Residential Conveyancing Solicitors

 

Faster completions with Leonard Solicitors

“The service I received from Leonard Solicitors was excellent from start to finish. Their app enabled me to see what stage I was at in the process which was very helpful. My conveyancer was Asad and he was brilliant. If I had a question I could email and I would often get a response the same day. If I called he would do his best to respond the same day. My estate agent was also super impressed with how efficient Asad was in getting things done. I would highly recommend this firm to anyone looking for a friendly yet professional service – 5 Stars.”
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Residential Property Services

Our specialist Residential Conveyancing Solicitors can help you with the full range of property transactions for homeowners and those looking to get on the property ladder. Whether you’re buying or selling a property, getting a better deal on your mortgage or you would like to transfer equity, you can rely on us to get the job done. We take a transparent approach in every step, providing you with a full report during the progress of your transaction.

If you’d like to receive a conveyancing quote over the phone from an expert, please call us on 023 8023 4433 during office hours. To get an instant quote online, please visit our conveyancing calculator below. 

Why choose Leonard Solicitors?

When it comes to the transaction of your property, you are going to want to choose the right Residential Conveyancing Solicitor to get the job done. We offer a world-class service to our clients which means you are kept in the loop throughout the process, with the assurance that no stone is left unturned.

Whatever the details of your property transaction, our Residential Conveyancing Solicitors have the expertise in providing quality legal advice and services. This includes:

  • Buying and Selling Residential Freehold Property
  • Buying and Selling Residential Leasehold Property
  • New Builds
  • Remortgages
  • Transfer of Equity
  • Managing the Share of a Freehold Property
  • Lease Extensions
  • Help-to-Buy
  • Deposit Unlock Schemes

Conveyancing Fees

We understand that in today’s world, money can be an obstacle. This is why we don’t ask you to pay the full amount upfront. Instead, you can pay the rest of the fees on completion. So that we can begin the work, we do require our clients to put some money on account to cover the disbursements. This can range between £250-£500, depending on the details of your transaction. You can see the full list of fees you’re paying when you submit a quote online.

Track the progress of your transaction in real-time

To help you track the progress of your transaction, you can download the Leonard Solicitors app. Watch the video below for more details.

Protect your investment with a Will…

When you choose Leonard Solicitors to complete your property transaction, we offer 30% off of our Wills & Probate packages.

We recommend that you make a Will so that your brand new investment is protected. Your Will sets out who will receive your property and other possessions if anything was to happen to you.

Did you know, that if your estate is worth more than £325,000, your beneficiaries could lose 40% of their inheritance to the Government in Inheritance Tax? At Leonard Solicitors, we can help you with ways to prevent this from happening. You can make changes to your Will at any time. For more information visit Wills & Probate.

FAQ’s

What is residential conveyancing?

Residential Conveyancing is the legal process in the transfer of ownership of residential property between two or more parties.

Here is how it works:

Offer Accepted

Seller

Buyer

Offer accepted on the property Offer accepted on the property
Mortgage offer received
Appoint Solicitor

Seller

Buyer

Appoint Solicitor
Complete ID checks
Return signed client care letter
Appoint Solicitor
Complete ID checks
Complete source of funds check
Return signed client care letter
Searches

Seller

Buyer

Complete the enquiry forms
Supply any documents relating to the property
to Solicitors
Pay search fees to the Solicitor
Appoint a surveyor
Draft Contract

Seller

Buyer

Seller’s Solicitors will:

Draft contract;
Obtain Land registry title and;

Forward the Seller’s completed enquiry forms
and supporting documents to the Buyer’s
Solicitors to renew

Buyer’s Solicitors will:

Review and amend the draft contract;
Apply for property searches;
Investigate title to the property;
Raise any further enquiries and send the draft
transfer to the buyer’s Solicitors

Checks

Seller

Buyer

Seller’s Solicitor will agree the following with the Buyer’s Solicitor:

Amendments to contract and draft Transfer Deed;
Replies to any further enquiries that have been raised:
An exchange of contracts date and a completion date

Buyer’s Solicitor will:

Receive, check and report to the Buyer on the property search results;
Receive, check and report to the Buyer on the mortgage offer;
Review replies to any further enquiries;
Report on the title to the property to the buyer;
Agree on an exchange of contracts date and completion date

Deeds

Seller

Buyer

Seller signs the contract and;
Transfer Deed
Buyer approves reports on the title, searches and mortgage
Buyer signs the contract, Transfer Deed and Mortgage Deed
Prepare Statements

Seller

Buyer

Seller’s Solicitor:

Obtains a redemption statement for any existing lender and;
Prepares a completion statement to send to the Buyer’s Solicitor

Buyer’s Solicitor:

Reports to the lender and orders funds for completion;
Receives a completion statement from the Seller’s Solicitor and prepares a completion statement for the Buyer.
Buyer pays deposit monies to their Solicitor.

Exchange Contracts

Seller

Buyer

Seller makes arrangements to move From the date of the exchange contracts, the Buyer puts a buildings and contents insurance policy in place and makes arrangements to move
Completion!

Seller

Buyer

Seller drops keys to the estate agent
Read meters
Seller’s Solicitor received completion monies from the Buyer’s Solicitor, redeems existing charges  and pays the balance to the Seller
Seller adjusts their Will
Buyer’s Solicitor pays Seller’s Solicitor balance of monies required to complete
The buyer collects keys from the estate agent
Read meters
The buyer makes a Will  to protect their investment

How much does conveyancing cost?

This can vary depending on the value of the property you are buying or selling. Some additional charges and disbursements may apply to your transaction, most commonly, Help to Buy or Shared Ownership fees. Some of these fees are what we pay directly to external parties, for example, Inland Revenue. They may or may not apply to your transaction, so it’s best to speak to one of our friendly conveyancing advisors to find out. You can get a free, no-obligation conveyancing quote at the top of the page.

How long does the conveyancing process take to complete?

Your Residential Conveyancing Solicitor will advise you along the journey, which typically takes between 8 to 10 weeks, and will keep in touch on matters that possibly make the process longer. These typically depend on mortgages on either side of the transaction because they take longer than cash purchases, and any completions of new builds in the chain.

We respond to enquiries from all parties as a high priority, but not every stakeholder we deal with will do the same. Sometimes this can delay the progress, nevertheless, your Residential Conveyancing Solicitor will take a pro-active approach in getting the answers they need.

In addition to the advice from our Residential Conveyancing Solicitors, you may also find the following websites useful: