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Transfer of Equity in South Shields

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 South Shields

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

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 07/12/16

South Shields area information

Whitburn Tyne & Wear Windmill, Tynemouth Priory and Castle English Heritage and St Paul Monastery English Heritage are in the vicinity of South Shields.

The closest station to South Shields is East Boldon, almost 4 miles away. The closest airport to South Shields is Newcastle Airport.

The nearest hospital is South Tyneside District South Shields.

Q.

How do we get low cost conveyancing in South Shields?

A.

Misleading conveyancing quotes catch out many property buyers and sellers, leaving them to pay sometimes £100s more than planned, and many firms claim to offer supposedly cheap conveyancing. However additional fees are frequently hidden in the solicitor's terms of engagement.

Q.

Property lawyers in South Shields order a variety of searches when they are instructed to act for a buyer, which actual searches?

A.

When obtaining a mortgage lender expects specific searches, including these searches - Local Authority (personal or official), Drainage and Water Search (CON29DW or personal) and Environmental and, depending on certain criteria, area-specific searches e.g. a Official Search of whole without priority.

Q.

Following recent news about the major flooding in Sept 2012 in North East England, I am questioning if flood searches may not be sufficient?

Property environmental searches handled by your South Shields conveyancing solicitor should also include the more specialist search (Landmark) if the risk is deemed significant.

If you are still concerned you could attempt to approach a future neighbour.

Q.

My lender is Lloyds TSB, is there anything I need to know?

A.

House buyers should know that, recently, a number of lenders have reduced their 'solicitor panel', potentially creating increased legal costs for purchasers. Homeward Legal are able to act on behalf of all large mortgage lenders, ensuring that an additional lawyer will not be required to act for your lender.

Q.

How much is the council tax on a Thirties converted Band C home in South Shields?

A.

You will be include your new house's council tax band within the title report. The correct charges for residents of South Shields are tabled at the South Tyneside local authority site. On (26 October 2012) the rates are:

  • Band A - £966.00
  • Band B - £1,127.00
  • Band C - £1,287.00
  • Band D - £1,448.00
  • Band E - £1,770.00
  • Band F - £2,092.00
  • Band G - £2,414.00
  • Band H - £2,897.00

Q.

What causes conveyancing appear to be so drawn out?

A.

Conveyancing can be subject to numerous interruptions or delays. Homeward Legal endeavour to minimise their burden by proactively handling all enquiries.

Q.

Which local authority is responsible for South Shields?

A.

South Shields is located in South Tyneside Metropolitan Borough Council, Town Hall and Civic Offices, Westoe Road, South Shields, Tyne and Wear, NE33 2RL, contact: 0191 427 7004

Q.

Is contaminated land in South Shields a concern?

A.

Many of contaminants can affect residential property in South Shields . Contaminants like shallow mining or local historic industrial processes will be reported on in environmental search results.

 
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