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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: 14/01/17

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.

When do I need to instruct a solicitor to handle our transaction?

A.

Simply, earlier is preferable. Promptly instructing a firm for a sale enables relevant information can be sourced sooner (this is particularly true for leasehold properties), whereas if you are buying you will the details of your Monmouthshire solicitor ready when you make an offer.

Q.

Could Monmouthshire soil be contaminated by uranium (U)?

A.

There are legislative rules in place to prevent future soil contamination. Land may also be contaminated by other sources, including water contaminants such as landfill leachate.

Q.

Which areas of Monmouthshire are eligible for disadvantaged area stamp duty relief?

A.

Monmouthshire disadvantaged areas are identified by council ward. Disadvantaged areas in Monmouthshire include Lansdown. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

Our lender will be ITL Mortgages, what do we need to check?

A.

Traditionally, it was usually straightforward for solicitors to act for both a buyer and their lender. Over the last two years, some lenders have limited the number of solicitors who can act for them. Homeward Legal will act for all large mortgage lenders, keeping buyers' legal costs to a minimum.

Q.

The property seller appears to have installed ugly doors in Monmouthshire which I think might conflict with local conservation area rules

A.

A lawyer will carry out searches ascertain whether the property is within a designated conservation area and whether any alterations have the requisite consent from the local council.

Q.

Should we get a building survey for our house purchase?

A.

It is recommended that you arrange a RICS survey. A wide range of concerns can affect a property, such as insect infestation or poor drainage. These will not be reported on by a solicitor.

Q.

What would the searches cost?

A.

Searches range in cost, and will be dependent on your lender's requirements. Searches are disbursements, and will be charged at cost.

 
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