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Transfer of Equity in Roker

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 Roker

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 10/01/17

Roker data:

The closest airport to Roker is Newcastle Airport. and Seaburn station is almost a mile from Roker.

Q.

Roker points of interest

A.

Fulwell Tyne & Wear Windmill, Sunderland Holy Trinity Churches Conservation Trust and North East Aircraft Museum Aviation Museum are situated in Roker.

The most convenient hospital to Roker is Sunderland, Royal, Kayll Rd Entrance.

Q.

How do we get a cheap solicitor to buy a flat?

A.

Many online and high street conveyancers purport to offer cheap conveyancing, but extra costs are often hiding in the solicitor's terms which unwary buyers fail to check. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

What can my conveyancing searches cost?

A.

Conveyancing searches ranges in cost, subject to which searches have been ordered. Conveyancing searches are paid out to a 3rd party, and will be charged at cost.

Q.

Do we need searches for chancel liability? I am buying a property by parsonage grounds in Roker.

A.

In Roker, some owners can be required to fund repairs to specific local church buildings. Some names or words such as 'abbey' give an indication of a property's history, and thus whether chancel liability may apply. Roker church lands include St Andrew.

Q.

Is contaminated land in Roker a problem?

A.

Roker property will be contaminated by numerous natural causes, and an environmental search should reveal whether a house is impacted by contaminants like proximity to waste sites and nearby electrical substations.

Q.

How long may conveyancing legal work need, in your experience? We are buying in Roker.

A.

The number of weeks taken to transfer a home is not wholly predictable, based on a range of aspects, for example, whether the property is leasehold. For most firms in England and Wales, the average is between 8 to 12 weeks, whereas Homeward Legal take a more proactive attitude, pushing a transaction to complete within 8 weeks if possible.

Q.

What type of checks regarding the uncertain risk of local flooding in the Tyne And Wear region will the conveyancer in Roker be able to apply for a Sixties property we are going to buy?

A.

A property lawyer conducts official environmental searches that will include Roker area flood risk information.

Q.

I am intending to buy a restored chapel in Roker. Do we need a chancel search?

A.

A property lawyer might recommend a chancel search. In older areas of Roker, chancel repair may be imposed on new owners of a home where Parochial Church Councils (PCCs) have not imposed the same liability on the last owners. It is not safe to rely on the historical behaviour of the parish council alone as a guide.

Q.

We are buying a £982k, how is Stamp Duty Land Tax rates assessed?

A.

The Stamp Duty rate you will owe will depend on the value of the property. It is £39280 on a £982k residential property in Roker.*

*Accurate September 2012

 
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