Conveyancing in Chepstow
Conveyancing is the work a solicitor does to transfer the legal title of a house or flat from one person to another. If you need a solicitor for conveyancing in Chepstow, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have helped Chepstow and Monmouthshire clients with buying, selling, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Buying property in Chepstow
Located in Monmouthshire, Wales, Chepstow is known for its picturesque setting at the entrance to the Wye Valley. The town is famous for Chepstow Castle, Britain's oldest surviving post-Roman stone fortification, and Chepstow Racecourse. Its desirable residential areas include Hardwick and Bulwark. Chepstow is well-connected by the M48 motorway and has a railway station providing links to Cardiff and Gloucester. The town's population is approximately 12,000.
Council Tax in Chepstow (2023/24)
Chepstow is in Monmouthshire Council.
| Band | Amount |
|---|---|
| A | £1,306.63 |
| B | £1,524.40 |
| C | £1,742.17 |
| D | £1,959.94 |
| E | £2,395.48 |
| F | £2,831.02 |
| G | £3,266.57 |
| H | £3,919.88 |
| I | £4,573.19 |
What do conveyancing solicitors do?
In a property purchase, your property lawyer will handle the legal aspects of buying a home.
They will order searches, raise enquires of the seller, review the lease (if applicable) and ensure that post-purchase requirements, such as HMLR registration, are completed.
Chepstow conveyancing solicitors would also undertake additional checks to ensure properties conform to planning regulations, given the presence of the Wye Valley Area of Outstanding Natural Beauty (AONB).
Are you purchasing with a mortgage?
Whether you are buying a leasehold flat or buying a property to let, your solicitor must also complete legal work for the bank or building society.
Your transaction could take weeks longer if your conveyancer is not on your mortgage provider's panel.
More than 100 banks and specialist lenders have approved our chosen partner solicitors. We can help you complete your Chepstow transaction smoothly.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
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Leasehold flats
Buying a leasehold property in England or Wales can be complex when compared to purchasing a freehold. The many potential problems awaiting the unsuspecting purchaser can include legally technical issues like sinking fund issues and unfair clauses in the lease.
A leasehold solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
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Selling property in Chepstow
When selling a house or flat in Chepstow, your conveyancer will prepare the necessary documentation - such as the sale contract and ID forms, and help you fill out these forms. The conveyancer's duties entail responding to enquiries from the buyer's solicitor, resolving issues like a missing electrical installation certificate and handling the mortgage redemption.
By taking action to liaise with key parties, like agents, lenders and landlords, your conveyancing solicitor will help make sure your transfer of ownership is completed successfully.Is there anything to be aware of if selling a leasehold property in Chepstow?
The conveyancing process for a leasehold flat (leasehold houses are uncommon) is much more complex than for a more straightforward freehold house.
The complex nature of leasehold property means that conveyancing solicitors in Chepstow will need to conduct additional work, such as obtaining all relevant freeholder information, through to finding out if there are any payment arrears.
To reduce leasehold-related delays, It is strongly advised that the seller instruct a property lawyer as soon as is practicable.
Conveyancing for selling a property
Remortgaging a property in Chepstow
The current Bank of England base rate is 5.25% (12 October, 2024)
Before you instruct a remortgage solicitor, don't forget to double-check your lawyer's lender panel status.
We work with solicitors who are panel members for all major mortgage lenders. Whether you are switching to a discount mortgage from the Co-operative Bank or moving to a 3-year tracker rate with Chelsea Building Society, our experienced conveyancing team can guide you through the remortgage process.
Read more:
Check our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transfer of equity in Chepstow
Whether you are gifting a property, buying out another part-owner or dealing with inheritance tax planning, you'll need the help of a transfer of equity specialist.
Your legal representative will deal with the legal work for a fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
Conveyancing costs in Chepstow: What to expect
Conveyancing legal fees
The conveyancing quote will set out the legal fees (inc. VAT) to be paid when the conveyancing transaction completes. These fees are what your conveyancing solicitor charges you for the legal work that they complete.
Disbursements
Disbursements are third-party costs paid by your solicitor on your behalf. Third-party disbursements include Stamp Duty and property searches.
Check the terms and conditions
Some firms include extra costs in the small print. This can mean an inflated final bill. When comparing quotes, beware of extra fees.
