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Transfer of Equity in Newington

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 Newington

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 21/01/17

Newington area info

George Inn National Trust , Brixton London Windmill, Imperial War Museum Aviation Museum and Tate Modern Art Gallery are easily accessible from Newington.

Newington's nearest airport is London City Airport (7 miles). Heathrow Terminals 1 2 3 Airport is 16 miles, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 17 miles, Gatwick South Terminal Airport is 24 miles, Gatwick North Terminal Airport is 24 miles, Heathrow Terminal 4 Airport is 16 miles, Northolt Jet Centre Airport is 14 miles, Elstree Airport is 15 miles and London Biggin Hill Airport is 13 miles away and Newington's closest train station is London Waterloo East.

The closest hospital is St Thomas Lambeth.

Q.

How do we find the best conveyancing rates for a 438,000 house?

A.

Both high-street and online firms purport to offer supposedly 'the cheapest conveyancing quotes'. Unfortunately additional charges are frequently hidden in the solicitor's terms of engagement. Any additional charges which are listed in terms of engagement ought to be fair and reasonable.

Q.

My mortgage lender is Basinghall Finance - what will we need to check?

A.

Buyers in Newington should know that, in some cases, lenders have reduced their 'solicitor panel'. This can mean increased legal costs for house purchasers. Homeward Legal will act for most mortgage lenders.

Q.

I am intending to buy in Newington, should we have property searches done?

A.

Searches are a prescribed set of enquiries undertaken in the interest of the purchaser, for example a commons registration search. Buyers should be aware that, conveyancing searches consider issues and defects relating to the property's legal title.

Q.

Conveyancing searches are all well and good but with recent events such as the extensive flooding in the UK in April 2012 are they comfort enough to identify enough about the changing risk of flooding in Newington?

A.

An experienced property lawyer in Newington will carry out environmental searches if the standard searches establishes a significant risk Newington flood risk.

For added area background might be able to contact a future neighbour.

Q.

Which local authority looks after Newington?

A.

Newington is located in London Borough of Southwark Council, Town Hall, Peckham Road, London, SE5 8UB, Call: 020 7525 5005

Q.

What are our options if we invest in a period house located inside a Southwark council conservation area ?

A.

Part of the conveyancing process involves the ordering of searches of Southwark planning authority to determine conservation area status and the required formal approval for any alterations. Local Authority searches are not fees and are charged at cost to the client.

Q.

I am buying a £334000. What should be assessed for stamp duty?

A.

The Stamp Duty due will depend on the house or flat's value. It is £10020 on a £334000 Newington home.*

*Accurate as of February 2013

Q.

Is it advisable to get a chancel search? We are buying a residence in Newington.

A.

In Newington, some owners can be required to contribute towards maintenance of church property in the locality. As a result of the Land Registration Act 2002, interest over any affected land must be registered by October 2013. A solicitor will be able to advise as to whether a chancel search is necessary, and recommend suitable insurance. Church lands in the area include St Christopher, St Giles, St Mary and St Mary the Virgin.

 
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