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'd like to buy a flat which has a very short lease - 52years. The lease extension will cost 48k for this property. The seller would be happy to extend the lease but only if buyer pays for it. I have 50k saved to be used as a deposit, but if I use it to extend the lease I won't have a deposit. Is it all possible to arrange like this: We both enter the buying process. I will pay seller deposit of 50k, which they will have to use to extend the lease. Once the lease has been extended, I will apply for mortgage(full price including extension). Basically is it possible to use deposit to extend the lease? Or is it possible to approach this issue some other way?
thanks
pavol
Ordinarily you would agree to buy the property for £X, being the purchase price plus the cost of the lease extension. So say the property is worth £100,000 with a 52 year lease and the extension costs £48,000, The purchase price would be £148,000. The lender would value the property on the basis of the new, extended lease. Prior to exchange of contract the seller would agree the terms of the lease extension with the landlord including the price then on the day of completion the seller's solicitor would be holding the new lease signed by the seller and landlord's solicitor would be holding the new lease signed by the landlord. Your solicitor would send the £148,000 purchase price (less any deposit already paid on exchange) to the seller's solicitor and he would send £48,000 to the landlord's solicitor as well as his client's signed new lease. In return the landlord's solicitor would send the lease signed by to the landlord to the seller's solicitors who would in turn send it to your solicitors who would register it at Land Registry on your behalf. This avoids the need for the lease extension to be paid for before completion of your purchase