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 on the deeds to a house bought in 2008 along with my mum and dad.
I now want to remove my name from deeds and mortgage to buy my own home.
I've never contributed but, was on the deeds etc so my dad could get stamp duty exemptions.
If I buy a house I will get charged the new Stamp duty of 3/5% unless I'm. Removed asap.
How long does this take? Price involved by solicitor and any implications ?
I will be gifting my share or share of equity.
The house is valid at £180K and with a £125 mortgage remaining
Any help would be most appreciated
Once either a) the mortgage lender has agreed that you can be released from the mortgage or b) your parents have a mortgage offer from another lender which they can use to pay off the existing mortgage the process is quite straightforward and can be done in 2 - 3 weeks provided you and your parents act promptly. The solicitor fees might be around £300 plus disbursements.
PRovided this is the only property your parents own there will be no stamp duty. Otherwise it will be 3% of £41,666 as for stamp duty purposes your parents are "paying" one third of the mortgage debt, as this is the debt they will be taking over from you.