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Transfer of Equity in Eaglescliffe

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 Eaglescliffe

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Eaglescliffe 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 Eaglescliffe Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/12/16

Practical nearby public transport and public service facts and figures ;

Eaglescliffe's closest train station is Bishop Auckland at 6 miles. The nearest airport to Eaglescliffe is Darlington, Durham Tees Valley Airport. Newcastle Airport is 25 miles and Darlington Airport is 20 miles away.

Bishop Auckland General is the nearest hospital for Eaglescliffe.

Q.

We are looking for a cheap Eaglescliffe solicitor for selling a house. What do we need to consider?

A.

This catches out many buyers and sellers, and can leave them paying far more in conveyancing fees than they budgeted. Many conveyancers advertise so-called 'the cheapest conveyancing quotes', but additional fees are often hiding in the terms of engagement. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

Is it recommended that we get a chancel search? We are purchasing a maisonette next to a vicarage in Eaglescliffe.

A.

The outcome of Aston Cantlow (PCC) v Wallbank in 2003 confirmed that chancel repair liability could be enforced. Following a change in the law, interest over any affected land must be registered by October 2013. The solicitor performing your conveyancing will confirm that a chancel search is appropriate.

Q.

What steps can I take to get out of paying out for stamp duty?

A.

Homeward Legal do not recommend clients arrange any form of stamp duty mitigation scheme. These schemes are costly and very risky.

Q.

Does the property lawyer in Eaglescliffe inform me about the cost of the council tax on a Band D house before completion?

The property solicitor will speak to the Stockton-on-Tees local authority to ascertain the latest council tax rates, which will subsequently be added to the conveyancer's title report. Correct rates for residents of Eaglescliffe are listed at the Stockton-on-Tees council website. On (16 January 2013) rates for all bands are:

  • Band A - £1,024.00
  • Band B - £1,194.00
  • Band C - £1,365.00
  • Band D - £1,535.00
  • Band E - £1,877.00
  • Band F - £2,218.00
  • Band G - £2,559.00
  • Band H - £3,071.00

Q.

Our purchase is completing in October. How is SDLT calculated?

A.

The Stamp Duty owed is based on the purchase price of the house. For a house or flat estimated at £955000, SDLT will be £38200.

Q.

Should I choose a conveyancing solicitor suggested by the estate agent in Radyr?

A.

Agent recommendations are a common practice route for buyers to find a solicitor. However, if they are paid a referral fee, an agent may decide to recommend whichever firm pays the most per referral, not the best value for you.

Q.

My husband and I am hopefully going to sell our co-owned property in a hurry at a Eaglescliffe property auction, does your panel have any fast solicitors in Eaglescliffe ?

A.

Our company take an extremely active approach to concluding the legal process.

Our chosen solicitors are proactive and will always communicate throughout the buyer and seller property chain and implement leading edge software and information technology systems to exchange on your sale fast.

Q.

Do we need a chancel search if we are buying in the parish of Gainford, near Eaglescliffe?

A.

The conveyancing solicitor is likely to recommend a chancel search. In older areas of Eaglescliffe, chancel repair may be imposed on new owners of a building where parish councils have not imposed the same liability on the last owners, so the solicitor will be unable to make any guarantees, and will recommend insurance.

 
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