HOME CONVEYANCING LAWYER

Our home conveyancing lawyer network operates throughout the UK and we are able to give a competitive quote for property transfer anywhere in England, Scotland, Wales or Northern Ireland. Our solicitors are all based outside of the major metropolitan centres and as such are able to offer an economic conveyancing quote due to substantially reduced overheads. Where possible we deal with matters electronically and there is no need for any of our clients to ever attend our offices. Clients who do not have access to a computer can still be dealt with efficiently by use of post and telephones and will find our service still proceeds at a fast pace due to use of modern technology again without the necessity to attend any law office. For a free no obligation quotation from a home conveyancing lawyer just use the helpline or complete the contact form.

Can I change my mind at any point in the process?

You are allowed to back out from the transaction at any time up to the exchange of contracts. Before this point, you may, for any reason, decide to pull out without incurring any penalties. Once your home conveyancing lawyer has exchanged contracts, you are required by law to complete the transaction failing which the other party has the right to take you to court for breach of contract. This could result in you being forced to complete the transaction in accordance with the contract or paying damages to the other party.

Why do I need to make a deposit?

The deposit is usually 10% of the total purchase price and is paid when contracts are exchanged. The deposit is an act of faith that the buyer is going to fulfil his end of the bargain. In the event that the buyer backs out of the sale after the exchange of contracts, then the seller has the right to keep the deposit and also has the right to take legal action for breach of contract. It is not unusual for contracts to be exchanged with a nil deposit if the circumstances warrant that course of action.

When does the buyer have to hand over his payment?

The first part of the payment is the deposit, normally 10% of the purchase price, which is paid when the contracts are exchanged. The deposit may sometimes be deemed unnecessary by the seller and contracts can be exchanged with a nil deposit. In either case, both parties decide upon a completion date at which time the balance due is paid to the seller. If the payment to complete the transaction is delayed, interest is incurred, usually at 4% above bank base rate. Payment to the seller, where appropriate, may be made by cheque or by electronic credit transfer directly from one bank account to another bank account. Often there is no payment made directly to the seller as the funds are used to finance the subsequent purchase of another property and will be retained by the solicitor to facilitate completion in due course.

What is a Title Deed?

This document attests to the ownership of a piece of land or property. You can also find other information related to the property in a title deed including mortgages, restrictive covenants and rights of way. Traditionally, title deeds are recorded on paper however modern title deeds are stored electronically by the Land Registry and are printed out as and when the need arises.