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Transfer of Equity in Newham

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 Newham

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 11/01/17

Local travel and health service information and addresses ;

Motorists are well catered for with Newham ideally situated with good road access about 2m of the A40M.

Newham's nearest airport is London City Airport. Heathrow Terminals 1 2 3 Airport is 15 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 25 miles, Gatwick North Terminal Airport is 25 miles, Heathrow Terminal 4 Airport is 15 miles, Northolt Jet Centre Airport is 13 miles, Elstree Airport is 14 miles and London Biggin Hill Airport is 14 miles away and the nearest station to Newham is Charing Cross.

Q.

Newham attractions and landmarks

A.

Brixton London Windmill, London National Portrait Gallery Art Gallery and Temple Middle Temple Hall Historic Building are in Newham.

The nearest hospital to Newham is Royal London Homeopathic.

Q.

What are the best rates for conveyancing for a £260,000 residence?

A.

Many firms claim to offer 'the cheapest conveyancing'. However extra costs are frequently hidden in small print that buyers often do not check. Extra costs which are listed in the terms ought to be reasonable. They only come into force where the solicitor must complete unanticipated additional work on your behalf, which could not be anticipated at the start of the process. Any disbursements to be paid should be included on the quote. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

Do you recommend that we get a chancel liability search? We are buying a Newham flat conversion next to a church constructed around the 1200s.

A.

Some owners in Newham can be required to contribute towards upkeep of local churches. Some names or words such as 'glebe' give an indication of a property's history, and thus whether chancel liability may apply.

Q.

We are buying on a Newham brownfield site. Could the soil be contaminated by industrial waste?

A.

Newham industry and natural causes can cause soil contamination. Data on many contaminants, such as groundwater contamination and food-processing waste, will be included in an environmental search.

Q.

With a £931,000 property ready to buy , how do we arrange a fast completion in Newham?

A.

Firstly, instructing a communicative solicitor is crucial to faster conveyancing. Consider the following:

  • Did you experience any delays when requesting a quote?
  • Do they use email as the preferred mode of communication?
  • Will they work on a 'no sale, no fee' basis?

Q.

Which local authority is responsible for Newham?

A.

Newham is located in London Borough of Newham Council, Newham Dockside, 1000 Dockside Road, London, E16 2QU, phone: 020 8430 2003

Q.

When in the process do we need to instruct a solicitor to act on our purchase?

A.

The straightforward answer is, instructing as soon as possible is wise. Prompt instruction of a conveyancing firm for a purchase allows you can shave days off the process by having the details of your instructed solicitor ready when you make an offer, or, if you are selling a property, prior to marketing the property, documents can be prepared to make it potentially more attractive to motivated buyers.

Q.

We plan to complete on around 7th July. How is stamp duty rates calculated?

A.

The Stamp Duty Land Tax which will be owed is based on the property's value. It will be £27720 on a £693000 property.*

*Correct January 2013

Q.

Should we instruct the solicitor referred by my estate agent?

A.

Many estate agents have referral deals with solicitors where they refer conveyancing clients to them. These referrals should be thoroughly considered, as there is a risk that an agent may choose the solicitor willing to pay the highest referral fee, not the most suitable for you.

 
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