Buying and selling a property is likely to be one of the biggest financial transactions we are involved in. With many decisions in a chain of transactions that are often beyond our own control, it can sometimes be a stressful and unsettling experience – but it doesn’t have to be.
If you are looking for a friendly, reputable conveyancing Solicitor in Stockport, we’ll be happy to help you.
At THP Law we understand that the process of buying and selling property or re-mortgaging your property can be daunting. With the thought of so many people involved – solicitors, estate agents, mortgage brokers, valuers, mortgage lenders, surveyors, the list goes on – you may not know who to talk to.
There are many important decisions to make, and a fair few hoops to jump through. But don’t worry, THP Law will be there to share the load and help you navigate and support you on this journey.
Our experienced Conveyancing team will be your first port of call throughout the process. Communication and personal service are important to us. We pride ourselves on being open and honest, and we will be on hand, keeping you informed and updated throughout your journey.
THP Law are proud to have achieved the standards of practice and integrity that is required to be accredited by the Law Society's Conveyancing Quality Scheme. This scheme's logo is your guarantee that our practice will provide you with a professional and quality conveyancing service in accordance with the scheme rules.
Buying a Home
Buying a home is often the biggest purchase anyone will make in their lifetime – therefore it’s important it is done properly. Our experienced conveyancing solicitors know the process through and through, and can provide you with all the advice, guidance and support you need from the moment your offer is accepted, right through to moving day.
Our team will meticulously undertake property searches, assess title deeds, and check boundaries to ensure your new home is suitable for you. We will provide you with a detailed breakdown of our findings so you know exactly what you’re buying and can make an informed decision about whether you are happy to proceed with the purchase.
We also provide advice about Stamp Duty, first-time buyer’s relief, and Government schemes such as Help-to-Buy, or Shared Ownership.
Selling a Home
No matter the reason you’re selling your home, our team of conveyancing solicitors in Stockport will provide you with a fast, friendly, and efficient conveyancing service.
By instructing The Howe Practice to manage the selling of your home, you can relax, safe in the knowledge that all the resources you need are available from one direct point of contact. We will handle every legal aspect of a property sale on your behalf and make it our mission to protect your affairs and your assets.
As part of the conveyancing process in the sale of a property, we deal with:
Instructions – helping you prepare property information forms and arranging title deeds
Mortgages – liaising with your mortgage lender
Co-ordination – the sale of your home alongside the purchase of a new one
Contracts – preparing and negotiating draft contracts with the buyer, and arranging for the contracts to be signed along with any additional queries
Exchange – finding a suitable completion date, dealing with exchange of contracts and collecting deposits on your behalf
Completion – efficiently completing the sale, finalising the payment, ensuring the transfer of property ownership is properly registered at the Land Registry
The Howe Practice will manage your purchase the sale of your property from instruction to completion, offering bespoke, friendly, professional advice throughout the process.
Remortgages
Significant life changes, be they planned or unexpected, could mean your current mortgage no longer suits your needs. Whether you’re looking to start a family, or expecting a significant change to your income, remortgaging gives you the chance to find a deal that is a better fit for you now and your future.
Remortgaging means moving your mortgage to a new lender, while you remain in the same property. It potentially allows homeowners to raise additional money for home improvements, special purchases or to pay off other debts.
A remortgage could allow you to reduce your loan size and potentially get a cheaper rate as a result. But you should watch out for any early repayment charges or exit fees and any clauses that could result in you granting a third-party rights to your home.
It is important that you check the terms of your mortgage offers very closely. If you are unsure, you should seek both independent legal and separate financial advice.
Please get in touch with us today, we’ll be happy to answer any questions you may have regarding remortgaging your home.
Lease Extensions
WE ARE CURRENTLY NOT TAKING ON ANY NEW LEASE EXTENSIONS
This information applies to people living in England and Wales.
Most flats and many homes in the UK are sold as leasehold properties, not freehold. Owning a leasehold gives you the right to live in the property for a pre-determined period. It’s important to remember that in the eyes of the law, leasehold owners are essentially a tenant of the freeholder for the period. Whilst you can buy and sell the property, you don’t technically own it – you own the lease.
When a lease is under 80 years, it can become increasingly difficult to sell or remortgage the property, which is why it can be necessary to extend your lease.
To be legally entitled to extend your lease, you normally need to have owned the property for at least two years. If you are considering selling the property instead, it is important you take legal advice before you put it on the market. If you don’t, potential buyers will be faced with delays as lenders refuse to proceed if the remaining lease length does not meet their policy requirements.
It is also vital to understand that remaining lease lengths have an impact on the value of your property. A lease of over 100 years can add thousands or even tens of thousands of pounds to your property’s marketing value.
Our team can assist you in understanding what’s involved in extending or amending your leasehold agreement to protect your own position if you choose to sell or remortgage your property. Please get in touch to find out more.
Why Choose THP For Coneyancing Services?
We offer low fixed fee rates
Local Stockport experience – you can’t beat it
We work closely with your estate agent and other solicitors to ensure that your sale or purchase progresses to completion as swiftly as possible.
Conveyancing Quality Scheme (CQS) – we’re an approved practice which means our quality service is recognised by The Law Society.
We allocate a dedicated experienced conveyancer to you who will answer your questions, keep you updated and make sure you are prepared for your move;
We will go above and beyond to make sure you move at a time that is right for you;
Contact us by e-mail or call us on 0161 480 2629 to discuss your property requirements or to obtain a personalised quote.
The Conveyancing Quality Scheme (CQS)
We at THP Law are proud to have achieved the standards of practice and integrity required to be accredited by the Law Society's Conveyancing Quality Scheme.
This scheme's logo is your guarantee that our practice will provide you with a professional and quality conveyancing service in accordance with the scheme rules.
What you can expect from us:
when you contact us to discuss your sale or purchase we will explain clearly the steps in the process and what you can expect from your solicitor
we will tell you what the costs will be
we will keep you informed of progress in your sale or purchase
we will work in line with the quality standards of the Law Society's CQS.
We will:
treat you fairly
be polite and professional respond promptly to your enquiries
tell you about any problems as soon as we are aware of them
ask for your feedback on our service
Conveyancing FAQs
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Simply put, conveyancing is the transfer of the legal title of a house, flat or piece of land from one person to another.
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The conveyancing process begins when the seller accepts an offer from a buyer.
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In a standard house sale and purchase process, there are three main stages of conveyancing, these are:
1. Offer and acceptance
2. Exchange of contracts
3. Transfer of purchase funds and completion
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Whether we’re acting for the buyer or the seller during the conveyancing process, the first question we’re usually asked is “how long will it be until we can exchange contracts?”.
On average, buying a home normally takes 2 – 3 months, and can take longer if you’re part of a chain. Our team aim to reduce the time as much as possible within the parts of the process we have influence.
Delays may occur to extend this process; however, at The Howe Practice, we always act as quickly as possible should any issues arise.
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Conveyancing costs vary. They are affected by the value of the property, and any legal complexities that may be involved. There are many fees involved with buying a home, from legal fees to surveys and insurances all included in the final, overall price of buying a property.
Please call us to request a bespoke quotation for your individual circumstances.
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Conveyancing fees are paid a few days before exchange or completion. Prior to completion, your lawyer will request their fee and all disbursements.
Deposits are deducted from any final balance.
Nominal upfront payments will be requested to cover the searches.
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Depending on the purchase price of your property, you usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property e.g. a house or flat. There are different rules if you’re buying your first home and the purchase price is £500,000 or less.
Please give us a call if you’d like further information, we’ll be happy to chat with you regarding your personal circumstances.
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Yes. You can actually own a home with up to three other people. Ownership of the property can be as ‘joint tenants’ or ‘tenants in common’. The type of ownership affects what you can do with the property if your relationship with a joint owner breaks down, or if one owner dies.
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You are able to remortgage at any time. However early repayment charges may be incurred if you’re not at the end of your fixed rate term.
Most people choose to remortgage when they reach the end of their fixed rate term as this is when a mortgage might stop being a good deal.
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A remortgage is when you apply for a new mortgage with a different lender, but you choose to stay in your current home.
Remortgaging can help you raise money for home improvements, debt consolidation or special purchases, but your home could be at risk if you can’t make the payments.
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unlike a freehold property, when you purchase a leasehold property, you own the building itself, but not the land on which it is built.
The land is owned by the freeholder, but leasehold properties are sold under a legal agreement which transfers ownership from the freeholder to the leaseholder for a set period. This can be a number of years, decades, or even centuries, depending on the length of the lease. Once your lease expired, ownership of the property passes to the freeholder.
Contact us today to Find Out More!
To find out more about our Conveyancing services, you can call us on 0161 480 2629.
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PLEASE NOTE: The material provided on our Conveyancing services are intended for general guidance only. It offers useful information but it is not supernumerary for obtaining legal advice by any means.
Please contact us for an accurate quote tailored to the information you provide us.