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Transfer of Equity in Monmouthshire

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.

Get an instant quote for a transfer of equity in Monmouthshire.

Remortgage Solicitors Monmouthshire

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 04/12/16

Local and health service information

Monmouthshire's closest airport is Bristol Airport. and the nearest train station to Monmouthshire is Abergavenny, about 6 miles away.

Q.

Monmouthshire area information

A.

Raglan Castle Cadw and Hen Gwrt Moated Site Cadw are close at hand to Monmouthshire.

The closest hospital for Monmouthshire is Llanarth Court Psychiatric Raglan.

Q.

Although there are lots of £99 fixed quotes online, how do we find a reputable one? We are looking for a low cost conveyancing estimate in Monmouthshire.

A.

This catches out many home owners, and can leave them paying far more in conveyancing fees than they budgeted, and many conveyancers purport to offer theoretically cheap conveyancing, however extra charges are often hiding in the solicitor's terms. Our online quote calculator will generate an accurate quote for your transaction.

Q.

What can we do to avoid paying stamp duty?

A.

Homeward Legal do not advise purchasers expose their finances to any form of stamp duty mitigation. Such schemes are highly expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

How is stamp duty measured in Monmouthshire and what will we need to pay on a £614000 residential property?

A.

Stamp Duty Land Tax will depend on the property's price. Stamp duty will be £24560 on a £614000 house in Monmouthshire.*

*(Source - www.gov.uk, December 2012)

Q.

The estate agent we are using in Isle Of Anglesey has put forward the conveyancing whom they usually use. Do we need to instruct this solicitor?

An agent can influence a conveyancing firm they refer a lot of work to, and can therefore to reduce delays in the conveyancing process, however, such referrals need to be weighed up against alternatives, as there is a risk that an agent may choose whichever firm pays the most per referral, not the most suitable for you.

Q.

Is your panel of solicitors experienced enough to complete within 28 days of exchange on the conveyancing of property auction properties in Monmouthshire?

A.

Our team are auction specialists and regularly take instructions from auction buyers and sellers. Homeward Legals panel of property solicitors have worked for numerous bidders at local Monmouthshire property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Clever bidders tend to formally instruct a SRA regulated property lawyer as early as possible to allow time for a detailed report of the sellers documents in advance of the auction. Immediately following the property auction, your lawyer has to be prepared for quickly complete the purchase in less than 28 days as conventionally required by the auction conditions.

Q.

When you are buying a property on the same street as church land in Monmouthshire, is it recommended to get a chancel search?

A.

Property owners neighbouring nearby church property may be required to pay for repairs. This is referred to as chancel repair liability. A chancel search addresses if such a liability exists. The solicitor handling your conveyancing will confirm that a chancel search is appropriate.

Q.

How frequent is gazumping?

A.

Gazumping occurs when an offer is accepted, and then rejected, by the seller, in preference to a better offer. Although gazumping is less common in a declining market, there will always be a risk. The first step in reducing the chance that gazumping will effect you is to instruct a property solicitor early, and even before acceptance of an offer.

Q.

What causes conveyancing legal work to take weeks to complete?

A.

The legal work required to buy or sell a home may be delayed for a variety of reasons. Some delays are out of the solicitor's hands. We know how stressful these delays can be and strive to minimise their effect by, for example, ordering searches as early as possible.

 
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