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 father and I are purchasing a property as tenants in common. I will be contributing £570,00 and my father will provide £450,000. My father has savings which he wants to use to refurbish and extend the property. He has terminal cancer. Can you please advise on what share of percentage to hold the tenants in common for us?
Many thanks
Brenda Kelly
Tenants in common means that you both together own the whole house but each obe of you has a share as a percentage of the property. On the basis of the share of money each one puts into the property, you will own about 56% and your father 44%.
However, bearong in mind thst your father is terminally ill, and unless your father has other plabs fir his share of the property after his death, you may consider whether you should buy the property as joint tenants.
Joint tenants own the property jointly as a unity and so if one dies the other still owns the whole of the property.
In contrast, if one of the tenants in common dies, his share becomes subject to inheritance and it is distributed accordong yo inheritance rules. It will also be subject to inheritance tax rules and tsx may become payble.
Thank you for your response.
If we were joint tenants then I would not ha e to pay inheritance tax?
Why would you suggest I opt for joint tenants as I would have to pay IHT?