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.
We have exchanged contracts, but circumstances have arisen whereby we may not now have sufficient funds to complete on the agreed completion date.
Would we need to pay interest on the outstanding sum?
Could the seller take our deposit and cancel the sale, claiming we had broken the contract?
On the completion date your seller can serve a "notice to complete" , compelling you to complete within 10 working days (or less if this period has been varied in the special conditions of the contract. If you fail then he can rescind the contract and keep your deposit. He can also see you for any loss he suffers as a result of the failure to complete. Even if you do complete within the notice period he can sue you for any loss suffered as a result of your failure to complete on time. He does not have to rescind the contract.
Whether he does or not you will be liable for interest at the contract rate, usually 4% above the Bank of England base rate so currently 4.5%. So you take the purchase price less the deposit, divide by 100, multiply by 4.5, divide by 365 (days in a year) and this gives the daily rate of interest payable.
I hope this helps and good luck.