Pre-Exchange

  • 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...

  • 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...

  • Official Copy Entries

    Official Copy Entries

    In the case of registered land, the land registry's registers contain all the details of the title to a property. An Official Copy of the register is therefore the equivalent of a full set of title deeds (save that a register entry may sometimes refe...

  • Example Pre-Contract Enquiries

    Example Pre-Contract Enquiries

    The purpose of this chapter is to offer some useful wording for pre-contract enquiries which might need to be raised in respect of some of the more common issues not covered by the Sellers Property Information Form, Sellers Leasehold Information Form...

  • Contracts for Conveyancing

    Contracts for Conveyancing

    The contract, (sometimes referred to as an agreement), is the legal contract between the buyer and seller for the purchase/sale of the property. It contains the terms of the contract, such as the price, the completion date, the amount of deposit paid...

  • Standard Conditions of Sale (5th Edition) Guide

    Standard Conditions of Sale (5th Edition) Guide

    The standard conditions of sale are a set of Law Society produced contract conditions to which the vast majority or residential sale contracts are subject. A solicitor is not obliged to incorporate the standard conditions of sale into any contract he...

  • Dealing with Rentcharges and Estate Rentcharges

    Dealing with Rentcharges and Estate Rentcharges

    What is a rentcharge? A rentcharge, as defined by s1 Rentcharges Act 1977, is “any annual or other periodic sum charged on or issuing out of land, except— (a)rent reserved by a lease or tenancy, or (b)any sum payable by way of interest...

  • Building Safety Act 2022

    Building Safety Act 2022

    Building Safety Act 2022 The Building Safety Act 2022 introduced a number of new measures in relation to building safety, affecting buildings of 11m (or 5 storeys) and more – now known as “relevant buildings”. The UK Finance Mortga...

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