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Transfer of Equity in Newark

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 Newark

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 02/12/16

Local area travel and health information and addresses ;

The nearest train station to Newark is Newark Castle. The nearest airport to Newark is Gamston Airport (15 miles). Tollerton Airport is 16 miles and away.

Q.

Newark attractions

A.

Newark Air Museum Aviation Museum and Cotham St Michael Churches Conservation Trust are near to Newark.

The closest hospital is Newark.

Q.

I am looking for a fixed rate conveyancing quote. How do we get a quote?

A.

Many online and high street firms promote cheap conveyancing, but additional costs are often hiding in the small print which unwary homeowners fail to check. Any extra costs listed in terms and conditions should be reasonable. They only apply in cases where your conveyancer is required to perform tasks outside a normal transaction , which could not be anticipated at the start of the process. The conveyancing quote should also clearly state any disbursements.The Homeward Legal quote calculator will confirm the exact legal fees based on the property you are buying.

Q.

How many weeks should I account for the conveyancing process usually take?

A.

The amount of time required to transfer a house is not wholly predictable, based on numerous legal considerations, for example, if the property is leasehold. Our conveyancing solicitors work hard to ensure every sale is undertaken with the utmost care and speed.

Q.

I have read about the major flooding in Sept 2012 in the East Midlands I am asking whether flood searches aren't detailed enough?

A.

A good conveyancing solicitor in Newark will advise you to get additional environmental searches if the standard searches determine a significant risk of flooding in Newark.

You may be able to contact a local resident for some more insight or regional Nottinghamshire flood repair builder - for example: J Johnson & Son, Biasca Retford Rd, Walesby, Newark, NG22 9PE Tel: 01623 860388.

Q.

Will it be necessary to get a chancel search if I am intending to purchase in the parish of Carlton in Lindrick, near Newark?

A.

Whichever Newark parish you are buying in, a Newark conveyancing solicitor may suggest a chancel search. Through some Parochial Church Councils have decided to impose chancel repairs on the current owners of affected property, there is no guarantee that a parish where repair costs have not been paid before, that this will not be so in future. It is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

Which lender panels in Newark are you on?

A.

Of lenders with offices nearby Newark, we with the bulk of them. Newark lenders and mortgage specialists include Just 4 Mortgages, Lombard St, Newark, NG24 1XB, B B Mortgages, 24 Carter Gate, Newark, NG24 1UB, and L W F, Unit 11 Halifax Court/Fernwood Business Pk/Cross La, Fernwood, Newark, NG24 3JP.

Q.

Would you recommend making the effort to avoid paying HMRC stamp duty?

A.

Stamp duty reduction scheme must be treated with caution by purchasers in Newark, as such schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.

Q.

For our lender, we have chosen Northern Rock - what do I need to check?

A.

A small number of lenders have limited the firms who can act for them, resulting in higher conveyancing costs for buyers if the lender insists upon their own conveyancer . Homeward Legal, however, can act for many mortgage lenders so that you will not be required to pay the lender's legal fees.

Q.

What kind of scrutiny in relation to the uncertain risk of a flood at Nottinghamshire will a Newark conveyancing solicitor advise us on?

A.

A crucial step in the conveyancing protocol of buying a property involves the solicitor applying for environmental searches that offer certain details with regard to risk of flooding in Newark.

 
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