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Transfer of Equity in Denbighshire

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 Denbighshire

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Denbighshire 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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Conveyancing in Denbighshire Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 27/11/16

Relevant local Denbighshire services information -

Denbighshire's nearest station is Penyffordd at 12 miles. The nearest airport to Denbighshire is Howarden Airport (15 miles). Liverpool John Lennon Airport is 25 miles and away.

Ruthin Community is the most convenient hospital for Denbighshire.

Q.

Please confirm the cheapest fee for a £571,000 residence? I am trying to find low cost conveyancing.

A.

Numerous conveyancers claim to offer so-called 'the cheapest conveyancing'. However extra costs can pad the final invoice.

Q.

The local agent has referred a property solicitor. Must I instruct this solicitor?

A.

An agent will be able to influence one or more conveyancing firms they refer a large volume of work to, and can therefore to reduce delays in the conveyancing process, however, such referrals should be compared against alternatives, as the agent may recommend whichever firm pays the most per referral, not the best value for you.

Q.

Which actual property conveyancing searches will the Denbighshire lawyer get on a Denbighshire flat?

A.

The conventional legal protocol is to get these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps less common searches such as Cheshire Brine Search.

Q.

How can a conveyancer in Denbighshire advise me on the risk of a flood at Denbighshire?

A.

Your property lawyer will conduct formal conveyancing searches that incorporate Denbighshire area flood risk information.

Q.

What length of time should it take our assigned solicitor to get through the legal formalities on a maisonette in a new build home we are thinking of buying in Denbighshire?

A.

Getting contracts exchanged can take anywhere between 1 month and three months based on any number of factors e.g. the speed of the vendors lawyer, or the completeness of the management information.

Q.

Is a residential property in Denbigh Central eligible for disadvantaged area stamp duty relief?

A.

Stamp duty relief for disadvantaged areas will cease in April 2013, and affected zones currently include Rhyl West, Rhyl South West, Meliden, Denbigh Upper/Henllan, Rhyl East, Bodelwyddan, Denbigh Central and Prestatyn North. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

Do you recommend that I get a chancel search when you are purchasing on the same street as a parson's close in Denbighshire?

A.

Owners of property in Denbighshire may be subject to chancel repair liability. A number of sources are used to identify liability, including parish records.

Q.

What are 'fixtures and fittings'?

A.

Purchasers will often be frustrated with the lack of formality around which fixtures and fittings should be included in a sale. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.

 
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