Residential Property Law

At Bank Solicitors our highly experienced team of residential conveyancing solicitors are here to ensure that your property transaction runs as quickly and as smoothly as possible.

Buying or selling a property can be a daunting experience for anyone. Our experienced conveyancing solicitors take on the burden for you and lead you through the minefield of requirements and obligations associated with any purchase or sale.

Our residential conveyancing team employs a comprehensive and sophisticated case management system, which ensures your transaction is conducted as quickly and efficiently as possible.

We provide you with a complete quote for the work that we will undertake on your behalf, including standard searches and disbursements that will be incurred on your behalf. The quote that you will be provided is the total cost of your transaction, we believe in complete transparency for the work undertaken on your behalf.

So if you are buying or selling a property, need advice on shared ownership, or require us to draft or negotiate a lease on your behalf, our residential conveyancing solicitors are here to help in all the following popular areas:

Sale of Property

Selling a property can be a complicated business. A variety of legal obligations must be met before ownership of a property can transfer. Our conveyancing solicitors ensure you meet all these obligations and provide the right information in response to any queries from the buyers or the searches they conduct. We are also always happy to help you coordinate a simultaneous sale and purchase.

Purchase of Property

Buying a property involves a number of legal and procedural steps. These can include investigating the property’s title, conducting searches, preparing documents, writing and exchanging contracts, payment of Stamp Duty Land Tax, and registration at the Land Registry. All our residential conveyancing solicitors hold extensive experience at guiding purchasers through the purchase process meaning you can complete the transaction as smoothly and expeditiously as possible.

Re-mortgaging

Changing the mortgage on your property by moving to a new lender is called remortgaging. You may wish to do this as a result of divorce or the death of your co-mortgagee, to find a better financial deal, or to release additional funds. Whatever the reason, our conveyancing solicitors help you through the process and ensure it is conducted quickly and efficiently.

Transfer of Equity

Changing the co-ownership status of your property necessitates completing a Transfer of Equity deed. There are several reasons why someone might want to do this. They include adding a spouse following a marriage, removing an ex-spouse after a divorce, and reducing inheritance tax liability. Before completing the deed on your behalf, our team of expert conveyancing solicitors will advise on your particular situation and, in particular, on the effect any mortgages or other restrictions on the property may have on the process.

In relation to disbursements

Disbursement means paying out money.

On the sale of a property, this is limited to the cost of obtaining copy title documents from the land registry, usually less than £10.

The cost of obtaining copy documents and other documents, for example, copy planning documents are usually less than £20.

Our figures above will either include VAT or in some cases not VAT is applicable. You will be provided with information regarding VAT and if it is payable.

Determining costs and factors to include: