Conveyancing in Penarth
Conveyancing refers to the legal process carried out by a property lawyer when transferring ownership of a property from the seller to the buyer. If you're looking for a conveyancing solicitor in Penarth, you're in the right place. Get a fast & proactive solicitor from a nationwide panel of conveyancing experts.
We have helped clients in Penarth and throughout Vale of Glamorgan 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 Penarth
An affluent seaside resort in the Vale of Glamorgan, Wales, Penarth is known for its Victorian-era pier, the Italian Gardens, and its vibrant independent shops. It's well-connected by rail to Cardiff. The town has a population of approximately 27,000.
Council Tax in Penarth (2023/24)
Penarth is in Vale of Glamorgan.
| Band | Amount |
|---|---|
| A | £1,229.25 |
| B | £1,434.12 |
| C | £1,638.99 |
| D | £1,843.87 |
| E | £2,253.62 |
| F | £2,663.37 |
| G | £3,073.12 |
| H | £3,687.74 |
| I | £4,302.36 |
What does a Penarth conveyancing solicitor do?
The conveyancer plays a key role after an offer has been accepted.
Your lawyer will order searches, raise questions for the seller's solicitor, review the lease (if applicable) and take care of tasks after the sale, including paying Land Transaction Tax.
Further to the standard checks and searches, Penarth conveyancing solicitors could also undertake coal mining searches due to the history of the South Wales coalfield.
Will you be taking out a mortgage?
If you are getting a mortgage, your solicitor will also need to act for the bank arranging your mortgage.
Your transaction could take significantly longer to complete and incur more costs if your property lawyer is not on your chosen mortgage provider's panel.
More than 100 banks and specialist lenders have approved our chosen panel lawyers. We can help you complete your Penarth transaction smoothly.
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Conveyancing for buying a property
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New Build Conveyancing
The legal work for purchasing a new build property in Penarth is more complicated than buying an existing property.
A conveyancer in Penarth must be able to deal with things like advising on mortgage offer flexibility for delayed completion, spotting incomplete agreements for roads and sewers and working with warranty providers, including NHBC, Advantage and Trenwick International.
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Buying a leasehold property
Almost every flat in the UK is leasehold. Buying a leasehold property can take weeks longer than a freehold house because leasehold transactions involve more work and there is greater complexity.
Examples of delays might include anything from incomplete service charge accounts to an unreachable freeholder.
Expert leasehold solicitors handle hundreds of leasehold transactions a month. Our proactive approach means fewer obstacles.
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Selling a house or flat in Penarth
As part of the property selling process in Penarth, the solicitor will compile key documents, including ID forms and the title deeds.
Duties include responding to the buyer's solicitor's enquiries and addressing snags like lack of consent for alterations.
In order to assure a smooth transfer of ownership, the solicitor will also coordinate with all stakeholders, such as agents, managing agents and lenders.
What do I need to know if selling a leasehold property in Penarth?
Conveyancing for selling a property
Remortgaging
The official base rate is 5.25% (22 January, 2025)
It's important that you confirm your conveyancer's lender panel status before you instruct.
We work with remortgage solicitors who are on all major mortgage lenders' panels, so whether you are changing to a 5-year fixed rate with Bank of Scotland or taking out a guarantor mortgage from Secure Trust Bank, we can help.
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Check our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transfer of equity
If you are intending to change the ownership shares of a property, whether you are inheritance tax planning, transferring the ownership of a property to your children or resolving joint ownership, you will need to transfer equity. Your property lawyer will handle all the required documentation for a guaranteed fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
Conveyancing costs in Penarth: What to expect
It only takes a minute to get a conveyancing quote online, but knowing what's actually included can be complex.
Conveyancing fees
Your solicitor's quote will set out the legal fees (inc. VAT) that you pay when the property transaction is complete. Conveyancing fees are paid to your lawyer for the work they carry out during your transaction.
Disbursements
Disbursements are the payments incurred by your lawyer during the conveyancing process. Examples of disbursements include Local authority searches, Stamp Duty or an indemnity policy.
Check for hidden costs
If you are comparing quotes, beware of hidden charges not mentioned in the initial conveyancing quote. Some firms may include additional charges in their terms and conditions. This can mean an inflated final bill.
