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Transfer of Equity in Bovey Tracey

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.

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Conveyancing in Bovey Tracey Q & A's

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Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 13/01/17

Buying or selling a residential property in the Bovey Tracey area? Helpful local public service details -

The closest station to Bovey Tracey is Newton Abbot and Bovey Tracey's closest airport is Exeter International Airport. Plymouth City Airport is 23 miles and away.

Bovey Tracey is the neighbouring hospital to Bovey Tracey.

Q.

Please confirm the cheapest fee for a £714k house? We need to find affordable conveyancing.

A.

Both high-street and online firms purport to offer supposedly 'the cheapest conveyancing quotes'. Often additional costs are frequently hidden in the terms of engagement. Additional costs ought to be clearly defined. Applicable disbursements ought to be listed on your quote. The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

Are the many designated conservation areas in Bovey Tracey likely to affect us?

A.

Areas considered to be of architectural or historic interest, like fishing villages, may be designated as conservation areas. You may wish to contact the local council for more information, but your conveyancing lawyer will investigate this in detail.

Q.

We are buying a 1950s flat in the boundary of conservation areas. Where does one find details in relation to the standard of upkeep?

A.

Local Bovey Tracey conservation areas are designated by the local authority (Teignbridge) who administer conservation area concerns from what can be developed to the impediment of advertising hoardings. Following a campaign, English Heritage now maintain a list of the condition (poor to good) of conservation areas.

Q.

What kind of local searches in connection with the risk of possible flooding to properties in Devon will a Bovey Tracey lawyer be able to conduct?

A.

A key component in the legal due diligence procedure of buying a property involves a lawyer conducting conveyancing and environmental searches that give some details about the Bovey Tracey area flood risk.

Q.

What can impact land in Bovey Tracey, and will they be thoroughly investigated?

A.

Property in Bovey Tracey can be contaminated by a wide range of natural causes and human activities, such as radioactive substances in the region. An environmental search will offer more detail. Heathfield, John Acres Lane, Devon, TQ13 0AP is a source of potential contamination in Bovey Tracey.

Q.

Which conveyancing searches will the solicitor in Bovey Tracey get for a Bovey Tracey property?

A.

The common procedure is to obtain these searches - Local Authority, Drainage and Water Search (CON29DW or personal), Environmental, Tin Search and Clay Search and perhaps specific searches, which may include a Contaminated land Search.

Q.

If we are buying in the parish of Huish, will we need a chancel search?

A.

Your solicitor might recommend a chancel search, regardless of the parish where the building being bought is found. In older areas of Bovey Tracey, chancel repair has the potential to be charged on owners of a building where Parochial Church Councils have previously chosen not to do so. Even if liability is unlikely, indemnity insurance is a sensible precaution.

Q.

The estate agent we're using in Abergele has put forward the solicitors firm which they often use. Must I use this firm?

A.

An agent in Abergele can influence a solicitor they refer a lot of work to, and can therefore exert pressure on your behalf, however, such referrals need to be weighed up against alternatives, as some agents choose the conveyancer who pays out the highest referral fee, not a firm with local expertise and a solid reputation.

 
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