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Transfer of Equity in Port Talbot

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 Port Talbot.

Remortgage Solicitors Port Talbot

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Port Talbot 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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Conveyancing in Port Talbot Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/01/17

Local key data:

Swansea Airport is 12 miles from Port Talbot. Cardiff Airport is 24 miles and away. The nearest station to Port Talbot is Port Talbot Parkway.

Motorists are well served with Port Talbot enjoying excellent road access very close at 1/2 mile of Junction 41 Westbound of the M4.

The most convenient hospital for Port Talbot is Neath Port Talbot.

Q.

How do we identify a genuinely cheap fee? I need to find a discount conveyancing estimate.

A.

The confusion over this topic catches out many homeowners, and can leave them paying far more in conveyancing fees than they budgeted. Many firms claim to offer supposedly cheap conveyancing, but extra charges may be added into the terms of engagement, left unread by preoccupied homeowners Homeward Legal quotes are not estimates, and offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

What do conveyancing searches refer to?

A.

Conveyancing searches are enquiries raised by the buyer's solicitor via one of several specific authorities, which may include a chancel liability search, and deal with legal facets of the purchase.

Q.

The home in Port Talbot being purchased is on a ex-industrial site. Could the soil be contaminated by industrial waste?

A.

Effort is made in all parts of Port Talbot and the UK to identify and remediate soil contamination. Various bodies hold data on land contaminants affecting Port Talbot, including local authorities.

Q.

How is contaminated land in Port Talbot checked when buying a house?

A.

Property can be contaminated by a range of environmental factors. Contaminants including waste disposal sites will be detailed in an appropriate search. Baglan Bay Works, Seaway Parade, N P T, SA12 7BP may be one source of local contamination.

Q.

In respect to the serious river flooding in Wales, I am thinking that flood searches won't be sufficient?

A.

Flood searches carried out by your conveyancing solicitor in Port Talbot should include the more specialist search (Landmark) if the risk warrants it.

It may be sensible to speak to a local resident for some more confidence or local Neath Port Talbot flood damage business - try: Les Redwood, 25 Gwar Y Caeau, Port Talbot, SA13 2UR Tel: 07846 475940.

Q.

What will the cost of the conveyancing searches total?

A.

The cost of searches for a Port Talbot house can vary noticeably, depending on the particular searches ordered. Searches are paid to a third party, and are charged 'at cost'.

Q.

What causes purchase conveyancing work to take months to complete?

A.

The legal work needed to sell or purchase property may take more time than budgeted. We seek to reduce their consequences whenever possible by driving the transaction forward.

Q.

What precautions can we take to defer paying stamp duty to the Revenue?

A.

Stamp duty commonly must be paid for homes sold for over 125,000 pounds. We do not recommend home buyers arrange any stamp duty scheme, as such schemes are often uneconomical and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

 
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