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Transfer of Equity in Newmarket

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 Newmarket

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/17

Newmarket and health information

Cambridge City Airport is 10 miles from Newmarket. The nearest station to Newmarket is Newmarket.

Newmarket is the nearest hospital.

Q.

We are looking for a cheap Newmarket solicitor to buy a new build house. What do we need to consider?

A.

Various solicitors claim to offer supposedly 'the cheapest conveyancing quotes', but additional charges are frequently hidden in the solicitor's terms that buyers often do not check. Your Newmarket conveyancing quote ought to list any disbursements.Our quotes offer a clear statement of your solicitors fees for a standard purchase or sale.

Q.

We are using a lender based in Suffolk, and need to know which Newmarket lenders your conveyancing solicitors work with. Whose panels are you on?

A.

The Homeward Legal group are able to work with the majority of lenders providing financing to Newmarket home purchasers. Local mortgage lenders and brokers include Shire Financial Services Ltd, Surrey House/41 High St, Newmarket, CB8 8NA.

Q.

How can we establish whether a residence is in a designated conservation area?

A.

Areas deemed to be of historical merit, such as country house estates, will be designated as conservation areas. The local authority will offer more information about local conservation areas, and the solicitor handling your purchase address the impact buying in a conservation area may have.

Q.

Do I need to get a home buyers survey for our Newmarket home purchase?

A.

The Royal Institution of Chartered Surveyors strongly recommend that most Newmarket buyers order an inspection if buying in Newmarket. It is a fact that there are many defects that will impact a property,

which are not included in your mortgage lender's valuation. These include insect infestation and rotten roof timbers.

Q.

If I am buying in the parish of Kirton, should we get a chancel search?

A.

Your conveyancing lawyer may suggest that a chancel search be taken out. In older areas of Newmarket, chancel repair has the potential to be charged on new owners of a building where parish councils have not imposed the same liability on the last owners. For property in the parish of Kirton, it is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

I f I read up on handling the legal work as a buyer of a flat. Is it a smart move to carry out the all of the legal work ourselves?

A.

Technically there are no arguments at all why a seller cant adopt a DIY approach and handle the majority of the your own conveyancing unaided.

However, a conveyancing solicitor in Newmarket is familiar with a significant number of tasks such as approving contract or notifying all parties of exchange some of which require a qualified professional.

Additionaly legal firms are legally obligated to be in possession of sufficient indemnity insurance to protect you from any professional losses you encounter.

Q.

Which local authority is responsible for Newmarket?

A.

Newmarket is located in East Cambridgeshire District Council, The Grange, Nutholt Lane, Ely, Cambridgeshire, CB7 4EE, contact: 01353 665 557

Q.

Flood searches are conveyancing protocol but when one considers recent events such as the Met Office projecting more intense rainfall in the future are they the best way to verify enough about the ever changing Newmarket flood risk?

A.

Property conveyancing searches conducted by a conveyancing solicitor in Newmarket will include the far more rigorous flood search if the risk warrants it.

If you are still nervous you can contact a local resident or local Suffolk flood damage builder such as: Total Decorating, 4 Studlands Business Centre/Studlands Pk Av, Newmarket, CB8 7SS Tel: 01638 666201.

 
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