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 using a mortgage from abroad to purchase a property in the UK. I have exchanged contracts already and when my bank abroad tried to transfer funds to my solicitors, they refused to give me their bank details. They said that they need to see the money in a UK bank account in my name to make sure that they follow the money laundering regulations procedure. However, the bank refuses to transfer the money to a personal account as it is a mortgage. They insist on transferring it straight to my conveyancers. I am approaching completion date and the funds are still abroad. My conveyancer refuses to accept any other document but a bank statement from a UK account and the bank says it is against their rules to transfer a mortgage money to a personal account. How can I deal with this so that I can complete on time?
In England & Wales (I can't comment on jurisdictions not subject to English law) a lender will want to register a legal charge against the property it is lending the money against so that in the event of default by the borrower it can take possession of the property and sell it. Prior to releasing funds to the borrower's solicitor it will require a "certificate of title" from the solicitor confirming that the legal title is ok and that the solicitor will ensure the legal charge is registered. The lender will only send the funds when asked to do so by the solicitor, not the borrower, and will only send them to the solicitor.
In view of this I take it that the lender is not lending the money against the property you are buying but against another property, in which case I would imagine they would have to send the funds to the solicitor who acts for you in respect of the remortgage of whatever the property the money is being borrowed against. If that is the case then your English solicitor may accept the funds from that solicitor depending on what country they are in. If they are in an EU country or in the USA this would be better I think.
In any event, could the bank transfer the money to a solicitor in the same country as the bank and if so could it then be transferred to you in the UK? Or to your solicitors in England (if they will accept this)?