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 in the final stages of completing an off-plan purchase of a new build as a first time buyer. My mortgage offer had been approved and the completion date set for the end of December. My solicitors had been in contact with the bank's solicitors for over a month for the final paperwork but didn't indicate any delay until I emailed them a few days ago. At the time, they were still waiting to hear back from the bank's solicitors, despite having taken payment for stamp duty, legal fees etc. Leaving the solicitors' incompetence aside, what are my options if I miss this completion date? Obviously I will chase down the bank and solicitors as much as feasible. However, I also currently have extra funds available to complete the purchase - can I use these until the mortgage is finalised? I still need the mortgage as the extra funds have been earmarked for other uses and I can only tap these funds for a very short while.
Thanks for the question. You really need to take advice from your solicitors, however in terms of purchasing with cash you could do this but you could not then take out the mortgage that has been arranged. The mortgage you currently have approved will be for a purchase whereas once you have bought the property the transaction will instead be a remortgage. This may seem like an unimportant distinction but it is likely that you would need to apply for a new mortgage and the terms may not be the same. Aside from the delay in arranging a new mortgage and registering the property in your name (which may take a while but would have to be done before the remortgage could complete) the lender my not be prepared to lend at all until you have owned the property for 6 months. Speak to your solicitor and to your mortgage advisor before making a decision.
In terms of where you stand with the purchase, this depends on whether contracts have been exchanged and if so, whether the completion date was fixed in the contract or if not whether notice has been served so as to create a fixed completion date. If yes and if the completion date arrives and the issues with the mortgage are not resolved the builders' solicitors will serve a notice to complete. This will give you 10 working days (unless this period has been varied in the contract in which case it may be reduced to 5) in which to complete. If completion does not take place by the expiry of the notice the builders have the option to take your deposit as compensation and re-sell the property. They may or may not exercise the option. Either way, from the day that notice to complete is served to the day you actually complete you will be liable for interest under the contract at the contract rate. Your solicitor can tell you how much this would be. You will also be liable for any losses suffered by the builder as a result of the delayed completion/failure to complete at all though there may not be any.