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Transfer of Equity in Fairwater

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 Fairwater

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Fairwater points of interest

Cardiff Castle Historic Building and Cardiff Castle Cadw are near to Fairwater.

Fairwater train station is around 1 mile from Fairwater. Fairwater's closest airport is Cardiff Airport. Bristol Airport is 25 miles away.

Fairwater is close at inside 3m of Junction 32 Westbound of the M4.

The closest hospital for Fairwater is Rookwood Cardiff.

Q.

I am trying to find a low cost conveyancing quote. What do we need to check for?

A.

Both high-street and online solicitors offer cheap conveyancing quotes. Often extra charges can increase your final bill. Any additional charges listed in the terms needs to be reasonable and be applicable solely where your lawyer is required to perform tasks outside a normal transaction in your interest, which could not be anticipated at the start of the process. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

We are buying on a former industrial site. Can the soil still be contaminated?

A.

Given the region's industrial and agricultural history in parts of Fairwater, topsoil contamination cannot be totally avoided. Other sources of contaminated land include polychlorinated biphenyl (PCBs).

Q.

How long should I expect it to take my solicitor to conduct the legal process on a terraced Victorian property?

A.

The process can take anywhere between one month and three months, which can be affected by various factors e.g. the efficiency of the vendor's property solicitor, or the time taken getting replies to enquiries.

Q.

When I am buying a Fairwater house close by a rectory manor, do I need to get a chancel search?

A.

Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Fairwater Church council. As a consequence of a recent Act, interest over any affected land must be registered by October 2013. This will make it easier to identify affected property through a chancel search. The solicitor handling your conveyancing will confirm that a chancel search is appropriate.

Q.

I plan to purchase a rectory in Knolston. Is a chancel search appropriate?

A.

The conveyancing solicitor might recommend that a chancel search be taken out. Although some Parochial Church Councils have determined to charge chancel repairs on the current owners of lay rectorships, it cannot be guaranteed that a parish where chancel repair fees have not been paid previously will remain liability-free for new owners, so it can be difficult to use this as a guide.

Q.

In what ways can my Fairwater lawyer advise on the risk and history of a flood at Fairwater?

A.

An integral component in the legal procedure involved in buying a home involves a conveyancing solicitor making an application for conveyancing searches that set out information regarding Fairwater flooding.

Q.

Is a TT fee a fee or disbursement?

A.

It may not be obvious whether an itemised charge is a disbursement or fee. This cost, for example, is a fee not a disbursement, and will usually be included in a quote for your conveyancing.

Q.

We are buying in Fairwater, should we have 'conveyancing searches' undertaken?

A.

Searches are common collection of queries raised by the buyer's solicitor, and only deal with legal-related matters.

 
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