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 have a few quotes for a transfer of equity from local solicitors and they vary considerably but they all have different elements listed.
The most comprehensive quote includes:
Declaration of insolvency, Bankruptcy search, and insolvency indemnity policy, land registry search,land registry copies and a land registry fees. Do I need all the above doing and if so the quotes I have received missing some of those elements off would be incomplete and those fees would still be added later, do I have that correct?
All of the things you list would I think be required provided you are paying less than market value for the outgoing owner's share (or as may be the case, the incoming owner is paying less than market value for the share he is acquiring). The only exception might be the insolvency indemnity insurance. This is only required if a new mortgage is being taken out as part of the process. When there is a transfer for less than market value and the person who has given up all or part of his interest subsequently goes bankrupt the trustee in bankruptcy can overturn the transfer if he can show that the intention was to put the bankrupt's property beyond the reach of his creditors. The indemnity insurance is to protect the lender if this happens but it will not protect the person who acquired the share since that person would have to be a party to the fraud for the trustee to be successful and so the insurance would be void as far as the fraudster is concerned