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Transfer of Equity in Newcastle upon Tyne

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 Newcastle upon Tyne

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Newcastle upon Tyne 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 Newcastle upon Tyne Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 03/12/16

Newcastle upon Tyne and health service information

As calculated by the UK 2011 census Newcastle upon Tyne has a residential population 1,162,698 spread over an area of 1,184,484 acres meaning a residential population density 1.0 people per acre.

Q.

Newcastle upon Tyne attractions

A.

Newcastle Tyne & Wear Windmill, Newcastle upon Tyne Hatton Gallery Art Gallery and Newcastle Upon Tyne Laing Art Gallery Art Gallery are close to Newcastle upon Tyne.

Newcastle train station is almost 1 mile from Newcastle upon Tyne. Newcastle upon Tyne's closest airport is Newcastle Airport.

The closest hospital for Newcastle upon Tyne is Royal Victoria Infirmary Newcastle.

Q.

I need the cheapest conveyancing quote. What should be watch out for?

A.

Both high-street and online property lawyers claim to offer supposedly cheap conveyancing quotes, but extra fees will be included in the solicitor's terms. Any disbursements ought to be listed on the quote Any fees found in the small print should be clearly defined and only come into force where the lawyer must complete work beyond standard conveyancing , which could not be anticipated at the start of the process.

Q.

We are intending to buy an extended investment property within a conservation area, how do I uncover information on the state of repair?

A.

Local conservation areas are designated by the local planning authority, who preserve everything from whether trees can be cut down to the thwarting of vacant buildings. English Heritage, a government body, have created a list of the state of repair of conservation areas in addition to the vulnerability of the area.

Q.

Newcastle upon Tyne conveyancing solicitors apply for necessary searches when instructed to act for a property buyer - what actual searches?

If you are taking out a mortgage a mortgage lender expects a solicitor to get particular searches, including the following Local Authority (personal or official), Drainage Search (Con29DW) and Environmental, and possibly specific local Newcastle upon Tyne searches, which may include a Land charge Searches.

Q.

For a residential property valued at £317k, how is SDLT calculated?

A.

Stamp Duty in Newcastle upon Tyne will depend on the valuation. On a £317k house or flat, stamp duty will be £9510.

Q.

We are buying in Newcastle upon Tyne, and need to know if there are any conservation areas.

A.

The areas in or near Newcastle upon Tyne will include numerous areas of historic or architectural significance designated as areas of conservation. You may wish to contact the local authority for further information, but your solicitor will address this during the house-buying process.

Q.

Should I get searches for chancel liability? I am buying a maisonette close to a 14th Century glebe in Newcastle upon Tyne.

A.

As a result of chancel repair liability, the owners of property in Newcastle upon Tyne which was once owned by a 'lay rectors' can be liable for repairs to an old church building. Some names or words such as 'rectory' give an indication of a property's history, and thus whether chancel liability may apply. Newcastle upon Tyne churches where a chancel search may be necessary include Christ Church, Church of Saint Thomas the Martyr, Holy Nativity, Chapel House and St George's Jesmond.

Q.

What are Newcastle upon Tyne's searches?

A.

Searches are a collection of questions requested by the property solicitor, and cover solely the legal condition of the property's title.

Q.

As a consequence of the extensive flooding in Sept 2012 in North East England I am questioning if property environmental searches might not be thorough enough?

A.

Environmental searches handled by your property solicitor will also include a more thorough search (Landmark) if it is felt necessary.

If you are still apprehensive try to speak to a close neighbour or nearby Tyne And Wear flood damage expert for example: Rainbow (International), Unit 6 Brunswick Ind Est, Brunswick Village, NE13 7BA Tel: 0191-217 0077.

 
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