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Transfer of Equity in Winchester

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 Winchester

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 19/01/17

Winchester attractions and landmarks

Winchester City Mill National Trust Old Bishops Palace English Heritage and Intech Science Centre & Planetarium are close to Winchester.

The nearest train station to Winchester is Winchester, around 1 mile away and the nearest airport to Winchester is Southampton, Mitchell Way Airport (8 miles).

Winchester is under a miles off the M3 junction entry 10 Southbound.

The most convenient hospital for Winchester is Winchester, Royal Hampshire County.

Q.

How do I find a discount conveyancing quote in Winchester?

A.

Many online and high street firms promote theoretically cheap conveyancing quotes, but extra costs are often hiding in the terms. Any charges should be clearly defined and only apply to matters if the lawyer must complete additional work , which could not be anticipated at the start of the process. Any disbursements should also be clearly stated on a quote. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

For a residence valued at £138000. What should be determined for Stamp Duty Land Tax?

A.

The Stamp Duty payable will depend on the valuation. On a £138000 property, stamp duty will be £1380.*

*Source: www.hmrc.gov.uk, June 2012

Q.

We are purchasing in Winchester with Virgin - what do we need to know?

A.

Over the last two years, some lenders have reduced the number of firms able to act for them. Homeward Legal will act on behalf of most lenders to keep legal costs to a minimum.

Q.

What is the council tax on a period semi-detached Band G dwelling in Winchester?

A.

You should be include your new house's band as part of the conveyancer's title report. The latest tax rates for properties in Winchester are tabled at the Winchester local authority site. Currently, 11 October 2012, rates are:

  • Band A - £958.00
  • Band B - £1,118.00
  • Band C - £1,277.00
  • Band D - £1,437.00
  • Band E - £1,757.00
  • Band F - £2,076.00
  • Band G - £2,395.00
  • Band H - £2,874.00

Q.

What can we do to avoid paying out for SDLT?

A.

Stamp Duty Land Tax is generally payable on property over 125,000 pounds. We do not recommend any stamp duty reduction, because these schemes are expensive and the HMRC can review a scheme up to 6 years after a sale is completed and the total stamp duty amount may be due.

Q.

When should we find a conveyancer in Winchester?

A.

In simple terms, instructing as early as possible is better, as conveyancing involves several tasks that can begin very early in the process. Instructing your solicitor earlier for a purchase may mean that you will the details of your Winchester solicitor ready when you make an offer, or, if you are selling a property, documents can be prepared earlier, considerably accelerating the whole process.

Q.

What conservation areas are there in Winchester?

A.

These areas safeguard areas of historic or architectural significance. Easton, Exton and Hambledon are among the conservation areas in Winchester. A conveyancing lawyer will address the impact buying in a conservation area may have.

Q.

As a consequence of the Met Office projecting more intense rainfall, I am thinking that conveyancing and environmental searches won't be sufficient?

A.

Property conveyancing searches handled by your lawyer in Winchester will include a far more informative search (Landmark) if the risk is deemed significant.

If you remain concerned make enquiries with a local resident or regional Hampshire flood damage business - for example: Chainey Construction Ltd, Sunniholme, Sparsholt, Winchester, SO21 2PA Tel: 01962 776506.

 
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