WHAT WORK WILL BE UNDERTAKEN?

On a sale a typical transaction will include the following steps:

• Take your instructions and give you initial advice
• Obtain title documentation
• Check amount outstanding on any mortgage(s)
• Submit draft contract papers to Buyer’s solicitors
• Deal with Buyer’s solicitor’s pre-contract enquiries
• Send final contract to you for signature
• Agree completion date
• Exchange contracts and notify you that this has happened
• Obtain and agree mortgage redemption statement
• Approve Transfer Deed and obtain your signature thereto
• Reply to Buyer’s solicitor’s requisitions on title
• Complete sale and receive purchase price
• Redeem any mortgage(s)
• Settle any estate agents’ commission on sale
• Forward deeds and executed Transfer deed to Buyer’s solicitors

On a purchase a typical transaction will include the following steps:

• Take your instructions and give you initial advice
• Check finances are in place to fund purchase
• Receive and advise on contract and mortgage documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller's solicitor
• Give you advice and report on all documents and information received
• Go through conditions of mortgage offer
• Send final contract to you for signature
• Advise you on joint ownership
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Obtain signature to Transfer and Mortgage Deeds
• Make pre-completion searches
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with requirements as set out on title and in lease if leasehold property including Serving Notice of Transfer/Charge as necessary
• Deal with payment of SDLT/LTT
• Deal with application for registration at Land Registry

On a re-mortgage a typical transaction will include the following steps:

• Take your instructions and give you advice
• Obtain and review title documentation
• Obtain details of existing mortgagee and request an interim redemption statement
• Receive and peruse details of new mortgage and instructions from new mortgagee
• Undertake land searches as necessary
• Report on title to mortagee
• Obtain your signature to new mortgage deed and any ancillary documents
• Undertake pre-completion Land Registry and bankruptcy searches
• Complete redemption of subsisting mortgage and new mortgage
• Deal with the release of existing mortgage noted at HMLR
• Register new mortgage at HMLR
• Serve notices as necessary (e.g. if a leasehold title)

On equity transfer a typical transaction will include the following steps:

• Take your instructions and give you initial advice
• Obtain and review title to property
• Consider conflict of interest issue if any
• Draft transfer and report thereon
• Deal with any subsisting mortgagee’s requirements
• Undertake pre-completion land searches
• Complete transfer
• Deal with SDLT/LTT return/payment of SDLT/LTT as may be necessary
• Register transfer at HM Land Registry and report thereon.

On lease extension a typical transaction will include the following steps:

• Take your instructions and give you initial advice
• Obtain and review the freehold title and leasehold title including existing lease document
• Advising on procedure for lease extension and whether within or outside the Leasehold Reform, Housing and Urban Development Act 1993
• Advise in respect of surveyor’s advice/report dealing with premium to be offered in any notice to landlord
• Drafting Section 42 Notice under the 1993 Act as necessary
• Receiving landlord’s counternotice and advising thereon
• Receiving draft new lease and advising on timetable under the 1993 Act
• Obtaining your signature to new lease document and checking financial arrangements for the payment of premium to landlord
• Completing new lease
• Dealing with SDLT return/payment of SDLT?LTT if applicable
• Registering new lease at HM Land Registry and reporting thereon.