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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: 26/11/16

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.

What research concerning the uncertain risk of local flooding in the Southwark area will my Newington property lawyer advise us on?

A.

A critical step in the legal due diligence process carried out when buying a property involves the lawyer carrying out environmental searches that provide some details regarding Newington historical flood risk. On (05-Dec-08) there were no warnings around the at the The River Idle from Bawtry to where it joins the River Trent at West Stockwith.

Q.

What does 'fixtures and fittings' relate to?

Property buyers are regularly frustrated by a lack of clarity over what fixtures and fittings are included. The fixtures and fittings form is intended to avoid confusion, stating what is included with the sale.

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.

Is cobalt identified in Newington top-soil?

A.

Some metal contamination may have occurred throughout Newington, but some extreme cases may be deemed an unsafe risk. Other sources of contaminated land include water contaminants such as hydrocarbons and chlorine.

Q.

How much time will conveyancing often require? The house being transacted is also in the area.

A.

The time required to transfer a house is not wholly predictable. This wide range results from a number of aspects. These may include where a party does not quickly respond an enquiry. Our conveyancers work hard to ensure every sale is undertaken as quickly as possible.

Q.

I plan to buy a barn conversion in the parish of Friern Barnet. Do we need a chancel search?

A.

Whichever Newington parish you are buying in, a solicitor instructed to handle the transaction might recommend a chancel search. Chancel repair can be imposed on current owners of a property where Parochial Church Councils (PCCs) may have spared previous owners or tenants.

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.

 
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