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.
Hi, I have a property (mortgaged in my name) that I am forced to rent as we are moving homes. I lived in the flat with my wife and 2 children. Now, we have moved to another place and currently renting.
Since I fall under high income tax bracket, I would like to show the rental income against my wife's name to avoid paying higher bracket tax on rental income. My wife is currently not working. However, since the house is only under my name (my name in deeds and mortgage as well in my name), I am exploring the best option to transfer the property to wife's name (either as a gift or may be using a limited company). I think gifting the property sounds ideal, but since the property has mortgage I am not sure although I am happy to be the guarantor for paying the mortgage.
My questions are:
1) If doing above is feasible (gifting mortgage property by being a a guarantor for the mortgage)?
2) And what criteria lenders apply to decide such gifting and being a guarantor? Will it be a remortgage procedure for the lender?
3) If this is possible, will I be exempted from SDLT if I purchase a new property having gifted the old one to wife?
4) If this is not possible, what are the other options to show rental in wife's name or other means to save tax on the renal income?
Thanks
No answers has been posted yet!