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Transfer of Equity in Woodstock

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 Woodstock

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 08/12/16

Local Woodstock attractions

Blenheim Palace Waterfall, Blenheim Palace Historic Houses Association and Northington Grange English Heritage are near to Woodstock.

Hanborough station is around 2 miles from Woodstock. Woodstock's closest airport is Kidlington, Oxford Airport. Turweston Aerodrome Airport is 17 miles and Kidlington Airport is 3 miles away.

The most convenient hospital is Witney.

Q.

How do we find fixed rate conveyancing?

A.

Numerous solicitors promote supposedly cheap conveyancing. Often extra costs are frequently hidden in the solicitor's terms. Extra costs needs to be reasonable. They be applicable solely where the solicitor must complete additional work , which could not be anticipated at the start of the process. Applicable disbursements must also be stated on your quote

Q.

Do you recommend looking into how to bypass paying stamp duty?

A.

Stamp Duty Land Tax (SDLT) is due on purchases priced at over one hundred and twenty-five thousand pounds. Stamp duty reduction scheme is not recommended, because these schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

I plan to buy a restored chapel in Stanton St John. Will we need a chancel search?

A.

Your conveyancing solicitor could advise a chancel search. Although some Parochial Church Councils have decided to exact chancel repairs on the current owners, there is no way to be certain that

a parish in which lay rectors have not been expected to pay chancel repair dues recently will not be so in future. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What causes purchase conveyancing work to be so delayed?

A.

The legal work required to buy or sell a home will occasionally take more time than budgeted for many reasons. Some delays are out of a solicitor's control, Homeward Legal, however, aim to diminish the impact of these delays, if it is possible to do so, by, for example, ordering searches as early as possible.

Q.

Is a drainage search a disbursement or fee?

A.

A quote will list all fees and disbursements. This charge,e.g., is a disbursement not a fee, and is passed on at cost.

Q.

What can my conveyancing searches usually cost?

A.

With Homeward Legal, clients are expected to pay at most £249 for conveyancing searches. These searches are will be charged at cost.

Q.

What sort of local checks regarding the risk of local flooding in the Oxfordshire region will a Woodstock property solicitor be able to conduct?

A.

An important component in the legal due diligence process carried out when buying a property involves a conveyancer making an application for conveyancing searches (environmental) that provide specific information on the local Woodstock flood risk. Furthermore, your property solicitor in Woodstock might possibly advise a more involved (e.g. Landmark) in-depth local Woodstock area search.

Q.

Could tin (Sn) contaminate land in Woodstock?

A.

Woodstock agriculture or industry can cause soil contamination. Environment search results will factor contaminants, including metals and others such as disinfection by-products.

 
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