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Transfer of Equity in Porthcawl

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 Porthcawl

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Porthcawl clients every week.

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Conveyancing in Porthcawl Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 29/11/16

Porthcawl key data:

Porthcawl is less than three miles of Junction 37 Westbound of the M4.

Pyle station is about 3 miles from Porthcawl. The nearest airport to Porthcawl is Cardiff Airport (17 miles). Swansea Airport is 18 miles away.

Glanrhyd Bridgend is a nearby hospital to Porthcawl.

Q.

I need the cheapest conveyancing solicitors in Porthcawl. and what is included?

A.

Many firms purport to offer supposedly 'the cheapest conveyancing quotes'. Unfortunately extra costs can pad the final invoice. Costs ought to be reasonable and clear. A conveyancing quote should also state the disbursements to be paid.

Q.

Can you state how to hold off paying stamp duty in Porthcawl?

A.

Stamp duty scheme is not advised when buying in Porthcawl. Such schemes are costly and unreliable.

Q.

Do we need to be worried about gazumping?

A.

This takes place when a seller accepts an offer and then rejects it in favour of a second buyer's offer. The will be a risk of gazumping in any transaction, because offers are not binding until exchange of contracts. The first step in reducing the chance that gazumping will effect you is to instruct a proactive solicitor early, and even before acceptance of an offer.

Q.

Is lithium contamination found to affect Porthcawl topsoil?

A.

With the history of industry in parts of Porthcawl, topsoil contamination is impossible to completely avoid. The local authority for Porthcawl will be able to provide more detail on cases of contamination.

Q.

As a result of the serious river flooding in Wales I am questioning whether flood searches won't be exacting enough?

A.

Conveyancing and environmental searches conducted by a solicitor in Porthcawl should also include a more informative Landmark flood search if the risk warrants it.

Property purchasers sometimes contact a future neighbour to get further peace of mind or nearby Bridgend flood repair builder - try Williams P, 3 Heol Croes Faen, Nottage, Porthcawl, CF36 3SW Tel: 01656 771467.

Q.

I am buying a converted investment property in a designated conservation area in Porthcawl, how does one find details on the standard of upkeep?

A.

Following a campaign, English Heritage have conducted a survey and created records of the condition of conservation areas along with the exposure to a worsening of the condition of the area. Conservation areas in Porthcawl are set up by Bridgend who preside over everything from whether trees can be cut down to the blockage of billboards.

Q.

Is a chancel repair liability search a disbursement or fee?

A.

Comparing quotes is not always straightforward, given the different terminology. This charge is a disbursement not a fee, and is passed on at cost.

Q.

If you are buying by priory grounds in Porthcawl, will we need to get a chancel search?

A.

The Law Lords decision in Aston Cantlow (PCC) v Wallbank in 2003 reaffirmed that 'lay rectors' of property must pay for church repairs. As a result of the Land Registration Act 2002, interest over any affected land must be registered by October 2013. The solicitor performing your conveyancing will be able to advise as to whether a chancel search is necessary.

 
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