Cheap conveyancing quotes UK wide begin with a search online.
Simply going with the conveyancing solicitor that an estate agent or mortgage provider has recommended may not give you the best price. They may not be the right conveyancer for your circumstances. Can they handle transfer of equity when it comes to a property, for instance?
The term ‘transfer of equity’ refers to adding or releasing someone from your mortgage. Conveyancing solicitors will be able to offer advice on this and give you conveyancing quotes for the work needed to make the transfer run smoothly. If you want to transfer the ownership of a property, you will need a transfer of equity. There are a number of reasons for needing to do this. One of these is if you get married or if a long term partner moves into the home and wishes to have their name put on the mortgage. The mortgage – assuming it is in your name already – can then become a joint mortgage.
Alternatively, if there is a divorce or separation and a joint mortgage needs to be changed into a sole name mortgage, this is also a transfer of equity. For tax planning purposes, a solicitor may advise that at least a part of the equity of your home be transferred into the name of another family member. Mortgage lenders will change the details on a mortgage only after they have received written confirmation from your conveyancer that the transfer is legally complete. Before this time, only the name on the mortgage will be legally liable to pay it.
Cheap conveyancing quotes UK wide can feel as though they are hard to find. Visit Conveyancing Index at https://www.conveyancingindex.co.uk and you can compare and contrast a wide range of different conveyancing solicitors, saving you time and money (over £300 in some cases!).
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