What is Conveyancing?
Conveyancing deals with the purchase and sale of your home and the raising of money by way of a mortgage from a Bank, Building Society or other lender.
A conveyancer can also help you to navigate the remortgage process, which is when a person changes their mortgage without moving to either raise extra money or obtain a better deal.
What is Exchange of Contracts?
When all parties involved in the sale and purchase of the property are ready, and you are happy with everything that we have explained to you, then contracts can be exchanged and the buyer pays a deposit.
Up to this point nothing has been legally binding but after exchange of contracts all parties are bound to the transaction and must complete.
What is Completion?
When contracts are exchanged a completion date is agreed. On completion the Buyer becomes the legal owner of the property and can move in once the Seller receives the purchase price.
What are Searches?
A Local Search is a series of questions answered from the local authority’s records which deal with important topics such as the adoption of roads and planning permissions.
The value and saleability of any property can be seriously affected by such matters and you need expert advice to guide you through the contents of the Local Search.
A Water and Drainage Search is a report from the utility company to show the position of the mains services and confirm the property is connected.
Other searches include the Land Registry Search, an Environmental Report and for Aircraft Noise.
What is better – Freehold or Leasehold?
This depends on many factors and on the nature of the property. We can provide advice on the best type of tenure and answer your questions about the differences in freehold and leasehold in relation to your circumstances and the property you are buying.
If a property has the wrong tenure it can have serious consequences, making the property difficult to sell and difficult to take out a mortgage on.
How long does the Conveyancing process take?
The time taken for the sale and purchase of a property to go through will depend very much on your individual circumstances, the properties and parties involved and external agencies who need to provide information for completion to take place.
The process will usually take between 6 and 12 weeks, but if you need to achieve a certain date then speak to us and we will let you know if it is possible.
Why should I choose JWK Solicitors for Conveyancing Services?
Because buying or selling a home is always an anxious time and, as such, our experienced and trusted advisers are trained to guide you through this process.
By combining our legal know-how with modern technology, our team are able to help you complete the process of buying or selling a house as quickly and cost-effectively as possible.
- Take care of the legal issues
- Seek moving dates to suit you
- Use our local knowledge to your advantage
In addition we also provide our clients with:
- An estimate of our costs before we start work
- The latest computer systems which enable us to monitor your transactions and speed up the conveyancing process
- Direct computer links for searches to be undertaken
- A dedicated terminal to our Bankers for quick movement of money
What will I have to pay?
As soon as you contact us, we will provide you with full details of the likely costs of your proposed transaction including all payments such as search fees, Land Registry fees and Stamp Duty Land Tax.
JWK can help you. Get in touch today
Jan Crookes joined Whiteside and Knowles in 1998 after working for several years in other local Solicitors firms where she gained a variety of legal experience. She is... Read more
Elaine works within the Commercial Department at JWK Solicitors and is a Graduate of the Institute of Legal Executives. Elaine gained her G.Inst.L.Ex qualification in 2011... Read more
Maria has worked at JWK Solicitors, and previously Jobling & Knape, since 1981 when she was first employed as a Legal Secretary. In 1993 Maria qualified as a Chartered Legal... Read more
Dan Brown, experienced Conveyancing Paralegal and Operations Manager, heads up our Southport office. Born in Liverpool, Dan attended both primary and high schools in Formby.... Read more
Sean grew up in Southport, attending Merchant Taylors School for Boys and then studying for a BSc. in Biology at the Newcastle University. His first job was in conservation at... Read more
Andrew Vincent is a Residential Conveyancing Paralegal, based in JWK’s Southport office. Andy has spent most of his life in Southport, attending Christ the King High School... Read more
'Giveaway budget' but no rise in inheritance tax allowances