Sale & Purchase

  • What are Conveyancing Disbursements

    What are Conveyancing Disbursements

    Disbursements are cost which are payable as part of a conveyancing transaction via your conveyancer to third parties. These are costs which do not form part of a conveyancer's fees. The following are some of the more common disbursements that you mig...

  • Completing the Conveyancing Transaction

    Completing the Conveyancing Transaction

    Completion Day Order of Events The buyer's conveyancer should ensure that he has both the mortgage funds (if a mortgage is required) and funds from his client no later than the working day before completion. This is because the funds will most likely...

  • Land Registry Pre-completion Searches

    Land Registry Pre-completion Searches

    The purpose of the pre-completion searches is to prevent entries being registered against the property (or in the case of the bankruptcy search, the purchaser) from exchange of contracts up to the completion of the registration process, so that the b...

  • Exchange of Contracts

    Exchange of Contracts

    What is Exchange of Contracts? This is when the contract becomes legally binding on both buyer and seller (note that merely signing it does not bind either party). It is so called because both buyer and seller sign identical copies of the contract an...

  • Mortgage Offers

    Mortgage Offers

    When acting for a purchaser who is buying with a mortgage the conveyancer will, on the vast majority of occasions, also act for the lender. It should be noted that no commercial (as opposed to private) lender will allow the purchaser to carry out his...

  • Sellers Property Information Form (SPIF)

    Sellers Property Information Form (SPIF)

    The Seller's Property Information Form TA6, often shortened to SPIF is part of the Law Society's National Conveyancing Protocol and should be completed by the seller(s). This chapter will take you through the SPIF produced by the Law Society and dist...

  • Application for Registration

    Application for Registration

    Making the Application for Registration (AP1) What is Registration? Registration is the process by which a land transaction (such as a purchase, remortgage, transfer of equity, deed of gift etc.) is notified to H M Land Registry and by which the regi...

  • Deducing Title to Unregistered Land

    Deducing Title to Unregistered Land

    Under the Land Registration Act 2002 (which repealed the Land Registration Act 1925) it is compulsory for all land in England and Wales to be registered with the Land Registry. The trigger for registration is a change of ownership, such as a sale, gi...

  • Requisitions on Title

    Requisitions on Title

    What are Requisitions on Title? These are a set of questions, usually in the Law Society's standard Completion Information and Requisitions on Title form designed to ensure that certain key information is obtained prior to completion. They are r...

  • Sellers Leasehold Information Form (SLIF)

    Sellers Leasehold Information Form (SLIF)

    The leasehold information form (TA7) is one of the standard Law Society protocol forms used in transactions where the property is leasehold. It is completed by the seller in addition to the Property Information Form and asks a serious of questions sp...

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