If you have recently made the decision to buy or sell property, it’s likely you have a long list of questions regarding the legal process ahead.
Rather than diving into decisions alone and uninformed, get in touch with the team at Thornton Jones. Renowned for our expertise and efficiency, you can rely on our conveyancing solicitors to ensure a smooth move, no matter how complex your circumstances. So, whether you’re putting your first step on the property ladder or selling your former home, our friendly team are here to support you from start to finish.
Why choose Thornton Jones’ team of conveyancing solicitors?
Buying or selling your home may be one of the biggest purchases you will ever make, and getting the right advice to ensure your interests are properly protected is crucial. We can handle the legal aspects of your house move from start to finish.
Many firms offer fixed price conveyancing services, but leave it to junior members of the team to carry out the work.
Our conveyancing solicitors do offer a fixed fee service but also ensure that a senior member of our team looks after your transaction; handling the entire process with a personal service that larger firms are unable to offer.
Accredited by the Law Society for our first-class service and expertise in property law, you can count on our conveyancing solicitors to protect your interests throughout the transaction. We know that this can be a particularly stressful time, especially if you’re a first time buyer. That’s why at Thornton Jones, we promise to keep things as simple and straightforward as possible. Instead of drowning you in legal jargon or keeping you in the dark, we will provide you with regular updates regarding developments on your case as soon as they develop.
How can our conveyancing solicitors in Wakefield help you?
When you instruct a member of our team, you will benefit from our extensive knowledge in residential property law. As well as tackling the legal work of the conveyancing process, we also advise clients on equity release and re-mortgages; as well as issues surrounding shared ownership of a property – such as preparing Declarations of Trust to protect unequal investments in property or transfer of ownership between two people. Should you have any issues following your property sale or purchase, simply ask your dedicated solicitor and we will be happy to help.
What is the conveyancing process?
When a property is bought or sold, legal ownership must be transferred from one individual to another. While this may seem fairly straightforward, there are many legal and financial considerations to be made in order to ensure the interests of both the buyer and seller are protected. Generally speaking, there are three stages to the conveyancing process:
Pre-exchange of Contract
If you are purchasing property, having your offer accepted and a mortgage in place are the first steps in completing your transaction. This marks the beginning of the conveyancing process.
Our solicitors will request the contract pack from the seller’s solicitor and, once received, we will ensure that all the information is correct. From here, we will obtain and check the results of any relevant property searches: a local authority search, a water and drainage search, coal mining search and any other searches necessary.
We will then examine the contract and documents supplied to ensure there are no issues that could potentially affect your decision to purchase. If there are any issues, we will raise queries or ‘requisitions’ regarding the property until we are satisfied with the results.
Exchange of contracts
Once we are all happy with the details of the transaction, the signed contracts are exchanged. At this stage everyone is legally bound to complete the purchase. A non refundable deposit is paid and a completion date set when the property will be handed to the buyer.
Funds are requested from your mortgage lender if you are using a mortgage to buy the property in readiness for completion. You will also need to have sufficient funds in place with us to complete for the balance.
The final stage of the conveyancing process is known as ‘completion’, and just as it sounds, this marks the end of your transaction and the start of your new life in your new home.
On the day of completion, funds are transferred to the seller’s solicitors. The sellers leave the property and hand over the keys to the buyers (usually through the estate agents).
We will ensure any applicable Stamp Duty is paid.
If you are the seller we will redeem your mortgage from the completion money if you have one and send the title deeds to the buyers solicitor and any balance funds to you.
We will register your legal title on the property with the Land Registry, finalising the transfer of ownership. Congratulations, you are now a homeowner!
Here at Thornton Jones, our aim is to help you through this process smoothly and efficiently. To get started, simply get in touch with our specialist team of conveyancing solicitors today.
All that is left is for you to pack your boxes, arrange to collect the keys and start making plans for your new home.