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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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The Conveyancing
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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: 02/12/16

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.

How much is the council tax on a Fifties detached Band H home in Wells?

A.

The pertinent band should in most cases be identified in the conveyancer's title report along with the local council. The latest council tax charges for properties in Wells are set out in detail online at the Mendip local authority website. At the time of writing on 31 October 2012 band rates are:

  • Band A - £982.00
  • Band B - £1,146.00
  • Band C - £1,310.00
  • Band D - £1,473.00
  • Band E - £1,801.00
  • Band F - £2,128.00
  • Band G - £2,455.00
  • Band H - £2,947.00

Q.

What makes the conveyancing work to take such a long time?

A.

Conveyancing could be held up for a variety of reasons. In some cases, the reasons are out of the conveyancing

solicitor's control. Homeward Legal appreciate how disruptive they may be and aim to lessen the effect of these delays wherever possible. Delays can include waiting for responses from third parties.

Q.

Our local agent has suggested a lawyer which they often use. Is it risky to instruct this solicitor?

A.

An agent in Dartmouth will have influence over a solicitor they refer many clients to, and can therefore to move the conveyancing process along. Such referrals should be compared against alternatives, as it may be the case that the agent recommends the firm which pays to the largest referral fee, not the law firm with the best reputation.

Q.

Does 'fixtures and fittings' include things like door handles?

A.

Commonly, there is no absolute definition of fixtures and fittings. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.

Q.

Are charges for obtaining duplicate freehold company share certificates disbursements or fees?

A.

Comparing quotes is not always straightforward, considering differences in terminology. These costs are fees not disbursements, and should be included in a quote.

Q.

The lender will be Capital Home Loans, what will I need to be aware of?

A.

In some cases, lenders are now reducing the size of their 'solicitor panel'. This can mean increased conveyancing costs for purchasers. Homeward Legal can act on behalf of many lenders to keep legal costs to a minimum.

Q.

Which local factors can contaminate land in Wells, and are they thoroughly investigated?

A.

Many of contaminants caused by natural causes and human activities may lessen the desirability land, and factors like shallow mining or shallow mining will be detailed in an appropriate search.

 
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