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.
Hi I have just agreed a purchase price for a flat at £128K from my landlord, as it needs a lot of work inside and out, however Ive just had a homebuyers report done the valuation came in at £150k will my solicitor ask me to get indemnity insurance, or ask the landlord to sign to say they are selling to me at a special price?
I would rather not let him know what the valuation came in at as he will ask for more money, is this necessary? The adviser from the lenders is not sure but reckons I may have to get the seller to say he sold me it at a cheaper price, and has no claim on the property for doing so, and I will need indemnity insurance to cover this, is this true?
1) will the lender expect me to do this?
2) Can I now request a better LTV rate as I am now 72% with it being £150k than 85% being £128 thank in advance
Thanks for your questions:
1. If the mortgage offer states the purchase price as £128,000 and the valuation as £150,000 then unless there is specific condition in the offer about it, it will be up to your solicitor to decide whether insurance and a statement by the seller is required to protect the lender. If the offer doesn't state the valuation or if the purchase price is incorrectly stated your solicitor will have to report this and your lender will state what it requires.
2. You will need to speak to your financial adviser