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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.

Get an instant quote for a transfer of equity in Newcastle upon Tyne.

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: 16/01/17

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're buying a property in Newcastle Upon Tyne with Newcastle Building Society and would like to know if we can work with you?

A.

Yes you can! Many years ago, finding a solicitor was far easier, but times have changed and with them, banks’ panel of approved solicitors have shrunk, meaning if your solicitor is not on the bank’s list, you will have to pay someone of the bank’s choosing also.

This isn’t the case with Homeward Legal as we are approved to work with 99% of banks, so we will find you a solicitor who can do everything for you and save you money in the process.

Q.

We’re buying a place in Newcastle upon Tyne and don’t know what fixtures and fittings are included yet.

A.

The fixtures and fittings list is notoriously hard to pin down and many sellers don’t prepare one until the last minute which puts them at a higher risk of having a dispute over what is included.

Usually things that can be removed like door handles, lighting and so on is included in the fixtures and fittings but this will all depend on what is agreed between you and the seller.

Q.

If I am purchasing in a parish of Newcastle upon Tyne, do we need a chancel search?

The solicitor could advise that a chancel search be taken out, whichever parish where the home being bought is located. Through some Parochial Church Councils have exercised their right to exact chancel repairs on the current owners of affected property, there is no way to be certain that a parish which has not imposed liability will continue to be free from liability. It is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

What fact finding regarding the risk of a flood in the Tyne And Wear area will the conveyancing solicitor in Newcastle upon Tyne report on?

A.

A crucial step in the legal due diligence process of buying a property involves your conveyancer making an application for environmental searches that provide you with specific information on the subject of Newcastle upon Tyne flood risk area data. Additionally a property solicitor in Newcastle upon Tyne may advocate a significantly more in-depth flood risk search.

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.

Q.

Do you have good solicitors that carry out the conveyancing of residential property auction properties in Newcastle upon Tyne?

A.

We are highly experienced with buyers and sellers at auction. Our lawyers have acted for numerous buyers and sellers at local property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Prudent auction buyers always decide on a local lawyer as rapidly as possible for an investigation of the sellers pack in advance of the auction day itself.

Post property auction, a conveyancing lawyer will be ready for carry out the auction conveyancing process in under a month as usually required by the auction conditions.

Q.

What are Newcastle upon Tyne searches? Do I have to have them?

A.

Searches are a collection of formal questions requested by the property solicitor, and will cover the legal condition of the property's title as well as any local environmental problems that may affect the safety and value of your new home.

However, you should be aware that searches will not take the place of a survey, and if you want to know details of the house’s structure or condition, you will need a survey as searches will not cover this.

Why not read our guide to conveyancing searches to find out more.

 
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