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Transfer of Equity in Newport

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 Newport

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 30/11/16

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.

Is it hazardous to avoid paying out for stamp duty?

A.

SDLT is generally payable on residential property sold for more than one hundred and twenty-five thousand pounds. Stamp duty reduction scheme should be treated with extreme caution, as such schemes are often uneconomical and can be very unlikely to succeed.

Q.

Will we need a chancel search if I am buying in the parish of Llanwenarth?

A.

The property lawyer may suggest that a chancel search is ordered. In Newport's much older areas, chancel repair has the potential to be imposed on the current owners of a property where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners, so indemnity insurance may be advisable even if liability is unlikely.

Q.

Which of the mortgage lender panels in Newport are you on?

A.

Of lenders with local branches in Newport, Homeward Legal work with the vast majority. Local mortgage lenders and brokers include Monmouthshire Building Society, John Frost Sq, Newport, NP20 1PX, Monmouthshire Building Society, 234 Stow Hill, Newport, NP20 4HA, and City Property Mortgages, 234 Corporation Rd, Newport, NP19 0DZ.

Q.

I am moving in Newport, and have a quote from you. Might we be expected to pay any additional fees?

A.

No. Homeward Legal do not charge any hidden extra costs. You should be aware that some solicitor do not give accurate quotes, only estimates, which they will not be bound to.

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.

Q.

If Newport contaminated land is found in an environmental search, can the top soil be remedied?

A.

If land has been contaminated by previous industrial use, remediation can often be possible. Contact a Newport specialist including South Wales Turf & Topsoil, Spring Court Farm, Coedkernew, Newport, NP10 8UF for additional information.

Q.

In a few weeks I am anticipating to be finally moving from our period building in Newport to a bigger home in Neath Port Talbot . When to book a home removal firm?

A.

Most solicitors tend to advocate that sellers wait until the point where contracts have exchanged because typically an absolute move date will not have been contractually agreed. Speak to Fox Self Storage (Newport), Unit 25 Leeway Ind Est, Liswery, Newport, NP19 4AS Telephone: 01633 280080 or Www.Manandvan4u.Net, 34/34/Graham Street, Newport, NP20 4GH on 07575 387575.

 
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