Whether you’re buying, selling, or remortgaging your property, we offer a full range of residential conveyancing services. Our team will guide you through the entire process, taking care of all legal obligations to ensure a stress-free transaction.
What is residential conveyancing?
Residential conveyancing refers to the legal process involved when buying or selling residential property in the UK. At Sky Solicitors, our residential conveyancing services cover everything from handling contracts, giving legal advice, conducting searches and dealing with the Land Registry, to transferring the funds to pay for your property.
How long does the conveyancing process take with Sky Solicitors?
The conveyancing process can typically take anywhere from 8-12 weeks, but this can vary depending on several factors, such as the complexity of the transaction and the length of the property chain. At Sky Solicitors, we always strive to complete your conveyancing process as swiftly and smoothly as possible.
What costs are involved in the residential conveyancing process?
Costs in a residential conveyancing transaction can include our legal fees, search fees, Land Registry fees, Stamp Duty Land Tax, and potentially other costs depending on the specifics of your transaction. We provide a detailed estimate of all the costs involved at the outset, so you are fully aware of any potential costs.
Do I need a survey if I am buying a house?
Although not a legal requirement, we strongly recommend getting a property survey done before purchasing a property. A survey can reveal potential issues with the property which might affect its value and any future repair costs.
What are ‘searches’ in conveyancing and why are they necessary?
Searches are investigations carried out to discover more about a property. They can reveal any planning restrictions, potential developments, environmental risks, and more. Searches are important as they can uncover issues that could affect your enjoyment of the property or its future resale value.
What is the difference between leasehold and freehold?
A freehold means you own the property and the land it’s built on outright. A leasehold means you lease the property for a specific period from the freeholder. Leaseholds often come with additional obligations, such as ground rent and service charges. Sky Solicitors can advise you on both types of ownership.
Can Sky Solicitors handle remortgaging conveyancing?
Yes, at Sky Solicitors, we handle all aspects of remortgaging conveyancing. We can advise you on the legal implications of your remortgage and ensure that all the necessary documentation is correctly completed and submitted.
What happens on completion day?
On completion day, the buyer’s solicitor sends the purchase funds to the seller’s solicitor. Once the seller’s solicitor confirms receipt of funds, the buyer can collect the keys and move in. At Sky Solicitors, we coordinate with all parties involved to ensure a smooth completion.
What is Stamp Duty Land Tax (SDLT) and will I have to pay it?
SDLT is a tax paid by buyers on the purchase of property or land in England and Northern Ireland. Whether you need to pay SDLT, and how much, depends on the purchase price of the property, and whether you’re a first-time buyer, buying an additional property, or buying a rental property. We will advise you on your SDLT obligations and help you complete any necessary SDLT forms.
Can I handle my own conveyancing?
While it is legally possible to handle your own conveyancing, it is not recommended. Conveyancing is a complex legal process and mistakes can have significant consequences. At Sky Solicitors, our team of experienced conveyancers can manage the process on your behalf, giving you peace of mind.
The information provided in these FAQs is for general informational purposes only and may not reflect the most current legal standards or interpretations. Laws and regulations regarding leasehold enfranchisement are subject to change, and the specific circumstances of each case can impact its outcome. It is advisable to consult with a professional legal service provider like Sky Solicitors to obtain up-to-date and tailored advice based on your individual situation. Sky Solicitors can assess your case, provide accurate information, and guide you through the leasehold enfranchisement process in accordance with the most current laws and legal provisions.