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Transfer of Equity in Newton Abbot

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 Newton Abbot

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 05/12/16

Newton Abbot services and health information

Newton Abbot's closest airport is Exeter International Airport. Plymouth City Airport is 24 miles and away and Newton Abbot's nearest station is Newton Abbot.

Q.

Newton Abbot area info

A.

Bradley National Trust West Ogwell Church Churches Conservation Trust and Torbryan Holy Trinity Churches Conservation Trust are easily accessible from Newton Abbot.

The most convenient hospital to Newton Abbot is Newton Abbot.

Q.

I need to find the cheapest conveyancing quote. as we are on a budget.

A.

Misleading conveyancing quotes catch out many buyers, leaving them to pay sometimes £100s more than planned. Many solicitors claim to offer supposedly cheap conveyancing, but additional costs may be added into the solicitor's terms of engagement. This small print is often not read by buyers in a hurry. Any extra fees found in terms of engagement ought to be fair. They be applicable solely where your solicitor is required to perform tasks outside a normal transaction in your interest, which could not be anticipated at the start of the process. A quote should state applicable disbursements.

Q.

The estate agent we're using in Helston has suggested the property solicitor. Must I use this firm?

A.

Both agents and mortgage brokers may endorse a conveyancing firm. However, if they are paid a referral fee, some agents may 'recommend' the conveyancer who pays out the highest referral fee, not the best solicitor for your needs.

Q.

How can we guard against gazumping?

A.

Gazumping occurs when a property seller agrees to a lower offer, then refuses it, choosing instead a better offer. It could occur days before contracts are due to be exchanged. Though gazumping is uncommon when property prices are falling, there is still a danger. Instructing a proactive solicitor early should help to mitigate this risk.

Q.

How many weeks can the conveyancing process generally take, according to your estimates? I already have an offer.

On average, the time required to sell or purchase residential property is not wholly predictable. This is according to a number of legal considerations which may include if a third party is slow to respond. With our solicitors, the matter is undertaken as quickly as possible.

Q.

Flood risk searches may be standard procedure for home buyers but considering recent events such as the major flooding in Sept 2012 in South West England are they enough to determine enough about the risk of flooding in Newton Abbot?

A.

A thorough Newton Abbot conveyancing solicitor will recommend that you get environmental searches from Landmark if the standard search identifies a the local Newton Abbot flood risk

You could always contact a neighbour of the property for that more assurance or local Devon flood damage expert - such as:, Elpico Exeter Cross, Liverton, Newton Abbot, TQ126EY Tel: 01626 821799.

Q.

Does our lawyer in Newton Abbot report back to me about the cost of council tax for a Band H townhouse prior to completing on the purchase?

A.

The conveyancer will liaise with the governing Teignbridge local authority to ask about the applicable council tax band and rates, which should then be added to the title report.

Correct rates for homes in Newton Abbot are set out at the Teignbridge council website. On (09 October 2012) band rates are:

  • Band A - £1,031.00
  • Band B - £1,203.00
  • Band C - £1,375.00
  • Band D - £1,547.00
  • Band E - £1,891.00
  • Band F - £2,235.00
  • Band G - £2,579.00
  • Band H - £3,094.00

Q.

What can we do to circumvent paying out for stamp duty?

A.

Stamp duty reduction scheme is not advised when buying in Newton Abbot. Such schemes are highly expensive and HMRC may challenge a scheme up to six years later meaning that the full stamp duty amount will be payable.

Q.

What specific searches does my Newton Abbot property solicitor conduct when instructed on a Newton Abbot property?

A.

The standard procedure is to obtain Local Authority (personal or official), Drainage and Water Search (CON29DW), Environmental, Tin Search and Clay Search as well as any unique particular for example Commons Registration Search.

 
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