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Transfer of Equity in Wellington

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 Wellington

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/01/17

Taunton train station is almost 6 miles from Wellington. Wellington's closest airport is Exeter International Airport (19 miles).

Wellington is of the M5 junction entry 26 Southbound.

Wellington & District Cottage is the closest hospital for Wellington.

Q.

How do we find the cheapest conveyancing solicitors in Wellington?

A.

Many online and high street property lawyers promote so-called 'the cheapest conveyancing', however extra charges will be included in the solicitor's terms. Busy, stressed sellers and buyers ignore these terms at their peril. Your Wellington conveyancing quote must also state any disbursements to be paid. Extra costs which are listed in terms and conditions needs to be reasonable and clear. The Homeward Legal quote calculator will confirm the solicitors' fees, based on the property you are buying.

Q.

Which actual property conveyancing searches will my Wellington property solicitor get when instructed on a Wellington flat?

A.

Standard conveyancing protocol will be to obtain the following Local Authority (personal or official), Drainage and Water Search (CON29DW or personal), Environmental and Tin Mining Search as well as any less common searches, which may include a Utilities Search.

Q.

Why could conveyancing for a Wellington property sale take so long?

A.

The conveyancing process in Wellington could be exposed to significant delays even in ideal circumstances. Sometimes, these delays are unfortunately beyond a solicitor's influence. We do our best to reduce the cost of these delays whenever it is possible.

Q.

When I am purchasing in Wellington near parsonage land, is it important to get a chancel search?

A.

As a result of chancel repair liability, the owners of property in Wellington which was once owned by a 'lay rectors' can be liable for repairs to a church in the area. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Church properties in the area where a chancel search may be appropriate include All Saints, Christ Church, St John the Baptist and St Margaret of Antioch.

Q.

How much is the council tax on a Thirties terraced Band E house in Wellington?

A.

You will be briefed about your houses band within the conveyancer's title report. Up-to-date charges for residents of Wellington are set out online at the Taunton Deane council website. On (28 June 2012) band rates are:

  • Band A - £945.00
  • Band B - £1,102.00
  • Band C - £1,260.00
  • Band D - £1,417.00
  • Band E - £1,732.00
  • Band F - £2,047.00
  • Band G - £2,362.00
  • Band H - £2,835.00

Q.

Are costs for obtaining copies of planning permission fees or disbursements?

A.

Fees and disbursements should be identified on a quote for your conveyancing, with any possible extra costs clearly listed. These costs are fees not disbursements. It should be included in your quote.

Q.

How do I get out of paying out for SDLT?

A.

Stamp duty commonly must be paid for property purchases over 125,000 pounds. We do not advise clients arrange any form of stamp duty mitigation, as such schemes are often uneconomical and unreliable.

Q.

What can conveyancing searches cost?

A.

With a Homeward Legal conveyancing solicitor, you will be charged at most £249 for conveyancing searches. Searches are paid to a third party, and will not be included in a quote for solicitor's fees.

 
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