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 am hoping you could categorically clarify part of the selling/buying process, as this being my first time selling and buying at the same time, I am confused/concerned as to what is required in reality.
To clarify, we have about £21k in equity on our current property, and about the same in savings. I also have some loans and credit card bills, that if I could pay off, would give us a better mortgage offer.
My confusion is about the 10% deposit required at exchange of contracts. Can this be made up of my buyers deposit, my equity, and some savings if required, leaving me free to use some of the savings to clear loans? Or do I need the 10% deposit, in cash/savings, sat in my bank account to transfer at exchange of contracts?
My apologies if this seems a silly question, but being able to clear some loans by using some of the savings would make a considerable difference to our buying options.
Many thanks in advance for any assistance you could provide.
You will need 10% deposit to actually pay over to the sellers solicitors on exchange of contracts so you couldn’t use the equity as that would not be released until you complete and sell your existing house or remortgage your existing house to release some of that equity.
Sometimes a lower deposit can be paid on exchange of contracts especially if the property you are purchasing is relatively expensive so they (the sellers) may accept 5% with the remaining funds paid on completion.
It can be made up of your buyer's deposit and usually the seller will accept a lower than 10% deposit if you have a related sale releasing a lower deposit (although this is at the seller's discretion). The balance of the 10% deposit (if required) would need to come from your cash/savings.
www.notaryexpress.co.uk for further advice