What is conveyancing of a property?

Conveyancing of a property is a formal term for the paperwork and legalities involved in transferring a property from one party to another, either though buying and selling, or via a rental or leasehold arrangement. A property specialist solicitor’s firm will be able to help with the different aspects of conveyancing.

What is residential conveyancing?

Residential conveyancing is the name for the legalities and paperwork around buying, selling or renting a domestic dwelling, such as a house or flat, as opposed to commercial offices, retail space or warehousing. A specialist property solicitor will be able to advise on what residential conveyancing services you require, based on your individual circumstances.

How long does conveyancing take on average?

There is no single answer to this question as each case will take a different length of time to complete, based on the complexity of the purchase, rental or sale, geographical locations involved and any other issues around surveys, searches and financial arrangements such as mortgages or shared ownership. Your solicitor will be able to advise how long your conveyancing work will take in more detail.

How do I choose a solicitor for conveyancing?

As with any financial decision, it is important to do careful research into potential conveyancing solicitors, including reading reviews, checking that the firm offers the services you require and, above all, trusting your instincts about working with the people involved. To get started, check local business directories, speak to friends and family or contact the Law Society for a list of solicitors in your area.

Can I buy a residential property through my company?

Purchasing residential property through a company is perfectly possible to do, however, it will require a little more specialist support from a suitable solicitor to ensure that the paperwork is in order. Speak to Ashworths Solicitors to find out how we can help.

Do you need conveyancing when selling?

In theory, it is perfectly possible to buy or sell a house without the support of a solicitor, and some people are attracted to the chance to save money by ‘going it alone’. However, if you do not have adequate legal knowledge, patience or time to conduct your own conveyancing, it is highly recommended to contact a solicitor to undertake the process on your behalf.

How does a mortgage work?

A mortgage is a loan taken out against a property or piece of land to help the buyer have access to enough funds to secure its ownership. The loan is secured against the new acquisition and repayments are made regularly until the mortgage, plus any agreed interest, is paid off. If repayments are not kept up, the mortgage provider can repossess the property in order to get their money back.

How does re-mortgaging work?

When you re-mortgage a property, this means that you take out an additional loan, which is secured against the property, to replace or add to an existing mortgage. The repayment agreements and interest rate can be the same as your existing mortgage, or completely different. These details must be agreed with the re-mortgage provider before the loan is issued to the borrower.

What is a leasehold property?

A leasehold property is a building or other assets that are sited on land that is owned by someone else – known as the freeholder. The leaseholder must agree to the freeholder’s terms to ‘rent’ the land on which their property sits, which often involves regular payments and service charges that pay for – or contribute towards – the upkeep of the land.

Do you need a solicitor for shared ownership?

Shared ownership issues can be complicated to process, so it is highly recommended to engage a solicitor to protect all parties and to spot and resolve as quickly and practically as possible. Choose a specialist property conveyancing solicitor with experience in shared ownership matters, such as Ashworths Solicitors.

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Residential Property Solicitors

Buying a residential property is one of the largest investments most people will ever make. Equally, selling a house or flat can be complex and time-consuming, so it is best to secure professional help from a firm of residential property solicitors.

This way, you can have the confidence that your residential property investment will be handled correctly, professionally, and in a timely fashion.

Our residential property services

At Ashworths Solicitors, we have teams of residential property solicitors and conveyancing experts who can guide you through your property purchase, lease, rental, or sale.

Whether you are a first-time buyer or tenant or are buying residential property for business, our approachable team will guide you through the process.

We work with individuals and residential property development companies alike to ensure minimum stress and maximum satisfaction and return on your property investments.

Residential property solicitors and conveyancing

Conveyancing is the term for all legalities and paperwork around the legal transfer of a property from one party to another.

Our residential property conveyancing service covers all legal aspects of property buying, selling, and renting, from obtaining and agreeing on a mortgage to facilitating surveys and searches and drawing up and managing the signing of contracts.

Your conveyancing solicitor will also be able to help you with issues around stamp duty on residential property, residential property law, and other issues pertaining to your individual circumstances, such as renting residential property for business purposes.

Buying residential property

When you buy a residential property, Ashworths Solicitors will be standing by to help you navigate the legal side of things.

We can help you find the perfect fit for a mortgage provider and advise on surveys, property searches, and other red tapes necessary to finalize a purchase and to help you avoid falling into any pitfalls along the way.

Our residential property lawyers will work with you to ensure that you and are protected and informed throughout the entire purchasing process. We can also talk you through the pros and cons of investing in a commercial vs residential rental property to suit your budget, schedule, and other requirements.

Selling residential property

When it’s time to sell your house, flat or buy-to-rent property, let Ashworths Solicitors help you ease the process.

We as residential property solicitors can act on your behalf when it comes to all aspects of your property sale, preparing contracts, checking points of law, and dealing with enquiries from the buyer’s solicitor.

Our team can also help you negotiate your way through selling multiple residential properties as part of your wider portfolio and work with your managing agent to facilitate a smooth sale.

New-build properties

New-build properties come with their own set of issues to resolve, such as ensuring the warranty is present and correct, snagging issues have been dealt with and the correct ownership documents and legal red tape has all been completed.

You should also make sure that any agreements around leaseholds are clear and acceptable before proceeding with a new-build sale.

Ashworths is a firm full of experienced new-build and residential property development solicitors, ready to help you with your new-build purchase or sale.

Renting residential property

Whether you are a homeowner or investor looking for help with renting out residential property, or a potential tenant looking for a firm to help with renting a residential property, Ashworths can help you find the perfect match.

Residential property solicitors can work with landlords, estate agents, and managing agents to make finding a residential property to rent, or renting residential property for commercial use an easy, straightforward process for all parties.

Mortgages

Securing the right mortgage that provides enough funds to buy your perfect home or to snap up a residential investment property for sale is a much less stress-inducing process if you get the help of residential property solicitors from the start.

Ashworths residential property solicitors has extensive experience in helping people find the right mortgage for their needs and their budget and working with lenders to agree appropriate repayment terms.

We can help you work out what type of mortgage you need and guide you through the application process to maximise your chances of success.

Residential mortgages

Mortgages on residential properties require a different process from commercial property mortgages. We can help you work through the paperwork and application processes, whether you are buying your dream home or renting out a property on a residential mortgage.

Re-mortgaging

Buying a residential property can be an expensive business, so being able to re-mortgage your existing home to buy an extra property to rent out can give you access to valuable funds, just when you need them.

Our re-mortgaging experts at Ashworths Solicitors can talk you through the process, helping you to calculate what you need and the amount of fund you can potentially raise from re-mortgaging your current property or properties.

We can also ensure the red tape is all correctly handled to prevent any nasty surprises further down the line.

Residential leasehold services

There are two main types of property ownership in England and Wales – freehold and leasehold.

Freeholders own both the property and the land it sits on, whereas leaseholders only own the property and must essentially ‘rent’ the land it is on from a freeholder.

Leasehold properties can come with more complicated legalities and additional costs around service charges and sort out, however, our leasehold team at Ashworths Solicitors is well equipped to guide you through the process.

Shared ownership conveyancing

Shared ownership is fairly self-explanatory in terms of what it comprises. Investing in property with one or more other parties can offer advantages around lower costs, joint working, and shared responsibilities.

However, it can also bring issues that can turn into larger problems if they are not handled properly. Shared ownership conveyancing services from Ashworths Residential property solicitors can smooth the process, providing valuable third-party advice and protecting your interests within the shared ownership arrangements.

Transfer of equity conveyancing

A transfer of equity involves one party transferring their share or financial interest in a house, flat or commercial premises to a co-owner of the same property.

This transfer can be done in exchange for cash, or as part of a prior agreement, such as a divorce or the dissolution of a business partnership.

Working with a solicitor with proven expertise in the transfer of equity conveyancing is essential to ensure that the transfer is carried out smoothly, with all paperwork in order and all parties satisfied with the outcome. Ashworth Solicitor can help you with this specialist area of conveyancing.

Deed of variation conveyancing

When a change needs to be made to a formal contract or agreement, such as between a freeholder and leaseholder, or with a lender, for example, a solicitor can draw up a deed of variation.

This formal, legal document sets out the new arrangements and clarifies the changes so that there are no future conflicts of opinion or misunderstandings.

Why do you need to choose Ashworths Solicitors for residential property conveyancing?

Ashworths Residential property solicitors have worked in property conveyancing law for many years, building up extensive experience in specialist and general areas of residential property law.

Our offices in the heart of Wimbledon provide a central base for our operations, allowing us to work with residential and commercial property customers around Wimbledon, south London, and the surrounding areas.

Are you ready to speak to our residential property solicitors?

If you are looking for the perfect family home to rent or buy, have a property you wish to sell, or are looking to expand on your portfolio of residential property for investment, Ashworths Residential property solicitors are looking forward to working with you.

Contact us to arrange an initial, no-obligation appointment to discuss your requirements and to find out how we can help.

As our client, you will need to have confidence that the person handling your file has the experience and ability to manage your affairs and to give guidance when needed. You will also need to be able to feel that you are dealing with experienced residential property solicitors or conveyancers on a personal level. Ashworth can offer you that confidence and peace of mind.

You will have the direct line telephone number and personal email address of the case-handler with specific client responsibility for your matter. Our extended office hours of 8.30 am to 5.30 pm also mean that your case handler is accessible for most of the working day. Our experience has demonstrated that your level of stress increases if you cannot talk to someone and find out what is happening. We aim to reduce that stress by keeping you informed at all times.

Our clients tell us that our service represents good value for money. If you get an online quote or if you telephone for a quotation, you can rest assured that there are no hidden charges and that, for example, we do not charge an extra fee for acting for your mortgage lender.

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