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Transfer of Equity in Paignton

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 Paignton

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 28/11/16

Paignton travel information:

The nearest airport to Paignton is Exeter International Airport (21 miles). Plymouth City Airport is 24 miles and away. The closest station to Paignton is Paignton.

Q.

Paignton area information

A.

Berry Head Lighthouse, Kirkham House English Heritage and Berry Pomeroy Castle English Heritage are close to Paignton.

The most convenient hospital to Paignton is Paignton.

Q.

We are looking for the cheapest conveyancing quote. Will I get a quote or and estimate?

A.

Confusion over this matter catches out many buyers, and can leave them paying far more in conveyancing fees than they budgeted. Many firms offer so-called cheap conveyancing quotes, but extra fees can inflate your final bill. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

Might it be an unrealistic idea to enact the legal conveyancing process ourselves.

A.

Hypothetically there is absolutely no argument why a buyer cant look after the legal process on your own.

In reality however, a conveyancer is familiar with a long list of functions e.g. stock transfer forms or registering the new title owner which require a skilled professional.

Q.

What amount of time should the legal work to sell a house require?

A.

The number of weeks required to sell or purchase a residence is not wholly predictable, according to a handful of legal considerations, for example, if you plan to take out a mortgage. Nationally, the average is up to twelve weeks, whereas our solicitors take a more proactive attitude, pushing a transaction to complete within 8 weeks if possible.

Q.

What type of searches into the risk of flooding at Devon will the Paignton property solicitor actually apply for on a Sixties property we are going to purchase?

A.

A conveyancing lawyer will carry out standard formal environmental searches, which include Paignton flood risk area data.

Q.

Should we get a chancel search if I am buying in the parish of Oldridge, near Paignton?

A.

Your solicitor could advise that a chancel search is ordered. Although some Parochial Church Councils have taken the decision to charge chancel repairs on the current owners of affected property, a solicitor cannot state with certainty that a parish which has not been subject to chancel liability in the past will not continue to be so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What causes conveyancing for a purchase to have so many delays?

A.

The conveyancing process may be lengthy. Homeward Legal strive to reduce the consequences of these delays wherever possible to do so. Delays may include waiting for a mortgage offer.

Q.

Which property conveyancing searches should a Paignton lawyer apply for when carrying out the conveyancing for a Paignton property?

A.

The common legal procedure will be to obtain Local Authority, Drainage and Water Search, Environment Search, Tin Mining Search and China Search as well as any less common searches e.g. a Planning Search.

Q.

I am buying a £1016000, what will be calculated for Stamp Duty Land Tax rates?

A.

The Stamp Duty payable will depend on the purchase price. It is £50800 on a £1016000 residential property (information accurate February 2013).

 
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