CMS
constantly monitor other equity conveyancing and
transfer of equity websites. We
have found that the majority advertising unrealistically
low fees from £120 or less charge extra for many items
listed above (which CMS include for free). In particular
most of them charge extra if you are obtaining a
mortgage and this together with other extras can
increase their quote by up to £200.
Equity conveyancing is the legal process that transfers equity
or property from
one owner to another. Your transfer of equity or equity release conveyancing will be carried out by
conveyancing equity transfer solicitors specialist employed by one of the CMS panel
solicitors/ licensed conveyancer. All of our panel firms
are approved for equity transfer and regularly checked by CMS. All firms are
members of the Law Society or Council for Licensed Conveyancers
(you will find their contact details in our Links section) and
all carry at least £1,000,000 worth of indemnity insurance for the
protection of their clients.
From 25.3.10 until 25.3.12 First Time Buyers buying a property at less than
£250,000 will be exempt from stamp duty. Please note that your quote will still
display and include the stamp duty BUT if you are a first time buyer then stamp
duty will not be charged. If you are buying a property in excess of £1,000,000
the stamp duty rate will increase to 5% for all property purchases completed
after 6th April 2011.