The Conveyancing Process; Buying and Selling Residential Property – Leanne Jones and Kaylee Evans
Conveyancing Solicitors in Bromyard.
Moving home is a significant financial undertaking and one of the most important things you’ll ever do so it is important you instruct specialist lawyers who are able to navigate the complex conveyancing process on your behalf, for a smooth and straightforward transaction.
Our experience and expertise are second to none and our in-depth knowledge of the local property market adds value to the service we provide.
Our credentials speak for themselves and as one of the most trusted and reliable legal firms operating across Herefordshire, Shropshire and in North Wales, we are renowned for our high levels of customer service and excellent results. If you are buying or selling a property in or around Bromyard, don’t hesitate to get in touch with us and find out more about how we can help.
What does Residential Conveyancing Involve?
As residential property conveyancers, we take care of all the legal and administrative work involved in the transfer of a residential property’s ownership from one person to another and the work we will carry out on your behalf will very much depend on whether you are buying or selling or possibly both.
Our Conveyancing Bromyard Expertise
At Lanyon Bowdler, we have years of experience in dealing with conveyancing matters. Get in touch today.
Our Property Lawyers are experts in their field and members of the Law Society’s Conveyancing Quality Scheme.
Whether you are buying, selling or re-mortgaging, our highly skilled and experienced property lawyers can manage every part of the conveyancing process on your behalf including:
- Liaising with estate agents, mortgage brokers, lenders, insurers and other conveyancing solicitors elsewhere in the property chain.
- Advising on joint ownership.
- Carrying out legal searches
- Preparing and checking all documentation including deeds, legal titles, planning permission, building regulations, energy performance certificates and contents forms.
- Managing issues and any re-negotiation that may be required.
- Drafting, checking and exchanging contracts.
- Coordinating signatures.
- Managing financial transactions.
Our in-depth knowledge means that we are able to see potential issues and delays before they arise and know how to manage them swiftly and effectively to keep the sale on track.
Good communication is paramount and we will keep you updated at all times to give you peace of mind about the process and what is happening at any given time.
Whether you are a first-time buyer or a seasoned investor with a large property portfolio, we will be with you every step of the way, providing you with the right advice and working to bring your property transaction to a swift and efficient close.
The Conveyancing Process: Buying a Property
If you are buying a property, we will carry out the following actions:
Before we can start the conveyancing process we will first ask you to provide proof of your identity, including photo ID, which is usually a passport or driving licence, and proof of your address, such as a utility bill or bank statement dated within the past three months.
We will also require your proof of funds, which will confirm how you will pay for the property. This is usually your mortgage offer or a ‘mortgage in principle’ document, or your bank statements if you are a cash buyer.
If you are buying the property with a mortgage, your lender will require a survey report to confirm the property’s value. There are different surveys you can opt for and we will advise you on the various levels and which one will be best suited to your circumstances.
We will obtain the Energy Performance Certificate for the property you are buying from the seller’s solicitor along with other necessary documentation relating to the property. This will include the fixtures and fittings list, boundary responsibilities, access to the property and parking arrangements as well as information relating to disputes with neighbours. We will thoroughly check and review all the paperwork, including the survey, and will advise you at this stage of any issues that may have arisen and what the response should be.
We will carry out all local searches on your behalf, to give us an in-depth picture of the property you are buying including environmental health issues, proposals for nearby roads and highways, tree preservation orders and planning permission applications. Other searches that may be carried out, depending on the requirements of your mortgage include water, electricity, gas and telecommunications.
If any extensions or alterations have previously been made to the property you are buying, we will check that all the correct permissions are in place and all the regulations have been met.
We will draft and check your contract in preparation for exchanging with the seller’s solicitor. Once you have signed the contract and your deposit for the property is received, the exchange of contracts can take place and the purchase will become legally binding on both sides.
We will draft and check your contract in preparation for exchanging with the seller’s solicitor. Once you have signed the contract and your deposit for the property is received, the exchange of contracts can take place and the purchase will become legally binding on both sides.
This typically takes place two weeks after the exchange of contracts and is the day that you are able to move in to your new property. We will transfer the outstanding balance of the purchase price to the seller’s solicitor and once all funds are cleared, you will be able to collect the keys to your new home. We will then obtain the title deeds for your property and register you as the new owner with the Land Registry, removing any reference to the seller and any previous mortgage.
The Conveyancing Process: Selling a Property
If you are selling a property, the work we will carry out on your behalf will be as follows:
The first thing we will do is to ask for proof of your identity, which will include photographic ID such as a passport or driving licence and evidence of your current address, which can include a bank statement or utility bill dated within the past three months.
We will also need to check your ownership of the property for sale and will obtain the deeds and title from either yourself or your lender.
We will provide you with the Seller’s Property Information and Fixtures and Fittings forms to complete, which details information about the property and forms part of the pre-contract information. It is essential that all information provided at this point is accurate but we can assist you and can answer any questions if you are unsure about how to complete any section of the forms.
Once all the documentation is complete we will draft the contract and send all the information to the buyer’s solicitor so that they can arrange to carry out the local searches. If any issues subsequently arise we will respond accordingly.
Once any issues have been resolved we will put together the final contract for you to sign. When the contracts have been signed and exchanged the sale is legally binding and we can set a date for completion.
There are typically two weeks between exchange and completion but timescales do vary. We will now complete any final paperwork and will obtain a mortgage statement from your lender. Once the sale is complete we will make all the required payments including any outstanding mortgage on the property as well as legal and estate agent fees before paying the final balance to you.
Our Commercial Property Conveyancing Services
At Lanyon Bowdler, our solicitors are well practised in providing commercial property conveyancing services including:
- Commercial property sales
- Commercial property purchases
- New lease negotiations
- Lease renewals
- Transferring leasing rights
- Statutory Agreements
Our understanding of the unique business landscape surrounding Bromyard, Herefordshire and Worcestershire means that we have the precise knowledge you are looking for to protect your commercial interests and to ensure a smooth and straight forward transaction.
The market town of Bromyard is affectionately known as the ‘Town of Festivals’ due to its lively year-round programme of events celebrating everything from scarecrows and Christmas trees to town criers. The Bromyard Gala, the Bromyard Folk Festival and the Nozstock Music Festival are just a few of the annual highlights that entertain local people and tourists alike.
The town centre itself is a thriving hub for independent retailers, cafes, bars and restaurants, where you can enjoy some of the finest local produce, including at the Michelin star Pensons restaurant, which is located just outside of the town between Bromyard and Tenbury Wells. The area is also famed for its hop production, so it’s no surprise that the award-winning Wye Valley Brewery is located nearby along with several other microbreweries and distilleries.
There is plenty of open countryside to explore in the area with the Bromyard Downs and Bringsty Common, two areas of outstanding natural beauty, right on Bromyard’s doorstep. For lovers of the outdoors, there is no shortage of outdoor pursuits including rambling, cycling and horse-riding along with many more sports clubs such as football, cricket, rugby, badminton, bowls and table tennis to get involved with.
Regularly voted as one of the best places to live for young families due to the abundance of green space, local amenities and good schools, it’s not hard to see why more and more people are attracted to living in Bromyard.
Bromyard is well served by a number of primary schools including Bredenbury Primary School, Brockhampton Primary School, Pencombe C of E School and St Peter’s Primary School. The secondary school in the area is Queen Elizabeth High School for students aged 11 – 16 with a number of options for further education slightly further afield in nearby towns.
The average value of a house in Bromyard stands at £276,753 according to data gathered by property website Zoopla (October 2020). Homebuyers looking for a terraced property could expect to pay in the region of £179,014 while apartments in the area are currently selling for an average of £112,016.
Property prices in Bromyard are seeing an upward trend due to its reputation as a safe, family-friendly town with a strong sense of community and plenty of local amenities and surrounded by some of the country’s most breathtaking countryside.
Whatever you’re looking for, it’s likely you’ll find it in Bromyard.
Retail and tourism are central to the job market in the area.
The range of independent retailers located along the high street and around the wider town centre is a key part of the local economy with the boutiques, cafes and artisan sellers attracting vast numbers of visitors throughout the year. Approximately 15% of Bromyard residents are employed within the retail sector, second only to the manufacturing industry which employs around 17% of local people.
Tourism is also thriving in Bromyard thanks to the full and varied programme of events that the market town hosts every year. Visitors flock to the town’s many festivals, staying in local bed & breakfasts, guest houses, hotels and self-catering accommodation, which are in plentiful supply for tourists wanting to experience all that this beautiful part of the UK has to offer.
Unsurprisingly, given its rural location, agriculture and farming also play a significant part in supporting the local economy with the area’s vast hop production instrumental in supplying breweries around the country.
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Contact the Expert Bromyard Conveyancing Solicitors at Lanyon Bowdler
Located in the centre of Bromyard and with branches in Hereford, Ludlow, Oswestry, Shrewsbury, Telford and Conwy we have been providing legal services in the area for more than 30 years and are delighted to be recommended by so many of our clients.
By instructing Lanyon Bowdler you are guaranteed access to some of the best lawyers in the business and with so much at stake you deserve to have the very best. You will find our team friendly, professional and welcoming, immediately putting you at ease and providing clear and concise information that is free of legal jargon and terminology.
To find out how we can help you contact us by phone using the number at the top of this page or complete the online enquiry form and a member of our team will be in touch.
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