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 flat that we were selling to the tenants with the expectation that they were getting a mortgage. Now we learn that they cannot get one - bad credit score and too old for a lengthy mortgage. They have a reasonable income and we trust them. They really do want to buy the flat as they have lived there for 8 years and regard it as home. We think that we can sell it to them over a six year period of repayment. What particular provisions do we have to make ?
You should probably secure a charge on the property. For example say you agree a sale price of £100,000 and they can pay you £20,000 now. You provide them with a mortgage for the remaining £80,000. You agree an interest rate (if you want to charge interest) and a repayment schedule and you put all the agreed terms in a deed which is then registered against the property title as a legal charge (a mortgage). You transfer the legal title now rather than in six years. When the mortgage is paid off you can remove it by signing a form DS1 and the buyers will then own the property outright.
The process is straightforward but the drafting of the actual legal charge can be complicated and you should instruct a solicitor to draft it. Your buyer should instruct a solicitor to both check the title and searches etc and to approve the legal charge.
Even if you don't think you need to worry about your buyers defaulting, a lot can happen in six years and you need to ensure that the debt owed to you has priority over any other claims on the equity in the property. You could fall out, they could die and relatives might challenge your claim or they could get into debt and othert creditors could look to claim priority.