Conveyancing refers to all legal aspects surrounding property. As property is so complex, it is important to get every element of your intended transaction correct.
If done incorrectly or insufficiently, you run the risk of a huge, unexpected financial burden in the near or distant future. It can also be an extremely emotional and overwhelming time.
Our expertise is here to guide you every step of the way.
We will liaise with your buyers/sellers and their solicitors on your behalf to give them the information they or we need to finalise the sale. This includes search results, enquiries, and mortgage offers. Plus, we assist with and complete the relevant paperwork, forms, titles, and drafts, and contact relevant authorities such as the Land Registry and HMRC.
We can check the title to your property, report to you on your new mortgage offer, and arrange for you to sign the mortgage deed. We can also put in place any searches required by your new lender (or indemnity policy should this be an option), obtain the funds, and redeem any existing charge. Plus, make the application to the Land Registry.
If you own a leasehold property, there may come a time when you need to consider applying to the Freeholder for a lease extension. This will impact on the value of the property, your ability to mortgage and sell the property. There will be costs involved including paying a premium for the lease to be extended, the Freeholder’s legal costs, and survey costs.
A Transfer of Equity is where a co-owner transfers their share in a property to another co-owner. It can be a complex transaction that requires legal expertise. We can assist you with all aspects of your transfer, including providing you with advice as to whether any stamp duty is payable by the incoming owner.
Shared ownership allows people to buy a share of a property from a Housing Association. The amount of your share will normally be between 25% and 75%. We will be able to advise you on the terms of the contract and lease. Plus, check your mortgage offer and stamp duty requirements comply with the shared ownership scheme.
This scheme is to assist first-time buyers by providing a loan from the government that you put towards the cost of buying a newly built home in England. Our expertise in relation to these schemes means that we will be able to guide you through the transaction, making sure you fully understand what you are signing up to.