PROFESSIONAL CONVEYANCING SERVICES IN SOUTH LONDON
Conveyancing is the process of transferring a property from one legal owner to another. Our conveyancing professionals will make sure that each stage is completed competently and swiftly. We make sure that you are updated at every part of the process, contact us.
SELLING YOUR HOME?
Once you have found a buyer and agreed on the sale, we will send a legal information pack to your buyer’s solicitor, which contains;
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A property information form: We will send you a form to complete which includes things like; disputes with neighbours, guarantees about any work you have done, boundaries, planning and building consents. It’s really important that you give us as much detail as possible, so please inform us if there is anything you are not sure about.
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A fixtures, fittings and contents form: This form is to provide your buyers with which items at the property you intend to leave behind and which to take with you e.g. cupboards, shelving, kitchen appliances. It should be the same information that you provided the estate agents.
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A copy of your title: It may be that you have the deeds if you own your property outright. If not, your mortgage lender may hold them for you. Don’t worry if you don’t have a copy. We’ll contact your mortgage lender to obtain them.
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The contract of sale: This will state the address and price of the property and the names and addresses of the buyer and seller.
PURCHASE AND SALE
contract management
We receive the buyer’s deposit on your behalf. If you have a mortgage on your property, we will ask your mortgage lender for a settlement figure. We will need to pay this amount to your mortgage lender once your property is sold. We will then send your signed contract to your buyer’s solicitor, who sends the buyer’s signed contract to us. You will now be committed to the sale, and can’t change your mind without paying a financial penalty. The completion date that we would have arranged previously cannot be changed.
We will then receive a Transfer Deed which you will need to sign and will be sent to the buyer to register their names on the deeds.
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Completion:
On the completion date you have agreed, your buyer’s solicitor will send us the balance of the payment for your property.
BUYING A PROPERTY?
You will need to inform your Estate agent, and Mortgage Lender that we are your Solicitors. Your seller’s solicitor will send us the Legal information Pack with all its contents as mentioned above.
We will then carry out the following searches:
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Local authority search
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Drainage search
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Bankruptcy search
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Environmental search
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Chancel check search
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If you will need a mortgage to buy your property, you should do that as soon as possible. Make sure the offer is acceptable to you and that you can meet the conditions of the terms.
We will supply you with the contract to sign when the searches are completed. Before you sign the contract, we will invite you to our offices and go through the contract, so you understand everything. Once we exchange the contracts, we will need to provide the seller’s solicitors with a deposit, which is normally 10% of the purchase price. This must be sent as soon as possible before the exchange to prevent any delays.
Exchange of contracts:
We will then carry out a Land Registry Search to find out if there are any mortgages or financial Orders registered against the property. If there are, we will ensure that these are removed by the seller’s Solicitor on completion. This prevents the seller from registering any further financial charges between exchange and completion and gives your lender priority, for their security.
Completion:
Depending on the stamp duty land tax (SDLT) that needs to be paid to HMRC, will need the full amount of fees, costs and disbursements before your completion date.
On the completion date you have agreed, we will hand over the balance of the payment for your property to your seller’s solicitor.
