affect a property, which will not be covered by the legal work, including wet rot or insect infestation.

 
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