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Conveyancing in Newport Q & A's

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By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/04/17

Local transport and health service information

A good lawyer will have extensive property market knowledge that isn't simply limited to the legal process. Below we address some of the more common questions we have encountered from home buyers and sellers in Newport:

Q.

Local Information about Newport

A.

As corroborated by the UK census, the usual residential population of people in Newport is 488,368 spread over an area of 164,271 hectares (405,922 acres) meaning a population density of 3 people per hectare (1.2 per acre).

Newport is roughly 1 mile of junction entry 26 Westbound of the M4.

Bristol Airport is 18 miles from Newport. Cardiff Airport is 20 miles and away. The nearest train station to Newport is Newport.

Q.

Newport area information

A.

Newport Castle Cadw and Caerleon Amphitheatre Cadw are in Newport.

The closest hospital for Newport is St Woolos Newport.

Q.

What are the best rates for conveyancing for a £545,000 home?

A.

The confusion over this topic affects many buyers who opted for a very cheap quote, only to be stung later in the conveyancing process. Many firms purport to offer cheap conveyancing. However additional charges are often hiding in the terms. Any additional costs ought to be fair and reasonable. Our online quote calculator will generate an accurate quote for your transaction.

Q.

How can my property solicitor in Newport advise on the risk and history of local flooding at Newport on an Edwardian property we intend to buy?

A.

The conveyancing solicitor will carry out conveyancing and environmental searches, which include Newport historical flood risk data.

Q.

Is a bankruptcy search a fee or disbursement?

A.

Comparing conveyancing quotes can be difficult, considering differences in terminology. This charge is a disbursement not a fee, and is passed on to the buyer at cost.

Q.

For a residence valued at £1169000. What will be assessed for Stamp Duty Land Tax rates?

A.

The Stamp Duty payable depends on a small number of factors, most importantly the purchase price. It will be £58450 on a £1169000 home.

Q.

Would ordering a building survey be required when we are purchasing property in Newport?

A.

It is suggested that you order a building survey. There are a range of defects that can negatively affect a property, which will not be addressed during a property valuation. These can include cracks in walls and dry rot.

Q.

We are buying in Newport. Are there any conservation areas in the area?

A.

Conservation areas denote areas of architectural merit. The solicitor handling your purchase should be able to advise further and discuss the relevant responsibilities you would be taking on by purchasing in a conservation area.

Q.

National Counties Building Society is our mortgage lender - is there anything I need to know?

A.

Traditionally, solicitors could carry out mortgage-related work for most lenders. A small number of lenders have reduced the number of firms able to act for them. Homeward Legal will act for the majority of mortgage lenders, keeping buyers' legal costs to a minimum.

Q.

Is your solicitor team set up to complete within 28 days of exchange on the legal conveyancing of residential property auction properties in Newport?

A.

Indeed we are auction specialists and frequently work for buyers and sellers at auction. Our auction team conveyancing lawyers have been instructed by countless buyers at local property auctions, for example Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Clever auction buyers will pick a conveyancing firm as fast as they can for a thorough investigation of the sellers documents in advance of the day of the auction.

Subsequently, following the property auction a prepared conveyancing lawyer will be geared up to conclude the legal process in under the 4 week time frame as conventionally required by the terms and conditions of sale.

 
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