Whether you're a layman looking to understand your own transaction or a lawyer needing assistance with a client's conveyancing our step by step sale and purchase guides will lead you through the process while our mini guides will break the whole thing into manageable chunks and give a deep insight into the key issues and stages. Leasehold, freehold, unregistered, registered – we've got it all covered.
Need help with a remortgage or transfer of equity / deed of gift? Our guides will walk you through the process and highlight some of the common pitfalls. Mortgages and transfers can be very simple procedures but complex issues can sometimes arise and mistakes are easily made. These guides will help you deal with them.
So you want to have a go at your own conveyancing? First you should read about the risks, then if you're still happy to proceed, our guides will take you through each stage of the process telling you what to look out for and helping you avoid falling into expensive traps. Our subscription service will give you access to all of the documents you should need for your conveyancing and we can even supply you with the Land Registry Official Copies you'll need. Our general guides will cover all the obstacles you are likely to face and offer a practical solution. Have a look at our sale and purchase guides too.
A big part of the conveyancing process is the conveyancing searches. This section tells you all about them. What they are, how and when to order them and how to interpret the results. Each search has its own guide and you'll see they are separated into Standard (should be done in every case), Regional (area specific) and Optional (not essential but often useful tools for the would be purchaser). All buyers should beware that when you buy a property, the law assumes that you have seen the information that would have been revealed by searches whether or not you have actually carried them out, so you buy the property subject to the results.
Using a conveyancer to handle your conveyancing will greatly reduce the risk to you and sometimes, particularly if you are taking out a new mortgage, you will have no choice but to instruct a conveyancer. The good news is it doesn't have to break the bank. Get a free, instant quote here. We can also help with quick easy quotes for other moving related services.
Are you looking for the documents you'll need for your conveyancing transaction? Or official copies of the title or other documents from Land Registry. We can help you. Follow the links below.
I have sold my house using a family member who is a qualified trainee solicitor she is unable to do the undertaking so the bank have provided the settlement figure along with a bank account number and sort code for the money to be paid into. they have also provided a letter to say once they have recieved the money they will clear the charges at the land registery the buyer solicitor are saying we can't do this is this correct ? thank you in advance for your help
Yes this is right. The buyer's solicitors are obliged to to obtain an undertaking from a firm of solicitors which is registered with the Law Society and which has adequate professional indenity insurance (the current minimum is £2,000,000 I believe) or a firm of licensed conveyancers again with adequate insurance that the solicitor/conveyancer will repay the mortgage and supply the DS1 or other discharge documentation on receipt. You can ask the buyers solicitors to redeem the mortgage on your behalf. If they are not prepared to do so then you will have to instruct another firm to redeem the mortgage. The risk to the buyers solicitor is that if you don't pay off the mortgage they are liable to their client and may ultimately have to pay it themselves
But surely if the money is going straight to the bank that my mortgage is with and they have issued a letter saying they will clear the mortgage and send the discharge to land registary that should be enough ?
That's not generally how it works. The money will be going to your current/savings account and you would have to transfer it to your mortgage account. Even if you have an offset mortgage (so that both your current account and mortgage account are the same) a redemption statement would have to be issued directly to the buyer's solicitors for it to work. Have you asked them about whether they are prepared to do this?
Hi yes the redemption statement was issued for the buyers solicitor the bank account number was natwest mortgage section and the ref number my mortgage account number so the money was not coming to me. It was going straight to the bank. The bank then issued a letter to say they would clear the mortgage and the charge at land registry.
Ok, in that case it may simply be that the buyer's solicitor is not comfortable acting as agemt for you and your lender (which is what you are asking). That's up to him and you can't force him.