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Transfer of Equity in Powys

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 Powys

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

Powys travel information:

Powys's closest airport is Trehelig, Welshpool Airport. The closest station to Powys is Builth Road, almost 3 miles away.

Builth Wells is a relatively close hospital to Powys.

Q.

We are looking for a cheap solicitor quote for buying a flat. What do I need to check for?

A.

Various conveyancers promote cheap conveyancing. However additional costs may inflate your solicitor's invoice. Your conveyancing quote should state any disbursements to be paid.

Q.

The property seller has installed inappropriate PVC windows on the building in Powys which may break conservation area criteria

A.

A property solicitor will establish if the property is located within a designated conservation area, and if so, whether any modifications have the requisite consents from the Powys authority.

In the absence of any consents, your solicitor will advise you of all options, which include requesting retrospective consent from Powys planning authority or getting covered by indemnity insurance.

Q.

How long can conveyancing to sell property take, on average? I am purchasing a home in Powys.

A.

The time required to sell or purchase residential property does vary. This is affected by a number of issues affecting the property which may include if management information is required. We strive to ensure each client is undertaken as quickly as possible.

Q.

At what point do we need to find a conveyancer?

A.

In simple terms, instructing as soon as possible is wise, as conveyancing involves a number of tasks that can be carried out immediately. Early instruction

of a firm for a purchase enables you will the details of your Powys solicitor ready when you make an offer, or, if you are selling a property, relevant information can be sourced sooner (this is particularly true for leasehold properties).

Q.

We need to complete this £ 694,000 home purchase as soon as possible, how do we aim for fast conveyancing in Powys?

A.

Most importantly, a fast conveyancing transaction is essential to is to employing a proactive solicitor. Consider the following:

  • Are phone, fax and email their preferred methods of contact
  • Do they offer 'instant' online quotes?
  • Do they offer 'no move, no fee' protection? This can incentivise a faster transaction.

Q.

Do I need to get a chancel search if I am buying a Powys residence on the same road as a vicarage?

A.

Property owners near to church property in the locality may be required to subsidise repairs. This is referred to as chancel repair liability. Liability has the potential to impact the value of a Powys property, but an indemnity policy may be available to protect the new owners. A conveyancing lawyer will be able to advise as to whether a chancel search is necessary, and recommend suitable insurance.

Q.

What does searches cost?

A.

Conveyancing searches ranges in cost. They are disbursements, and will be charged at cost.

Q.

If we are intending to buy in the parish of Worthern, will it be necessary to get a chancel search?

A.

Whichever Powys parish you are purchasing in, a solicitor is likely to recommend a chancel search. Chancel repair has the potential to be charged on current owners of a residence where Parochial Church Councils (PCCs) may have spared previous owners or tenants.

 
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