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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: 01/12/16

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.

What precautions can we take to get out of paying SDLT rates?

A.

We do not advise clients arrange any stamp duty reduction. Such schemes are costly and very risky.

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.

Could the charges for our conveyancing hide any hidden costs?

A.

No. We will not charge any hidden extra fees regardless of circumstances.

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.

Virgin is going to be our lender - what will we need to check?

A.

When arranging a mortgage to purchase a property, a mortgage provider will need legal work to be undertaken in relation to the mortgage. Buyers should know that, in some cases, lenders are now reducing their 'solicitor panel', which may result in greater conveyancing costs for property purchasers. Homeward Legal will act for all major CML-approved lenders to keep legal costs to a minimum.

Q.

Do your house conveyancing solicitors look after auction conveyancing in Newham?

A.

Homeward Legal frequently act for auction buyers and sellers. Conveyancers always inform auction buyers to instruct a property lawyer before the actual auction for a full investigation of the sellers legal pack.

Thereafter, following the day of bidding a property conveyancing lawyer must be geared up to get through the legal work inside 28 days after exchange, a normal requirement of terms of sale.

Q.

How much is the council tax on a residential terraced home in Newham?

A.

As a rule a report on title will contain the appropriate Newham council tax band.

The correct rates for properties in Newham are set out at the Newham council site. On (04/09/2012) the different rates are:

  • Band A - £835.00
  • Band B - £974.00
  • Band C - £1,113.00
  • Band D - £1,252.00
  • Band E - £1,531.00
  • Band F - £1,809.00
  • Band G - £2,087.00
  • Band H - £2,505.00

 
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