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Transfer of Equity in Consett

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 Consett

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 14/01/17

Relevant local Consett travel and services facts and figures -

The nearest station to Consett is Stocksfield and the closest airport to Consett is Newcastle Airport (14 miles).

Shotley Bridge Consett is a nearby hospital.

Q.

I am trying to find the cheapest conveyancing solicitors in Consett. What should be watch out for?

A.

Many firms promote so-called cheap conveyancing quotes. However extra fees will be included in the small print. Busy, stressed buyers ignore these terms at their peril. Additional charges listed in the small print should be fair and clearly defined. The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

How long does it take my designated solicitor to conclude all of the conveyancing formalities on the top floor of period property in Consett?

A.

The legal process can take anywhere from around a month and twelve weeks contingent on various issues for example the speed of the vendor's property lawyer, or re-negotiations following a survey.

Q.

Are charges for obtaining duplicate freehold company share certificates disbursements or fees?

A.

Fees and disbursements ought to be identified on a conveyancing quote. These costs are fees not disbursements, and should be included in a quote.

Q.

Which local authority is responsible for Consett?

A.

Consett is located in Durham County Council, County Hall, Durham, DH1 5UL, contact: 0300 123 7070

Q.

Do I need to get a Homebuyer Report for the house purchase?

A.

It is suggested that buyers order an inspection. It is a fact that there are a range of problems that can negatively affect a property, which are not included in your mortgage lender's valuation. These include poor drainage.

Q.

How much does the searches in Consett cost?

A.

The cost of searches will vary, depending on the particular searches ordered. They are paid out to a 3rd party.

Q.

In what ways can a property lawyer in Consett advise us on the potential risk of possible flooding in Consett for an investment property I am intending to buy?

A.

A qualified conveyancing lawyer will conduct official property conveyancing searches that should include Consett historical flood risk information. Also as an additional measure the solicitor in Consett will often advise a more detailed (e.g. Homcheck) detailed flood search.

Q.

What do we need to calculate stamp duty tax?

A.

The Stamp Duty that is payable is calculated with reference to a small range of considerations, including the value of the house or flat, and whether it is in a 'disadvantaged area'. On a £1158000 house, stamp duty will be £57900.

 
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