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.
My mother passed away last February and she left me in her will her share from 2 properties. a 25% of our family home, where my father currently lives and a 30% share of my parents summer home. I read that if I own a property or a share of a property even abroad and even if I dont use it, Im no longer qualified to be a first time buyer. This means that I can no longer use the HTB government assistance and I will be liable on paying SDLT or LTT (Wales) which is 3% of the property I am buying.
However, I read in forums that if my share is less than 50% then I wont have to pay SDLT/LTT. Does that apply even if I have shares in 2 properties or do I need to have a share less than 50% from just one property to not pay SDLT/LTT? Can you advise me in how it works exactly?
Regards
Dimitris
It depends on the value of the property(ies). If you share is worth less than £40,000 then you would be treated as a First Time Buyer for SDLT. If your share is over £40,000 in value then you are no longer a First Time Buyer. Please refer to the HMRC guidance on the higher rate (we can send you a copy if you get in touch with us directly - ask for Merlin).
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