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 exploring the possibilities of exchanging properties with my mother and was wondering what I would need to take into consideration.
The reasoning
After the loss of my Father some four years ago, my Mother has lived in the property. It is now clearly too large for her to look after both in terms of size ( 4 bedrooms ) and gardens which are in the region of 1 acre. With this in mind my mother has suggested that we should do an exchange of sorts. Whereby I take over the property. and from the sale of my property purchase a suitable bungalow for her.
My property is also too large for her so to do a direct swap is not really a solution ( four bedroom house) Ideally, she would like a two / three bedroom bungalow.
Would it be possible for me to sell my house and purchase a bungalow (no mortgage) and at the point of exchange transfer the ownership of my mother's property to myself and the new property to my mother.
Is there other options to achieve this
Approximate Property Values
Mother's £500,000
My current property £300,000
Potential new purchase £200,000
My thoughts are,
Firstly Is this allowable ?
What are the implications with regard to inheritance tax / social care ?
See answer given above. As a general note to all readers, kindly avoid duplicating questions - this makes the site look spammy to Google and affects how well it ranks, which makes it less accessible.
Many thanks
ADMIN