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 OWN A TERRACED PROPERTY WHICH IS A 3 BED HOUSE AND A 1 BED FLAT. THEY ARE ON COMPLETELY SEPERATE UTILITIES AND BUILDING REGS AND PLANNING ARE IN PLACE.I AM LOOKING AT SPLITTING THE PROPERTIES ONTO 2 DEEDS WITH A FREEHOLD AND LEASEHOLD AS I AM STRUGGLING TO FIND A MORTGAGE LENDER WHO WILL LEND AND WITH A COMPETITIVE RATE. IF I SPIT THE PROPERTY IS THERE ANY TIME LIMIT BEFORE I CAN APPLY FOR A BTL MORTGAGE AS THIS WILL GREATLY REDUCE MY MONTHLY PAYMENT.I HAVE BEEN TOLD BY A MORTGAGE ADVISOR THAT IF I SPLIT THE DEEDS I CANNOT APPLY OR LENDERS WILL NOT LEND UNTIL 6 MONTHS HAVE PASSED. I ONLY NEED TO BORROW ON ONE PREPERTY ONCE SPLIT.
I think possible your mortgage advisor is a little confused. As a general rule you have to have owned a property for at least 6 months before you can get a mortgage on it and since the law doesn't allow you to grant a lease to yourself, for the flat you would have to grant a lease to someone else and then have them transfer the lease to you. This means it would appear that you hadn't owned the flat for 6 months and some lenders would not lend. This would not however prevent you from mortgaging the freehold house as this would stay in your name and just become subject to the new lease of the flat
Thank you for the advice. I will instruct my solicitor in that case and find a new mortgage company.