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 was hoping you could give me some advice on my situation.
I purchased a property with my daughter in 2016. She was only 19 at the time and it was easier if we got a joint mortgage but I had to go on the deeds as a joint owner.
This is my daughters house, I didn’t live there as I had my own property, she lives there and pays the mortgage and bills herself. I am basically a part owner in name only for mortgage purposes.
We paid £115000 for the house and are in the process of selling it for £150000 so there is a profit of £35000. All of this profit will be used as equity and put into my daughters next house purchase.
My problem is that as a joint owner I think I am liable for capital gains tax. Even though this is not my house and I will not benefitted or profit from the sale in any way.
Am I correct in thinking that I am liable for CGT and if so is there anything I can do to reduce or avoid paying this money. It is especially annoying as we paid full stamp duty on the purchase because though my daughter was a first time buyer, and the purchase price was below the lower limit, I owned my own property.
I have thought about removing my name from the deeds, or doing a tenancy in common with a ratio of 99% to her and 1% to me. Would this work, is it legal and would I incur other taxes such as stamp duty?
Owners – 2
Value - £150000
Postcode – TS56BB
Property is freehold
It is not subject to Islamic mortgage.
Kind regards
Dean Harker
[email protected]
Tel - 07763828179
No answers has been posted yet!