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.
Can someone help me please before I go mad. My daughter has split up from her boyfriend. She can not afford to pay the mortgage herself as the lender does not think she earns enough however she realises just how hard it would be to get back onto the property ladder should they sell the property and wishes to keep it. I completed an affordability assessment with the lender to see if I could go onto the existing mortgage with her until she can afford to take it over herself. The lender agreed I could do this but the length of the loan would have to be reduced from 27yrs to 20yrs because of my age and the payments would go up £135 a month. I agreed this as the existing loan of a fixed term would end in April 2019 and she would then be financially able to take over the mortgage herself. She has paid £150 to the lender to remove him of the mortgage and for me to go on and the title of deed has been sent to his solicitors to remove him from it. However her solicitor is saying I will become a legal owner of the property and will have to go onto the title of deed and therefore because I already own a property I will be subject to 3% charges of stamp duty something I was not aware of. The thing I cant understand we negotiated a rate to pay her partner off of £20,000 and I had to sign a document for the bank to say I was gifting this to her and had no financial interest in the property? Therefore I don't understand how I can be liable for stamp duty if the lender is treating me as having no financial gain from the property? I thought I was just entering onto the mortgage and the title of deed would be in her name now her ex has been removed?
The short answer is additional rate of Stamp Duty Land Tax is totally separate to any arrangement you have made with the lender or your daughter in respect of the £20,000. By going on the mortgage you also need to go on the title deeds and therefore become an owner triggering the requirement to pay the additional SDLT.
It may be worth discussing with the lender being a guarantor and therefore not going on the mortgage, title deeds or triggering the additional SDLT.
PWP Services Ltd