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, our TR1 form is a TIC with a 60/40 split. However I’ve been paying 50/50 on the mortgage. Will the 60/40 split only relate to the initial transfer price, so any profit after that amount will be split 50/50 or will it be the whole sale price of the property that is 60/40? Also, should I be paying half of the mortgage with that split on the TR1 - I feel I’m being shafted a bit.
Unless you entered into a separate "declaration of trust" or "trust deed" then yes, the proceeds will be split 60 / 40, though in the event of a dispute you may be able to challenge that. Whether or not you succeed will depend on a number of factors. As to what share of the mortgage each of you pays - as between you and the lender, you are both liable for the whole of the debt (so if one doesn't pay at all the other has to pay 100%). As between the two of you, that is a matter for you to negotiate. You should, if possible, discus that now and perhaps agree a new split of the equity (you can do that at any time but you both need to be in agreement or else you will need a court order). Resolving the argument through solicitors and / or the courts can be expensive and can easily use up ant extra equity you might gain, and possibly more
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