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Transfer of Equity in Newtown

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 Newtown

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

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 03/12/16

Local travel and health information

The nearest airport to Newtown is Trehelig, Welshpool Airport. Newtown station is almost 1 mile from Newtown.

Montgomery County Infirmary Newtown is the neighbouring hospital.

Q.

I need a lawyer that offers cheap conveyancing. because we are on a limited budget.

A.

Many online and high street law firms offer so-called cheap conveyancing quotes. However extra fees can inflate your solicitor's invoice. Any disbursements to be paid should also be included on your quote Extras should be clearly defined and only be applied if your lawyer must perform additional tasks , which could not be anticipated at the start of the process.

Q.

Do we need to get a property survey for our home purchase?

A.

It is suggested that property purchasers arrange a home surveyor. It is a fact that there are a wide range of defects which affect a property, that will not be addressed during the conveyancing process, for example failed double glazing.

Q.

Flood risk searches are determined from archived records but when one considers recent flooding like extensive river flooding in Wales, are they the best way to report sufficient information about the Newtown flood risk area?

A.

Property environmental searches applied for by your property lawyer in Newtown will include a more detailed flood search if required.

Property purchasers sometimes speak to a local resident for additional extra insight or local Powys flood repair expert - e.g. Moule M J, Tyn Y Cwm Barn, Bwlch-Y-Ffridd, Newtown, SY16 3JF Tel: 07770 662453.

Q.

We are worried about council tax amounts on a Fifties terraced property in Newtown, how much are they?

Customarily the title report should contain the Powys council tax band. Up-to-date rates for residents of Newtown are tabled on the Powys local authority website. At the time of writing, 04 February 2013, rates are:

  • Band A - £778.85
  • Band B - £908.66
  • Band C - £1,038.47
  • Band D - £1,168.28
  • Band E - £1,427.90
  • Band F - £1,687.52
  • Band G - £1,947.13
  • Band H - £2,336.56

Q.

Am I likely to be gazumped?

A.

This describes circumstances where an offer is accepted but then rejected by the home owner, in favour of a second buyer's offer. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a danger of gazumping. Consider instructing a property solicitor as early as possible to reduce the chance of your offer being gazumped.

Q.

Do your house conveyancing solicitors get involved in property auction conveyancing in Newtown?

A.

Our firm frequently handle the legal work for auction buyers and sellers. Our highly qualified conveyancing lawyers have been instructed by countless vendors at regional auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Wise purchasers tend to formally instruct a qualified solicitors practice as soon as they can for a thorough review of the legal documents well before the date of the auction.

Post day of bidding, the lawyer needs to be geared up to briskly conclude the auction conveyancing process in under 28 days after exchange of contracts as usually required by the auction conditions.

Q.

My partner and I are planning to buy in Newtown. Can we check that the building is in a conservation area?

A.

The streets and neighbourhoods in or near Newtown include several conservation areas. The local council will be able to offer more information about local conservation areas, and the conveyancing solicitor handling your purchase should discuss what specific restrictions are in place.

Q.

Should the fixtures and fittings list items like fixed towel rail?

A.

Mainly, there is not a clear definition of 'fixtures and fittings'. This can be disregarded, making early agreement of the list of items included with the purchase so essential.

 
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