Residential Conveyancing
We offer many years of experience with residential conveyancing and have represented both buyers and sellers of property.
Buying a property is probably the biggest ever investment of most people and can be quite stressful. We are here to ease the stress and ensure the entire process runs smoothly and efficiently whether you are purchasing a first property or selling your family home. We are happy to take on any size of work, from a one-off service to ongoing assistance with your residential property matters. We can draft or review mortgage deeds, guarantee deeds, legal charges and other securities documentation. Our charges are reasonable, considering the amount of work we do on your behalf. Please note that the fixed fee quoted depends on whether the matter is being dealt with by a partner or another colleague. In the case of the former, the fees will be higher because the applicable hourly rates will necessary be higher. The fees quoted also assume that the matter is not, and does not become, drawn out or complicated, otherwise, additional fees may be payable; for example, (but without limitation), defective and/ or unregistered titles, expedited transactions such as auctions, or where there is a contract race, or it involves a lease extension, or missing or absentee landlord, or the sale or purchase of a share of the freehold or requires freeholder consent; or the property is newly built or in the course of construction, or it lacks access or other rights required for its ordinary use and enjoyment, etc.
We can deal with residential conveyancing of the following types:
- Right to Buys
- Re-mortgaging
- Shared ownerships
- Transfers of property ownership
- Buying or selling at auction or by private sale
- Sale or purchase of vacant land, units and purchases ‘off the plan’
- Buy-to-let investments
We
- Help you to fully understand the issues involved in purchasing or selling property
- Provide you with information about the costs involved (including any stamp duty land tax)
- Negotiate the purchase and sales contract special terms and conditions
- Provide you with advice for meeting lender requirements
- Arrange searches and land enquiries
Some key stages of the transaction are as follows:
- Taking your instructions and giving you initial advice (including on joint ownership, if applicable)
- Checking that finances are in place to fund your purchase, and liaising with lender’s solicitors, if needed
- Receiving and reviewing/ revising contract documents, making any necessary enquiries of seller’s solicitors and sending the solicitors the draft Transfer deed for approval.
- Carrying out searches and obtaining further planning documentation if required.
- Giving you advice on all documents and information received.
- Going through the conditions of any mortgage offer received.
- Obtaining pre-completion searches, plus your signature of final contract.
- Agreeing completion date (i.e. the date from which you own the property)
- Exchanging contracts and notifying you that this has happened.
- Arranging for the receipt from the lender and you of all monies needed.
- Completing the purchase and dealing with payment of Stamp Duty Land Tax
- Dealing with application for registration at Land Registry
We are often asked how long a transaction will take to complete. Each transaction is different but on average it takes around 2 months. The time taken is often determined by how quickly any mortgage offer is received, whether there is a ‘chain’ and, if so, the number of parties in it, how quickly each party is prepared to move as timescales are often determined by the slowest party in the transaction chain etc. Rest assured that we will always do our best to progress your transaction as quickly as possible.
Contact Us at Hilcrest Solicitors now to find out more or for help with your requirements.