RESIDENTIAL CONVEYANCING AND MORTGAGES

For most people their property is the most important and valuable assets they will own.  We believe that whether buying or selling clients want not only a competitive rate for the transaction but also to know that an experienced and accessible professional will deal with the matter.

We are a member of the Law Society Conveyancing Quality Scheme and offer a competitively‑priced, efficient and personal service.  Our conveyancing work is undertaken by Jonathan Griffiths, a partner in the firm and specialist property solicitor, and Michael Griffiths another partner in the firm who has many years’ experience of handling property matters.  Jonathan and Michael can guide you through each stage of the legal process (please see link to our guide below), help you to identify and avoid potential pitfalls and to conclude the transaction as speedily as possible.

We recognise the importance to our clients of a property transaction and pride ourselves on providing a professional and efficient service in a friendly and readily approachable manner.

We can assist you with buying and selling, mortgaging and re‑mortgaging freehold or leasehold properties.

 

For a conveyancing estimate please click below: 

 

 

 

For our guide to the conveyancing process and what our fees cover please click here: Conveyancing Process

 

MORTGAGES/RE-MORTGAGES – THE PROCESS AND WHAT OUR FEES COVER

In transactions, involving mortgaging or re-mortgaging your property we will generally be acting both for you and your mortgage lender.  The mortgage lender will require us to certify that the legal title to the property is good and marketable and, from a legal perspective, provides acceptable security for the loan being made.

Once a mortgage offer is made and issued, we will:

  1.  obtain the legal documents of title to the property and check that the legal title is in order and meets the lender’s requirements;
  2. check the terms of the offer, that any conditions imposed by the lender for the release of the funds can be satisfied and seek any further clarification required as a consequence of the mortgage terms or issues arising from the legal title;
  3. initiate any searches which are necessary in respect of the property which would normally include a search of the local authority registers, a local water authority search and an environmental search;
  4. if the property is leasehold, raise standard management enquiries with the landlord/managing agent to check such things as whether the service charges and rent are up‑to‑date, requirements for service of notice regarding any new or replacement notice etc;
  5. arrange for you to sign the mortgage deed and report to the lender and request payment of the mortgage funds for the date of completion;
  6. initiate pre-completion searches;

in the case of re-mortgage, request redemption/settlement figure from the existing lender as at the date of completion;

  1. prepare a completion statement showing all the money due to be paid to or through us; and
  2. on completion, date the mortgage deed, account to you for any net funds due, arrangement for registration at HM Land Registry of the mortgage and when registration has been completed, send to you a copy of the updated Land Registry title entries.