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 currently in a situation where I am selling the third house in a chain. I am also purchasing the 1st house in the chain. I want to fund the purchase of the first house (deposit) with the sale of my house (3rd in the chain). I have been advised that I can not do this as the money needs to be available for the first house before it works its way up the chain. I thought that it could all be done on the same day and I would be able to use the money from my sale to fund the deposit of the first house. I would ideally like as second opinion as to wether or not this is correct. I have spoken to my financial advisor and estate agents and they seem to think that this is perfectly plausible but my solicitor has obviously a different view on it.
I look forward to hearing from you.
The way you describe the chain doesn't exactly make sense but from what I can gather, you are person A, you are buying from person B who is in turn buying from you. Is that correct? Is so there is what's sometimes called a "circular chain". If this is the case your solicitor is right. In a normal chain, the buyer at the bottom (who is not selling) pays a deposit to his seller and it travels up the chain til it reaches the seller at the top who is not buying (and so does not need to pass a deposit on). in your case this won't work. You want to use the deposit from your sale on your purchase but where will your buyer get the deposit from? Let's call you A, your seller B and his seller (and your buyer) C. C gets his deposit from B, who gets his deposit from A (you).
In this situation all you can do is exchange and complete on the same day, thus negating the need for a deposit. Alternatively, you all agree to exchange on nil deposit, though as this decreases the risk of any one party suffering loss in the event of default, it inevitably increases the risk of default.
Hope this helps but do comment if would like further clarification.