Property Sales and Purchases
Lawson Taylor offer expert advice, guidance on both property sales and purchases. All transactions will be dealt with by a specialist conveyancing solicitor, who is dedicated to ensuring that you get the best deal possible. Though many online conveyancers offer similar services for a seemingly cheaper fee, they are unqualified and will add a number of hidden charges at the end of the transaction. All our fees are fixed, meaning that the price we quote you is the price you will pay.
Selling a Property
When selling a property, you will first deal with an estate agent who will market the property and negotiate on your behalf. Once a fee has been reached, we will then guide you throughout the rest of the process. We will deal with the buying party’s solicitors in the transaction of documents, such as the title deeds, before drawing up an initial draft contract that will outline the main terms of what has been agreed. A variety of forms and questionnaire will then be sent from the other party’s solicitors and we will assist you as much as possible in the completion of these. The buyer’s solicitors will then carry out a number of searches on the house, such as a local authority search, environmental search, water and drainage search, as well as possibly a coal mining search and a chancel repair search. We will ensure these all run as smoothly and quickly as possible. Once the buyer is satisfied, we will arrange the final exchange of contracts and set the fixed date for sale completion.
When a property is sold the mortgage lender must be paid off, this amount is referred to as a redemption figure. The sale price of the house must be enough to pay this redemption figure, we will ensure the terms involved in this process are satisfactory. Once we have received the money from the buyer’s solicitors, we will pay off the mortgage and pass over the deeds to the buyer. We then arrange for you to receive the balance of the proceeds of sale. This is usually the purchase price minus the amount required to redeem your mortgage, the estate agents fees and our costs. This will be paid to you either by cheque or through a bank transaction which we will have arranged with you at an earlier stage.
Buying a Property
You will have first chosen a property and negotiated a purchase price with either an estate agent or the seller. We will then guide you through the remainder of the process, firstly by requesting a draft contract and copies of the title deeds from the seller’s solicitors. We then send a number of forms and questionnaires to the seller’s solicitors and review them to ensure you are satisfied with aspects such as the utilities, fixtures, fittings and contents. Various enquiries and searches will then be arranged (see selling a house), before an exchange of contracts and the arrangements of a fixed date for the purchase completion. We then prepare a transfer deed and the set of questions to establish that there has been no alterations to the information previously supplied, known as the requisitions of title, which are sent to the other party’s solicitors. On day of completion, we arrange for the payment of purchase to be sent to the seller’s solicitors and obtain the documents proving the titles.
We then ensure that all appropriate stamping and registration with the HM Land Registry is completed and that the deeds are sent to your mortgage lender.
If you are both buying and selling a property, it is important you let us know this at the start so we can arrange for both transactions to be completed on the same date.
Business Sales and Purchases
These procedures are very similar to a residential purchase as described above. The only difference is when a business is bought or sold along with the property. This will then requite a separate transaction that will also incorporate the prices of the business, fixtures and fittings and goodwill (the custom previously built up by the business).
Whether buying or selling a property, contact Lawson Taylor today for quote.