As stressful and complicated as it can be, residential conveyancing is one of our many expertise and we delight ourselves in bringing you nothing but satisfaction. We are with you all the way and promise high standard work.
When the time comes for you to purchase, sell or extend the lease, you should not use any service that will take advantage of you and squeeze your pockets, Lawrence & Associates Solicitors LLP are here you to walk you through these duties hand in hand.
Property finances are very important and should be handled with close attention.
As stated above, there are few factors that could influence the time scale of your purchase.
Disbursements are costs related to your matter that are payable to third parties.
Property finances are very important and should be handled with close attention. In the same way, loans taken under an mortgaged or unmortgaged property should be arranged in a way that it does not bring down your property.
Our services will guide you step by step on how to successfully manage property transactions as quick as possible without weighing you down.
The process of buying or selling a property can sometimes be very complex especially if you have to sell in order to buy, or vice versa; either way, make use of our services and that burden will be lighter than anticipated.
If you are not sure where to start, talk to us so that we can assess your situation and advise accordingly. In case you have to first sell in order to buy, you’ll need a perfectly timed transaction so that you don’t find yourself caught between a sold and a pending property. We do our best to speed up every process so that you don’t find yourself stranded. We’ll inform you of any predictable delay and advise you on how to avoid them. In any case, we’ll keep you in the loop about every decision we take and every transaction we make.
Providing quality services does not necessarily mean that you’ll have to pay more money than the average general price, our costs are detailed, simple and straight forward, no hidden fees, no surprises. In fact, we prefer to give all our clients a quotation so that they may have an idea on what to expect. We try our best to charge reasonable fees for unpredictable duties such as compliance repairs or legal duties.
These are the property purchases we can help you with:
– Freehold Purchase
– Leasehold Purchase
– Freehold sale
– Leasehold sale
– Remortgage
– Transfer of Equity
When it’s time for you to become a property owner, you need to do it right the first time to avoid losing money or making a bad deal.
Lawrence & Associates Solicitors LLP are accustomed with property laws and will help you through the purchase process. We help with registration, transaction tax and land duty tax.
Disbursements are costs related to your matter that are payable to third parties, such as the Search fees, Land Registry fees and Electronic Money Transfer fees above. We prefer to make disbursement transactions on your behalf to avoid delays.
The land tax will largely depend on the value of the property being purchased. If you go to HMRC’s website you will be able to calculate the land tax that needs to be paid. Please note that land tax apply to purchase transactions greater than £125,000.00, and that if the property is your second purchase, you’ll have to pay 3% more. Here are the current rates:
– 0% up to £125,000
– 2% up to £250,000
– 5% up to £925,000
– 10% up to £1,500,000
– 12% from £1,500,000 and above
From the moment you decide to go ahead with the purchase, we’ll need at least 10 weeks to complete your purchase, given that there are a few factors that could influence the transaction, namely property inspection, compliance repairs and first time purchase. Please note that if you buy a
property that is still under construction, there may be more delays than anticipated as this kind of property usually go thru a number of inspections and checks before they are commissioned.
As stated above, there are few factors that could influence the time scale of your purchase. Given that all transactions are not the same, we cannot say for sure how long yours will take and tell you the precise stages that will be followed. However, we know more or less how most conveyancing happen:
1. The seller decides to put their property on the market and set a price tag.
2. If the buyer is not happy with the set price by the seller, the buyer can negotiate and propose a different price.
3. If the two parties come to an understanding and there is an agreement on the price, both buyer and seller will instruct their respective conveyancers.
4. A property inspection can be arranged by the buyer for compliance purposes.
5. The buyer can apply for a mortgage or a loan if necessary.
6. Once a mortgage secured, the buyer will get an estimate of purchase details as well as legal and conveyancer’s fees. An agreement can be drawn and signed by the buyer.
7. The buyer’s conveyancer contacts the seller’s conveyancer to agree on terms and conditions of the transaction.
8. The seller conveyancer to contact the seller and discuss the terms of the transaction proposed by the buyer.
9. If the seller is happy with the buyer’s offer, both parties can exchange and sign contracts for legal purposes and property inspection can happen on the arranged date.
10. Buyer’s Conveyancer prepares a draft transfer deed and completion information form and sends these to the seller’s Conveyancer for completion.
11. Seller’s solicitor approves the draft transfer deed and a final copy is made.
12. Buyer’s Conveyancer prepares a completion statement, carries out pre-completion searches and applies to the buyer’s mortgage lender for the mortgage loan.
13. On completion, the seller sends the title deeds and transfer deed to the buyer’s Conveyancer together with an undertaking to repay any existing mortgage.
14. From here, the buyer’s conveyancer will make the necessary payments to the HMRC while the seller on their side will have to ensure that all outstanding mortgages on the property are paid up to date. Proof of such payments will need to be received by the buyer’s conveyancer together with the title deeds.
15. The final step will be to register the property in the buyer’s name at The Land Registry.
Lawrence and Associates Solicitors are accustomed with property laws and will help you through the purchase process. We help with registration, transaction tax and land duty tax.
Disbursements are costs related to your matter that are payable to third parties, such as the Search fees, Land Registry fees and Electronic Money Transfer fees above. We prefer to make disbursement transactions on your behalf to avoid delays. Please not that unexpected charges are likely to occur depending on the type of lease and terms of the transaction. You will be notified of any extra fees throughout the process.
The land tax will largely depend on the value of the property being purchased. If you go to HMRC’s website you will be able to calculate the land tax that needs to be paid. Please note that land tax apply to purchase transactions greater than £125,000.00, and that if the property is your second purchase, you’ll have to pay 3% more. Here are the current rates :
– 0% up to £125,000
– 2% up to £250,000
– 5% up to £925,000
– 10% up to £1,500,000
– 12% from £1,500,000 and above
As stated above, there are few factors that could influence the time scale of your purchase. Given that all transactions are not the same, we cannot say for sure how long yours will take and tell you the precise stages that will be followed. However, we know more or less how most conveyancing happen:
1. The seller decides to put their property on the market and set a price tag.
2. Th the buyer is not happy with the set price by the seller, the buyer can negotiate and propose a different price.
3. If the two parties come to an undestanding and there is an agreement on the price, both buyer and seller will instruct their respective conveyancers
4. A property inspection can be arranged by the buyer for compliance purposes.
5. The buyer can apply for a mortgage or a loan if necessary.
6. Once a mortgage secured, the buyer will get an estimate of purchase details as well as legal and conveyancer’s fees. An agreement can be drawn and signed by the buyer.%
7. The buyer’s conveyancer contacts the seller’s conveyancer to agree on terms and conditions of the transaction.
8. The seller conveyancer to contact the seller and discuss the terms of the transaction proposed by the buyer.
9. If the seller is happy with the buyer’s offer, both parties can exchange and sign contracts for legal purposes and property inspection can happen on the arranged date.
10. Buyer’s Conveyancer prepares a draft transfer deed and completion information form and sends these to the seller’s Conveyancer for completion.
11. Seller’s solicitor approves the draft transfer deed and a final copy is made.
12. Buyer’s Conveyancer prepares a completion statement, carries out pre-completion searches and applies to the buyer’s mortgage lender for the mortgage loan.
13. On completion, the seller sends the title deeds and transfer deed to the buyer’s Conveyancer together with an undertaking to repay any existing mortgage.
14. From here, the buyer’s conveyancer will make the necessary payments to the HMRC while the seller on their side will have to ensure that all outstanding mortgages on the property are paid up to date. Proof of such payments will need to be received by the buyer’s conveyancer together with the title deeds.
15. The final step will be to register the property in the buyer’s name at the Land Registry.
Our fees cover all of the work required to complete the sale of your property. There may be unexpected fees depending on few factors but you will be notified once we study your documents and inspect the property.
Disbursements are costs related to your matter that are payable to third parties, such as the Search fees, Land Registry fees and Electronic Money Transfer fees above. We prefer to make disbursement transactions on your behalf to avoid delays. Please not that unexpected charges are likely to occur depending on the type of lease and terms of the transaction. You will be notified of any extra fees throughout the process.
The land tax will largely depend on the value of the property being sold. If you go to HMRC’s website you will be able to calculate the land tax that needs to be paid.
1. When you have decided to sell your property, contact us and we’ll give you the best conveyancing services around
2. We’ll send you our terms or business and transactions fee costs. These fees mays include legal fees but probably not the unexpected fees like compliance fees.
3. We’ll start by confirming your identity in regards to the property you are will to sell and send you some forms to complete.
4. We’ll need to obtain title deeds from deeds holder or official copies of the title register and any other documents required by The Land Registry and details of the amount outstanding on any existing mortgage.
5. Prepare the contract and supporting contract documentation and send to the buyer’s Conveyancer.
6. If the buyer conveyancer is happy with the contract and property inspection is completed, then both parties need to set up, agree on and sign terms of the contract that will guide the transaction.
7. Once the contract signed, the deed transaction can happen.
8. Seller’s Conveyancer checks the transfer deed and sends to the seller for signature in readiness for completion.
9. On completion, the seller must vacate the property at a time to be agreed and make arrangements to hand over the keys, usually through the estate agent. Buyer’s Conveyancer will send the proceeds of sale to the seller’s Conveyancer and the seller’s Conveyancer will arrange for the keys to be released to the buyer. The seller’s Conveyancer sends the title deeds and transfer deed to the buyer’s Conveyancer together with an undertaking to use the proceeds of sale to discharge any existing mortgage. The seller’s Conveyancer then pays the estate agent (if one was used), repays the amount owing to the existing mortgage lender (if applicable) and takes payment for their Conveyancing service costs.
Once all the payments have been made all the remaining money from the sale will be transferred to the seller, usually by bank transfer on the day of completion.
Our fees cover all of the work required to complete the sale of your property. There may be unexpected fees depending on few factors but you will be notified once we study your documents and inspect the property.
Disbursements are costs related to your matter that are payable to third parties, such as the Search fees, Land Registry fees and Electronic Money Transfer fees above. We prefer to make disbursement transactions on your behalf to avoid delays. Please not that unexpected charges are likely to occur depending on the type of lease and terms of the transaction. You will be notified of any extra fees throughout the process.
The land tax will largely depend on the value of the property being sold. If you go to HMRC’s website you will be able to calculate the land tax that needs to be paid.
Conveyancing Process for Sale of Property
1. When you have decided to sell your property, contact us and we’ll give you the best conveyancing services around
2. We’ll send you our terms or business and transactions fee costs. These fees mays include legal fees but probably not the unexpected fees like compliance fees.
3. We’ll start by confirming your identity in regards to the property you are will to sell and send you some forms to complete.
4. We’ll need to obtain title deeds from deeds holder or official copies of the title register and any other documents required by The Land Registry and details of the amount outstanding on any existing mortgage.
5. Prepare the contract and supporting contract documentation and send to the buyer’s Conveyancer.
6. If the buyer conveyancer is happy with the contract and property inspection is completed, then both parties need to set up, agree on and sign terms of the contract that will guide the transaction.
7. Once the contract signed, the deed transaction can happen.
8. Seller’s Conveyancer checks the transfer deed and sends to the seller for signature in readiness for completion.
9. On completion, the seller must vacate the property at a time to be agreed and make arrangements to hand over the keys, usually through the estate agent. Buyer’s Conveyancer will send the proceeds of sale to the seller’s Conveyancer and the seller’s Conveyancer will arrange for the keys to be released to the buyer. The seller’s Conveyancer sends the title deeds and transfer deed to the buyer’s Conveyancer together with an undertaking to use the proceeds of sale to discharge any existing mortgage. The seller’s Conveyancer then pays the estate agent (if one was used), repays the amount owing to the existing mortgage lender (if applicable) and takes payment for their Conveyancing service costs.
Once all the payments have been made all the remaining money from the sale will be transferred to the seller, usually by bank transfer on the day of completion.
Our fees cover all of the work required to complete the sale of your property. There may be unexpected fees depending on few factors but you will be notified once we study your documents and inspect the property.
Disbursements are costs related to your matter that are payable to third parties, such as the Search fees, Land Registry fees and Electronic Money Transfer fees above. We prefer to make disbursement transactions on your behalf to avoid delays. Please not that unexpected charges
are likely to occur depending on the type of lease and terms of the transaction. You will be notified of any extra fees throughout the process.