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.
Hi I wonder if you can help. I bought a house 5 years ago and in order to get the mortgage my step son went on the mortgage too. The solicitor at the time allocated him 1/2% share in the house. I want to remortgage the house and my step son wants to come off the mortgage. No monies are changing hands, he purely came on the mortgage to help me get a mortgage. Will I be liable for stamp duty.
You could potentially be liable for stamp duty. This will depend on the "consideration" for the transfer. In your case this will be half the debt owing on the current mortgage. There are two possible scenarios:
1. You do not own any other properties. If this is the case then provided the consideration is less than £125,000 there will be no duty to pay as you will be liable for duty at 0%.
2. You own at least one other property. You will be subject to the new Higher Rate. This means you will pay duty equal to any you would pay at the normal rate plus 3% of the consideration. For example if the consideration is £150,000 you would pay £500 (normal rate) plus £4,500 (higher rate) so £5,000 in total. If the consideration is £100,000 you would pay £0 at lower rate and £3,000 at higher rate. If the consideration is less than £40,000 however you will not be liable for any duty