Crompton Halliwell
Conveyancing
Buying a Property
Buying a property can be a stressful and extremely time consuming experience. Our team help provide clients with clear and easy to understand information to make the buying process as smooth and simple as possible.
Key events when Buying a property are:
- An offer is accepted via Estate Agents.
All parties instruct Solicitors to act on their behalf. - Estate Agents then send out a Memorandum of Sale to all parties confirming the agreed price and client details.
- Seller’s solicitors apply for documents from the Land Registry and send to the Buyer’s solicitors as part of the Contract package.
- The Buyer’s solicitors check the replies to all enquires including property questionnaires and fixtures and fittings information received from the Seller.
- Buyer’s solicitors submit local searches and request any additional information.
- Once the Buyer’s solicitors have received a copy of the Buyer’s mortgage offer and are content with the results of their searches and enquiries the Solicitor will arrange for the Buyer to then sign the Contract, Mortgage and Transfer documents. Contracts are then ready to be exchanged.
- A completion date will be negotiated and Contracts will be exchanged. Both parties are now legally bound to buy and sell the property for the agreed price on the agreed completion date.
- After completion the Transfer Deed is sent to the Land Registry, to register the property in the name of the new owners
See Here for a Buying Property Fees Guide and for more information speak with a member of our Conveyancing team on 0161 797 9222.
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Selling a property
Selling a property can be a long and drawn out process. At Crompton Halliwell we strive to make it clear, simple and straightforward.
Key events when selling a property:
- An offer is accepted via Estate Agents.
- All parties instruct Solicitors to act on their behalf.
- Estate Agents then send out a Memorandum of Sale to all parties confirming the agreed price and client details.
- Clients complete property questionnaires including fixtures and fittings information.
- Seller’s solicitors apply for documents from the Land Registry and send to the Buyer’s solicitors as part of the Contract package.
- Buyer’s solicitors submit local searches and request any additional information.
- Once the Buyer’s solicitors are satisfied with the replies to all enquiries the Buyer will sign the Contract and Transfer documents.
- Once the Buyer’s solicitors have received a copy of the Buyer’s mortgage offer and are content with the enquiries, Contracts are then ready to be exchanged.
- A completion date will be negotiated and Contracts will be exchanged. Both parties are then legally bound to buy and sell the property for the agreed price on the agreed completion date.
- On completion the Sellers must vacate the property by Midday and take all sets of keys to the Estate Agents.
- The Transfer Deed is sent to the Buyer’s solicitors for them to forward onto the Land Registry, to register the property in the name of the new owner.
See here for a Selling Property Fees Guide. Our experienced Conveyancers can handle both the buying and selling aspects of a move making this process a lot more straightforward for the Client rather than dealing with two Solicitor Firms. Speak with a member of our Conveyancing team on 0161 797 9222.
Re-Mortgaging
There are many reasons you may choose to Re-Mortgage your property, to secure a better mortgage rate than you currently have or to release equity from your property.
Whatever your reason, Crompton Halliwell are here to help with our experienced team.-
Key events when Re-Mortgaging a property are:
- Mortgage offer is issued by the lender.
- Client instructs a solicitor to act for them.
- Solicitor applies for documents from the Land Registry and details of existing mortgages.
- The Solicitor applies for up to date settlement figures.
- The money is requested from the lender and client signs the mortgage deed.
- Completion is when the old mortgage is redeemed and the new mortgage is put in place.
- After completion the new mortgage is registered against the property at the Land Registry.
See here for a Re-Mortgaging Fees Guide and please speak with a member of our Conveyancing team on 0161 797 9222.
Transferring Equity
Transferring equity in a house in the UK is a common legal process undertaken for various reasons. One primary reason is relationship changes, such as a divorce or separation, where one party wishes to transfer their share of the property to the other. This allows the remaining party to retain full ownership and control of the home. Similarly, if couples decide to marry or enter a civil partnership, they may want to add a partner’s name to the property title, sharing the ownership equally or according to a specified share.
Another common reason for transferring equity is estate planning and tax efficiency. Parents may transfer equity to their children as part of their inheritance planning, potentially reducing inheritance tax liabilities. Additionally, individuals might transfer equity to mitigate exposure to creditors or to comply with financial agreements, such as securing a loan where the lender requires the property to be in the borrower’s name. Lastly, transferring equity can also occur in business contexts, such as when a property is held by a company and needs to be transferred to reflect changes in business ownership or structure. Each of these scenarios requires careful legal and financial consideration to ensure compliance with UK law and to protect the interests of all parties involved.
See here for a Transferring Equity Fees Guide and please speak with a member of our Conveyancing team on 0161 797 9222.
Conveyancing
Buying or selling a property can be a stressful and extremely time consuming experience. Our team help provide clients with clear and easy to understand information.
Probate
The role of an Executor can be daunting as an Executor is the only person who is entitled to administer an estate. The Executor is held personally liable for any mistakes made.
Wills
Wills are very important and without one you have little control of how your estate is distributed when you die. Making a Will lets you distribute your money and possessions how you wish.
Power of Attorney
A Lasting Power of Attorney is a legally binding document which enables you to choose a person or persons, that you trust, to deal with your affairs in the future should you become either physically or mentally incapable.
Trusts
A Trust is a vehicle used to enable a chosen, trusted person (Trustee) to hold an asset in their protection for the benefit of another. Trusts can be complex , we therefore recommend you seek advice from our team of highly trained experts.
Employment Law
If a relationship between employee and employer breaks down, one solution is to enter into a 'Settlement Agreement'. This is a legally binding agreement that allows the employee to gain an agreed tax free lump sum whilst in return agreeing not to proceed with their case.