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Transfer of Equity in Wells

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 Wells

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Wells's nearest airport is Bristol Airport. and Wells's closest train station is Castle Cary.

Shepton Mallet Community is the closest hospital.

Q.

We need a cheap solicitor for selling a auction property. What do I need to check for?

A.

Many firms promote so-called cheap conveyancing, however additional fees may pad the final bill. Extras which are listed in terms of engagement needs to be clearly defined. They only apply to matters if your lawyer must complete additional work in your interest, which could not be anticipated at the start of the process. A quote for conveyancing in Wells should state third party costs, termed disbursements, to be paid.Our online calculator will create an accurate quote for your sell.

Q.

Apparently, iron soil contamination may be an issue in Wells. Can you advise?

A.

Wells and the surrounding region has a legacy of chemical contamination. Environment search results will factor contaminants, including metals and others such as groundwater contaminants like solvents and chlorinated solvents.

Q.

I am buying a 1940s building in the boundary of conservation areas. Where does one get more data in relation to the state of repair of the Wells conservation area?

A.

English Heritage, a government body, administer details of the state of repair of conservation areas along with the exposure to deterioration or improvement. Local conservation areas are set up by Mendip who preside over things like building materials used to street posts.

Q.

Which elements assist with ensuring a fast exchange and completion?

A.

Essential to a fast conveyancing transaction is to use a communicative solicitor. There are various jobs you as the purchaser can do to accelerate the legal work. These include:

  • calling or emailing your solicitor, and chase them if you suspect any delays
  • quickly completing and return any forms
  • getting your mortgage offer in place

Q.

What length of time can the legal work to sell a property often take, on average?

A.

For the majority of property purchasers, the length of time required to sell or purchase a house can vary, based on a number of issues. These may include when 3rd parties fail to promptly answer queries. Our lawyers ensure your sale, purchase or remortgage receives communicative and proactive service, resulting in the fastest possible outcome.

Q.

What are 'conveyancing searches' in regard to?

A.

Conveyancing searches are standard queries ordered on your behalf, for example a gypsum search. Buyers must consider that, searches refer to legal facets of the purchase.

Q.

What property conveyancing searches will my Wells property lawyer do for a Wells home?

A.

Normal legal protocol will be to get Local Authority (council), Drainage and Water Search (CON29DW or personal), Environmental and Tin Search and perhaps less common searches, which may include a Contaminated land Search.

Q.

We are buying a £419000 property in Wells. What will be assessed for Stamp Duty Land Tax?

A.

Stamp Duty is dependent on the valuation. For a house or flat valued at £419000, stamp duty will be £12570.*

*Accurate as of 15/01/2013

 
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