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Transfer of Equity in Bishop Auckland

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 Bishop Auckland

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Bishop Auckland 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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Conveyancing in Bishop Auckland Q & A's

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 15/01/17

Are you buying a residential property in the Bishop Auckland area? Helpful local Bishop Auckland public transport and services facts and figures ;

Bishop Auckland's nearest station is Bishop Auckland and Bishop Auckland's nearest airport is Darlington, Durham Tees Valley Airport (14 miles).

Lady Eden Bishop Auckland is a relatively close hospital.

Q.

On the purchase of a 659,000 property, what will be the fees? We are looking for a low cost conveyancing quote.

A.

Numerous conveyancers promote theoretically cheap conveyancing. However extra charges are frequently hidden in the solicitor's terms of engagement. Additional fees listed in terms of engagement should be reasonable and clear. A quote should list the disbursements to be paid.

Q.

The owner looks to have installed ugly artificial stone cladding on the flat in Bishop Auckland which I think might infringe nearby conservation area guidelines

A.

Your instructed conveyancing solicitor will ascertain whether the property is located within a conservation area, and if so, whether any alterations have the essential consents.Should no appropriate consents be in evidence your Bishop Auckland conveyancing solicitor will advise you of the options which can include buying an indemnity insurance or requesting retrospective approval.

Q.

The property being bought is on a brownfield site. What should we do regarding selenium topsoil contamination?

A.

Soil contamination is tested regularly. Various bodies hold data on land contaminants affecting Bishop Auckland, including local authorities.

Q.

Is the Stamp Duty Land Tax fee a disbursement or fee?

A.

Unscrupulous firms may attempt to pass off additional costs as disbursements. It is not always clear whether a cost is a disbursement or not, and if it ought to be included. This charge is a fee not a disbursement, and should be included in your quote.

Q.

Are there any designated conservation areas in the area?

A.

These areas denote streets and neighbourhoods of historical or architectural value. You may wish to contact the local authority for more information, but your conveyancing lawyer will address this during the conveyancing process.

Q.

We are going to be finally moving from our period building in Bishop Auckland into a new home in Durham , what is the best point to book a home removal firm?

A.

Most property lawyers will advocate that home vendors hold off until the point where exchange of contracts because usually an actual moving date wont have been fixed.

Depending on certain criteria home removals firms often charge a cancellation cost . Local firms include Ingrams, 15 21 Percy St, Bishop Auckland, DL14 6BQ Tel: 01388 661701.

Q.

Following recent news about the flooding in Sept 2012 in North East England, we are questioning if flood risk searches might not be sufficient?

A.

Conveyancing and environmental searches conducted by a Bishop Auckland conveyancer will include the more detailed search (Landmark) if required.

If you are still concerned try to contact a local resident or local County Durham flood damage builder - e.g. Moffett & March Ltd, 20 Warwick Rd, Bishop Auckland, DL14 6LT Tel: 01388 450019.

Q.

Should I opt for a law firm referred by our estate agent?

A.

It is not uncommon for agents in Sutton to recommend a law firm to handle your conveyancing. However, if the agent is paid a fee by the solicitor, there is a risk that the agent may suggest the conveyancer who pays out the highest referral fee, not a firm with local expertise and a solid reputation.

 
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