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 questions in regards to transferring a property and buying a new as main residence property.
I currently own a property valued between 360-400k, it has a consent to let, the rental income covers the mortgage.
I am a high income tax payer, so my yearly tax is around 3-4k.
I would like to transfer the property into a special purpose vehicle company, where I will be one of the director (possible with associate(s)) and had some questions: (I am aware that I would have to pay my current mortgage provider with exiting my mortgage too early.) The aim is to have a portfolio with multiple properties eventually.
1. Would the company be liable to pay the 3% stamp duty on the evaluation price?
2. Does the company need a deposit for the transfer(25%)? Can a house (on mortgage) from one of the associates be used as deposit/collateral?
3. Do I (the seller) need to pay capital gains tax following transfer?
On a separate note, which will impact on the decision to transfer.
Me and the better half would like to buy a property as our main residence.
At present, I am subject to 3% stamp duty as I already own the other property, however if the transfer of the first property is a success. Would I still be liable to the higher stamp duty, if I would buy a property as a main residence?
best wishes
1. Yes
2. No need for a deposit if you are gifting the property or transferring it by way of debt (money owed to you by the company for the property)
3. Ask an accountant
4. No, once you have transferred the property to your company you, as an individual, no longer own any second properties (unless you or your spouse own other property) so would be on the lower rate i.e. no SDLT if the purchase is under £500,000 under current rules.
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