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Transfer of Equity in Wales

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 Wales

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Wales 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
Process Explained


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Conveyancing in Wales Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/01/17

Wales's nearest airport is Aberporth, West Wales Airport. Wales's nearest train station is Sugar Loaf.

Tregaron is the most convenient hospital to Wales.

Q.

Please confirm the cheapest fee for a £373,000 property? I am looking for a low cost conveyancing quote in Wales.

A.

This catches out many home owners, and can leave them paying far more in fees than they budgeted. Many property lawyers purport to offer supposedly cheap conveyancing quotes, however extra charges will be included in the solicitor's terms. This small print is often not read by home owners in a hurry. Any additional fees which are listed in the terms should be fair. They only apply to matters if the lawyer is required to complete unexpected extra work , which could not be anticipated at the start of the process. Any disbursements ought to be defined on the quote

Q.

What are Wales property searches?

A.

Searches are a typical set of queries requested by the purchaser's conveyancer through local and national agencies, such as a local authority search. Purchasers should know that, these searches consider issues with the property's title.

Q.

Do I need to employ the conveyancing named by my estate agent?

It is common for agents to endorse a solicitors firm. However, if the agent is paid a fee by the solicitor, an agent may choose the conveyancer who pays out the highest referral fee, not the most suitable for you.

Q.

How much will the conveyancing searches be?

A.

With a Homeward Legal solicitor, you will be required to pay no more than £249 for the standard search bundle. They are charged 'at cost'.

Q.

The vendor has added roof antenna to the property in Wales which I think may defy nearby conservation area criteria

A.

The conveyancing solicitor will always ascertain if the property is located within a designated conservation area and whether any modifications have requisite permissions.

Q.

What length of time should the conveyancing process take, in your opinion? If it matters, we are purchasing residential property in Wales.

A.

The length of time needed to transact a house can vary, influenced by a number of issues including if there is a mortgage. We strive to ensure your sale, purchase or remortgage receives fast and efficient service.

Q.

Can we get out of paying for stamp duty in Wales?

A.

Stamp duty mitigation should not be considered when purchasing in Wales, as such schemes are expensive and HMRC may challenge a scheme up to six years later.

Q.

Why does the purchase conveyancing process go on for so long?

A.

Conveyancing can suffer setbacks even in the best of circumstances. Some causes are out of the solicitor's control. Homeward Legal strive to minimise the burden of these delays by, for example, ordering searches as early as possible. Reasons for delay include issues elsewhere in a chain.

 
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