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.
Both my husband and I have a poor credit history following our divorces and are in the last year now of our IVA. Given this we are led to believe it is very unlikely we could ever obtain a mortgage and certainly couldnt use help to buy.
A friend of ours does have good credit and has offered to take out a Help to Buy mortgage as a buy to let. They will then let the property to us and we would hopefully seek to transfer the mortgage from them at some point as our credit history improves over time.
We will put down the deposit - we are looking at properties in the region of 180 and have a 10k deposit available.
Are there precidents for this? Is this feasible? What would we need to do to protect everyone's interests and to ensure that all got something from the deal?
Thanks Katy
Katy,
There are number of issues here, but I would be inclined to avoid this kind of arrangement. Help to Buy is not available for buy to let mortgages. Most buy to let lenders will want a minimum of 20% deposit. If you friend intends to let it to you on the quiet, then all of you would be entering a very tangled web and would be a party to mortgage fraud. I will explain a bit more.
A Help to Buy or residential mortgage, does not usually permit the letting of a property, so your friend would be in breach of the mortgage terms.
You would need to gift the deposit to your friend for the lender to be comfortable. Your friend then has your money and the property would be in the friends name.
Avoid this kind of set up and look to get clean and start a fresh, you can start planning now. If neither of you have ever owned a property you should both look to start a HELP to BUY ISA and kickstart it with the maximum amount, information on this is available on the government website or Gooogle Help to Buy ISA. With this the government will add 25% to your savings for a house purchase (subject to limits andTt & Cs) Make sure any payments you are making to IVA and any other credit arrangements are not late. Keep payments on time and get evidnce you have cleared IVA at the end and time will heal your credit rating.