Buying or selling a property is usually the biggest financial transaction anyone will ever be involved in. Guidance from exceptionally skilled and dedicated property solicitors makes a marked difference. Not only will it safeguard your interests, it will also provide you with that all-important foresight that helps to avoid delays and any technical issues that typically arise.
When you are buying or selling a property, personalised care and attention from residential conveyancing solicitors who are genuinely dedicated to the success and swift conclusion of your transaction, and who possess in-depth knowledge, is precisely what you will receive in working with Freemans Solicitors.
With expertise spanning the entire spectrum of property related matters courtesy of a unified teamwork approach, you can feel fully reassured that whether you are moving house; purchasing an investment property or holiday home; remortgaging; dealing with a leasehold issue or have found yourself in dispute over a property matter, you will have access to the very best levels of attention and technical knowledge with Freemans Solicitors.
Our Property Conveyancing Services
Our specialist conveyancing lawyers offer an extensive range of property services including:
Buying or Selling Your Home
Whether you are moving home or making a standalone sale or purchase, our conveyancing solicitors will take exceptional care over every aspect. Our experience, coupled with our established relationships with estate agents, local authorities, professional advisers and developers allow us to advance your conveyancing in the most efficient timespan possible.
New Build and Shared Ownership Properties
We offer extensive experience in handling new build and shared ownership conveyancing and expert knowledge in the specific issues that arise during Help to Buy transactions. Not only will our property conveyancing specialists handle your conveyancing in a highly efficient manner, they will also provide you with personal guidance so that you have complete clarity and are in the best position possible to make vital decisions before you proceed.
Transfers of Equity and Equity Release
Most changes in the legal ownership of a property will involve a transfer of equity. Equity release allows a homeowner to unlock capital from their property without selling it, providing certain conditions are met. At Freemans Solicitors we offer extensive experience and expertise in planning and implementing equity transfers and releases, whether or not a mortgage is involved, vital when navigating the complex legal processes that are involved in such transactions.
Re-Mortgages and Property Financing
You may be looking to secure a more favourable mortgage deal; perhaps you want to borrow additional funds against the equity in your current property, or maybe you are exploring your options for financing a property purchase. Getting the right legal guidance is vital and it is essential that the property lawyers you choose to advise you are experienced in the appropriate specialist area. This is something you can rely on with Freemans Solicitors.
Leasehold and General Property Disputes
With many years’ experience in managing leasehold property transactions, our residential property lawyers are able to offer the in-depth technical expertise required to ensure your matter is handled with the utmost attention to detail. We can assist with everything from purchasing or extending a lease through to leasehold enfranchisement, landlord and tenant advice, tenancy agreements and general property disputes.
Property Conveyancing Frequently Asked Questions
What checks and searches do conveyancing solicitors carry out?
Residential conveyancing solicitors carry out a vital role in your property sale or purchase. The checks ,searches and investigations they undertake on your behalf vary according to the type of property involved, the local area and any specific requirements. Searches that will always be carried out as standard include local authority searches, a drainage search and an environmental search. Anti-money laundering checks will also be undertaken.
Planning searches are usually recommended by conveyancing lawyers, as these will uncover any future plans for developments in the local area. Property solicitors will also provide you with advice on any other searches or checks they feel are appropriate for your individual circumstances.
How do conveyancing fees work?
There are two main categories of conveyancing fees. The first is the fee charged by conveyancing solicitors to cover their time. These will vary depending on the expertise and experience of the solicitor and it should always be remembered that the lowest costs do not necessarily represent the best value service. The second category of fees relates to those charged by third parties. These are known as disbursements and include fees for searches, checks, Land Registry charges and bank transfers.
What does ‘exchange of contracts’ mean?
Your sale or purchase is not legally binding until you have exchanged contracts, which means that either party can usually pull out without being penalised. The process leading up to exchange of contracts will usually run as follows. The seller’s solicitor will produce a contract setting out the sale details. This contract will include the date by which the transaction should be completed; the agreed price and precisely what is included in the sale. The buyer’s solicitor reviews the contract and presents any queries or required amendments to the seller’s solicitor. Once the contract is agreed by both solicitors, the buyer and seller will sign their individual identical copies and these will then be exchanged by post via the respective solicitors. Once this exchange has taken place, the transaction becomes legally binding; generally speaking, any deposit paid can be lost and legal action taken if either party pulls out.
What is the Shared Ownership Scheme?
The Shared Ownership Scheme is a government programme designed to help first time buyers onto the property ladder. It allows individuals to purchase a share of a property, either new build or as a re-sale, from a Housing Association. The share is usually between 25 and 75 per cent. Most of the time, there will also be an option to purchase more shares at a later date, leading ultimately to a 100 per cent share. This is called “staircasing”. Shared ownership properties in England are offered on a leasehold-only basis, with rent being paid to the Housing Association. Where a mortgage is required to purchase the share, which is usually the case, it is important to ensure the funds can be obtained, as not all lenders offer mortgages for this type of purchase. Expert, specialised legal advice is vital when considering a Shared Ownership property: they are not for everyone and there are numerous important factors to consider before going ahead.
Other government-backed schemes designed to assist buyers onto the property ladder include Help to Buy, Shared Equity and Right to Buy. These work differently to shared ownership but may be more suitable depending on individual circumstances. Always take detailed advice from a legal expert before proceeding.
Freemans Solicitors: The Expertise you Need, for a Smooth-Running Property Transaction
At Freemans Solicitors we are very much focused on providing a personalised service and in safeguarding the best interests of our clients. Whilst much of the conveyancing procedure can be handled remotely nowadays thanks to technology and online conveyancing processes, our property solicitors still prefer to meet face to face with clients at least once. This gives us the opportunity to get to know you and any specific needs or wishes that you may have.
If you are moving home, or seeking advice on any property related matter, we look forward to assisting you and welcome you to get in touch at your convenience. To speak to one of our conveyancing solicitors today, please ring our specialist team on 0207 935 3522 or use the contact form.