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 would be very grateful if you could shed some light into my query below.
The following represents a summary of MY CURRENT circumstance, followed by some initial questions/queries:-
1. Savings
• No Bond accounts.
• Mother & I have a Joint account with an approx. £35,000.
2. Properties
• Property A – (1997-Present Date)
- Purchased 1997, and now it is mortgage free.
- Current market values approx. £780,000.
- JOINT TENANTS with my mother.
- Only my mother’s primary residence and she pays all the bills.
• Property B – (2004-Present Date)
- Purchased 2004, and now it is mortgage free.
- Current market values approx. £430,000.
- SOLE ownership in my name.
- Only my brother & his family’s primary residence, and they pay all bills.
3. Position
• I have No WILL setup.
• I have No Living Trust setup.
• I have Never given Gifts.
4. When I DIE, or SOON-AS, I would like
• Properties
- Property A, my mother to take my FULL share of ownership, as I have NO interest.
- Property B, My brother should take FULL share of ownership, as I have NO interest.
• Savings
- Joint accounts – My mother to become the FULL sole owner of savings.
Questions/Queries
1. Can I put my ENTIRE estate (2 Properties + Savings account) as GIFTS/TRANSFERS in one go, to avoid paying taxes, providing I survive after 7 years?
2, Would be beneficial/better option, to add my brother's name (via TR1) to property B, above?
3. Hence, as in, my case is it feasible to exceed £325,000 nil band or have I misunderstood?
4. Exactly which TAXES (IHT, CGT, GIFT, etc.) are the recipients or I, liable to pay?
5. At present, what are my viable and effective actions, and the order of executions?
I would appreciate immensely of any help/advice, specific to my scenario above, and any arrangements/measures to consider.
My email address: [email protected]
Looking forward to hearing from you.
Many thanks,
J Gee([email protected])
Hello,
Thank you for your question but this forum is geared towards providing information on residential conveyancing matters and doesn't deal with complex tax issues. You need to speak to a solicitor who specialises in estate planning.
Best regards
FCA