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Transfer of Equity in Newport Pagnell

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.

Get an instant quote for a transfer of equity in Newport Pagnell.

Remortgage Solicitors Newport Pagnell

Homeward Legal's panel of solicitors carry out remortgage conveyancing for Newport Pagnell 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.

Get an online Newport Pagnell solicitor remortgage quote to begin.

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or call us: 0800 038 6699


The Conveyancing
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Conveyancing in Newport Pagnell Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/11/16

Things to do in Newport Pagnell

New Bradwell Bucks Windmill, Ark Wildlife Hospital Animal Sanctuary and Broughton St Lawrence Churches Conservation Trust are close to Newport Pagnell.

Milton Keynes Central train station is about 4 miles from Newport Pagnell. The closest airport to Newport Pagnell is Turweston Aerodrome Airport (16 miles). Luton Airport is 21 mile and away.

Newport Pagnell is approximately 2m of junction entry 14 Northbound of the M1.

The neighbouring hospital for Newport Pagnell is Milton Keynes.

Q.

Although there are lots of £99 fixed quotes online, how do we find a reputable one? We need to find a fixed rate conveyancing quote.

A.

Numerous property lawyers purport to offer 'the cheapest conveyancing quotes'. However additional costs are often hiding in the solicitor's terms of engagement. Third party costs, termed disbursements, to be paid ought to be listed on a conveyancing quote based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Is it necessary that I get a chancel search when I am buying in Newport Pagnell near a 1200s 'parson's close'?

A.

Chancel repair liability can require some property owners to subsidise maintenance of a local church. Some names or words such as 'abbeylands' give an indication of a property's history, and thus whether chancel liability may apply. Newport Pagnell church lands include St Luke's and St Peter & St Paul.

Q.

How is stamp duty tax calculated, what amount should we budget for a £156000 residential property?

A.

Stamp Duty Land Tax is based on several factors, primarily the home's purchase price. Stamp duty will be £1560 on a £156000 house.*

*Source: www.hmrc.gov.uk, March 2013

Q.

For our mortgage lender, we have chosen Britannia - what will we need to be aware of?

A.

Traditionally, solicitors could carry out mortgage-related work for most lenders. House buyers should consider that a small number of lenders have opted to reduce the size of their 'solicitor panel'. For buyers, this can result in significantly greater legal costs. We are able to act on behalf of most mortgage lenders.

Q.

Which individual searches will a conveyancing solicitor in Newport Pagnell order for a Newport Pagnell home?

A.

The conventional procedure will be to obtain the following Local Authority (council), Drainage Search and Environmental, and possibly area-specific searches for instance Land charge Search (bankruptcy only).

Q.

Fixtures and fittings include what?

A.

House purchasers in Newport Pagnell will often be frustrated with the lack of formality over which fixtures and fittings will be included. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction. This makes resolving any confusion between buyer and seller on this issue so urgent.

Q.

For a fast completion to buy a £100k home, what should we do?

A.

The key to fast conveyancing is to instruct a experienced property lawyer. There are a number of tasks you could do, including, quickly completing and return any forms, confirming your mortgage offer and requesting regular updates from your property lawyer and keep the pressure on.

Q.

How much would the charge for our conveyancing searches come to?

A.

With a Homeward Legal solicitor, clients are charged at most £249 for searches. They are paid to a third party.

 
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