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Transfer of Equity in Gateshead

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 Gateshead

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 01/12/16

Read all about the area ;

Gateshead's nearest airport is Newcastle Airport. and Gateshead's nearest station is Newcastle.

Q.

Local points of interest in Gateshead

A.

Newcastle Tyne & Wear Windmill, Gateshead Shipley Art Gallery Art Gallery and The Baltic Gateshead Art Gallery are around Gateshead.

The most convenient hospital to Gateshead is Bensham Gateshead.

Q.

How do we get fixed rate conveyancing in Gateshead?

A.

Many buyers seeking discount conveyancing are caught out by the lure of very low conveyancing rates, and many conveyancers advertise theoretically cheap conveyancing quotes, however extra charges will be included in the terms and conditions. Costs needs to be fair. Our online quote calculator will generate an accurate quote for your transaction.

Q.

Should you get a chancel search if we are purchasing on the same road as a church constructed in the 17th Century in Gateshead?

A.

Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Gateshead Church council. A chancel search addresses if such a liability exists. Liability is more common in some parts of the country. The solicitor performing your conveyancing will be able to advise as to whether a chancel search is necessary. Church properties in Gateshead where a chancel search may be appropriate include St Edmund's Chapel, Low Fell, St Helen, St James & St Bede Church Centre and St Nicholas with Christ Church.

Q.

The property being purchased is in Saltwell. Can we request stamp duty relief?

A.

Gateshead disadvantaged area relief is planned to stop in April 2013. Disadvantaged areas in the vicinity Gateshead include Bede, Blaydon,

Deckham, Felling, Lamesley, High Fell, Bensham, Leam, Saltwell and Teams. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

My wife and I are purchasing a residence in Gateshead, and would like to establish whether there are any conservation areas.

A.

Areas deemed to be of historical merit, such as fishing villages, will be designated as conservation areas. The local council will be able to provide more details about local conservation areas, and the solicitor handling your purchase will discuss the relevant responsibilities you would be taking on by purchasing in a conservation area.

Q.

Is contaminated land in Gateshead a concern for many houses?

A.

Residential property in Gateshead could be contaminated by several natural and human-influenced issues, like sand or clay quarries. An environmental search can give more clarity. Contamination can be caused by local waste sites, including Tyne Main Road, Felling, NE10 0SB.

Q.

We are buying on a Gateshead ex-industrial site. Is aluminium (Al) topsoil contamination likely?

A.

With the history of industry in parts of Gateshead, top-soil contamination is unavoidable. Environment search results will factor contaminants, including metals and others such as insecticides and groundwater contamination.

Q.

I am buying a 1950s flat in the boundary of conservation area in Gateshead, how do we locate more information about the standard of repair?

A.

English Heritage have assembled records of the state of repair of conservation areas in England.

Local Gateshead conservation areas are specified by the local authority (Gateshead) who oversee things like what can be demolished to the stoppage of street guard rails.

Q.

Do conveyancing searches matter?

A.

These searches are common bundle of queries requested by the property lawyer, for example an environmental search. Buyers in Gateshead should consider that, these searches refer specifically to the legal condition of the property's title.

 
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