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 bought my house with my dad named on the title deeds as part of a step up mortgage. I am now re mortaging and taking my dad of and putting my husband on. Should I be named as vendor and then purchaser on the land transaction form?and as transferor and transferee on the TR1 form. I am concerned this could lead to tax liabilities for me??
You have to name yourself as a vendor (as you are saying your
Name is on the title) and purchaser (as you wish to continue your ownership and remain a joint tenant along with your husband)
You should of course consider capital gains
Implications and iht if this may be something you
Are worried about
Should i not merely stay on the transfer take place between my dad and my husband?
The transaction you are talking about is a "2 to 2 transfer of equity". On the transfer deed the Transferor will be you and your dad and the Transferee will be you and your husband. Not sure if there will be any capital gains tax implications for your dad but there may be stamp duty implications for your husband. Duty will be calculated on the total consideration, which is to say half of the existing mortgage debt plus any money your husband is paying your father (if any) for his share. If that comes to between £40,000 and £125,000 then a stamp duty land tax return will have to be submitted but there won't be any duty payable unless your husband owns another property. If it comes to more than £125,000 then some duty will be payable.