UK RESIDENTIAL CONVEYANCING SPECIALIST

All of our lawyers in England and Wales are accredited by the Law Society as domestic residential conveyancing specialist solicitors and will provide detailed and accurate conveyancing quotes on request. Our team are able to pursue or negotiate sales or purchases of land and property throughout the UK.

Our network of solicitors are based out of London and can keep overheads low allowing them to give extremely competitive quotes whilst still ensuring that your legal work is carried out by experienced solicitors.

We will always try to give you comprehensive and fully inclusive quotes for purchases and sales. If you would like to speak to a specialist with no further obligation just call the quotation line or complete and send the contact form and a solicitor will phone to give you free advice.

These frequently asked questions and answers relate principally to England and Wales. If you live in Scotland or Northern Ireland and you want answers to these questions just use the form and a domestic residential conveyancing specialist solicitors will speak to you over the telephone.

What if I change my mind?

You can pull out anytime up to exchange of contracts but after exchange of contracts has taken place you are legally bound to complete the purchase. Failure to complete the purchase means that the other party could take court action to force you to complete the purchase or they could be awarded damages for your failure to abide by the contract. You can pull out any time before exchange of contracts and people often do for financial reasons or because they have changed their minds or because the property survey reveals problems.

What is the deposit for?

The deposit eventually becomes part of the money paid to buy the property and is usually paid at the time contracts are exchanged. The standard rate is 10% of the purchase price but purchasers often negotiate a smaller percentage. If the buyer withdraws from the sale after exchange of contracts or fails to complete within a reasonable time period the seller is entitled to keep the deposit. Many sellers’ exchange contracts with a nil deposit to ensure they have a binding contract which can be enforced by domestic residential conveyancing specialist solicitors.

When does the buyer have to pay his money?

The buyer must normally pay 10% to the seller as a deposit at the time contracts are exchanged however this requirement may be waived by the seller. The balance money due under the contract is payable at the time of completion and any delay in payment at the date set for completion results in the payment of interest until such time a the balance is paid. The rate of interest is usually set at 4% over bank base rate to deter late payment.

What are Title Deeds

These are the documents that show who owns a particular piece of land and they also contain information on financial charges that are registered against the land including mortgages and any restrictive covenants and rights of way that may affect the land. Old fashioned paper deeds are becoming something of a rarity as all transactions are now recorded electronically at the land registry which will provide a printout of the documents if requested.