Conveyancing in Okehampton
Conveyancing involves all the legal aspects of transferring the ownership of a property from a seller to a buyer, handling a remortgage, or transferring equity. If you need a solicitor for conveyancing in Okehampton, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have helped clients in Okehampton and throughout West Devon 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 Okehampton
Nestled on the edge of Dartmoor National Park, Okehampton is a town in Devon offering stunning natural beauty. With historic sites like Okehampton Castle, and outdoor pursuits readily available, it provides a unique lifestyle. The town has a population of around 7,000.
Council Tax in Okehampton (2023/24)
Okehampton is in West Devon Borough Council.
| Band | Amount |
|---|---|
| A | £1,564.53 |
| B | £1,825.28 |
| C | £2,086.03 |
| D | £2,346.79 |
| E | £2,868.30 |
| F | £3,389.81 |
| G | £3,911.32 |
| H | £4,693.58 |
What do conveyancing solicitors do?
A conveyancing solicitor plays a pivotal role in a purchase.
The solicitor will raise questions for the seller's solicitor, order property searches, review the lease (if applicable) and handle post-completion tasks, like paying Stamp Duty and HMLR registration.
Further to the standard checks and searches, Okehampton conveyancing solicitors may carry out checks for issues related to flood risk, radon and tin mining searches.
Buying a property with a mortgage?
During the process of buying a house, your solicitor also has to take care of legal matters for the lender.
Lender panel approval will mean your solicitor is able to represent your chosen lender.
More than 100 banks and building societies have approved our chosen panel solicitors. We can help you complete your Okehampton transaction without delay.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
Approved by over 100 more
We can also assist buyers in Okehampton with the conveyancing for:
When buying a flat or house in an Okehampton conservation area, your property lawyer will check for restrictive covenants, which could include tree preservation orders (TPOs) or restrictions on animal ownership. Conservation areas in Okehampton and the West Devon local authority include Buckland Monachorum, Sticklepath, Hatherleigh and Whitchurch.Conservation area
New Build
The conveyancing for buying a new build home in Okehampton can be complicated compared to other types of conveyancing.
Your solicitor in Okehampton will need to be qualified to handle things like handling unreasonable delays, spotting incomplete agreements for roads and sewers and any other issues raised by your lender.
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Buying a leasehold property
Purchasing a leasehold house or flat can be complex. The numerous common problems awaiting the unsuspecting buyer can include legally technical issues like incomplete management company accounts and freeholds sold without first refusal to leaseholders.
A specialist 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 a house or flat in Okehampton
For the sale of property in Okehampton, your solicitor will assemble all essential documents, including property information forms and the draft contract.
The role of a conveyancer acting for the seller includes responding to the buyer's solicitor's questions, sorting out potential snags and taking charge of the mortgage redemption. Your lawyer will also work with both sides, including estate agents and banks or building societies, ensuring that the transfer of ownership is completed without incident.Does the conveyancing for selling leasehold take longer?
Yes, compared to freehold conveyancing. The conveyancing for selling a leasehold property can be seriously delayed.
The solicitor acting for the buyer will want to see this leasehold-related paperwork, like a copy of the freehold property's buildings insurance and a current statement of service charges. The time required by to gather this paperwork is commonly the source of delays.
It can take a long time to gather this paperwork if the managing agent is slow or difficult to contact, so your lawyer ought to start this process at the earliest opportunity.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgaging a property in Okehampton
The current Bank of England base rate is 5.25% (12 October, 2024)
Before you instruct a remortgage solicitor, verify your lawyer is on your bank or building society's panel.
Our remortgage panel solicitors are on all major building societies and banks' panels. Whether you are switching to a 25-year mortgage from Halifax or taking out a 10-year tracker rate from Secure Trust Bank, we can assist.
Read more:
Find out if our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Okehampton Transfer of equity
If you are intending to reduce or increase your ownership share of a property, whether you are buying out an ex-partner, inheritance tax (IHT) planning or transferring the ownership of a property (in part or in full) to your children, a transfer of equity is required. Your property lawyer will quickly and efficiently complete the legal work for a low, fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much does conveyancing cost in Okehampton?
Conveyancing fees
The quote should clearly detail the legal fees, including VAT, that you pay when the property transaction is complete. These legal fees are paid to your solicitor for the tasks they complete during your property transaction.
Conveyancing disbursements
A disbursement is an expense your solicitor will pay on your behalf which will be added to your bill when you complete. Third-party disbursements include Stamp Duty and property searches.
Check what's included in your quote
Beware of extra fees, when comparing quotes. Some firms include additional fees in their terms and conditions. This can mean a total cost that's much higher than the initial quote.
