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.
As first time buyers we have just made an offer on an Ex Council property in Dorset that has an s157 Local Living Restriction on it. We have lived in the county for 2.5yrs and plan to make it our principle home so this alone should not be a problem - fixed with a simple application to Magna Housing Association.
We have, however, found that the Mortgage In Principle for the house is no longer valid with Natwest as they do not lend to buy houses with this restriction. We have also now been told that the amount we will be allowed to borrow may be less as banks see it as a potential issue with resale being restricted to certain people.
The current seller bought the property privately in 2010. The vendor was aware of it but had not informed the agent directly. The restriction is not listed on the Land Registry documents, and was not listed in the particulars for the sale, or indeed divulged when we specifically asked if there were any restrictions on the property. Having done some research it seems all ex Council Houses in Dorset bar 3 areas are covered by this restriction so surely the agent should have known?
We have high LTV deposit with offer accepted at £194000 and a cash deposit of £100K. We have one income of £22065 as my partner is just setting up his own business. Natwest offered £95k at 5yr fixed rate of 2.19%, meaning mortgage of £360 pcm for first five years, opposed to the £625 we pay currently in rent. Sounded amazing! We need to have £94k or we cannot afford it.
We want this house to be our family home, not to resell. Any help or further information on where this leaves us would be greatly appreciated as we are devastated that we may not be able to buy this house.
I'm sorry to hear of your troubles. There is no duty on the seller or estate agent to disclose this type of information, it is for you as the buyer to discover it. They are only liable if they delibarately withhold information or lie when asked. As to getting a mortgage, is there a locally based building society you could try? Or perhaps someone like Penrith Building Society (they have similar restrictions in many parts of Cumbria so they should be familiar with the situation though I've no idea about their lending rates or criteria). Failing that just keep trying lenders. People do mortgage these properties (I've acted for them) so you should find someone