The Conveyancing Process; Buying and Selling Residential Property – Leanne Jones and Kaylee Evans
Conveyancing Solicitors in Ludlow.
Moving home is a big step but the experienced legal team at Lanyon Bowdler can manage every part of the conveyancing process, to make everything as easy and as straightforward as possible for you.
Having been established across Shropshire and Herefordshire for more than 30 years, our reputation for legal expertise and exceptional customer service precedes us and we are one of the most highly regarded law firms in the area. We can give you peace of mind that by choosing Lanyon Bowdler you have access to trusted lawyers who excel in what they do.
Residential Conveyancing In Ludlow
Residential conveyancing involves the transferral of a property’s ownership from one person to another. As your lawyers, we will manage all the legal and administrative work from start to finish which, depending on whether you are purchasing or selling a property, can include:
- Liaising with all other parties
- Carrying out local searches
- Preparing and checking all documentation
- Managing issues and re-negotiating
- Coordinating signatures and exchanging contracts
- Managing financial transactions
Whether you are buying or selling a property, the conveyancing process is generally made up of three stages:
Agreeing the Sale
Proof of identity and funds will be obtained, key information about the property checked and contracts drafted.
Exchange
Once the contracts from both sides are signed and exchanged, the sale becomes legally binding.
Completion
The funds for the property and any fees are released and all payments made so that the transaction is complete.
Our Conveyancing in Ludlow Expertise
Here at Lanyon Bowdler, we have years of experience in handling conveyancing in Ludlow. Get in touch today and one of our friendly team will be in touch.
Our Property Lawyers are experts in their field and members of the Law Society’s Conveyancing Quality Scheme. We have a highly experienced team of conveyancing solicitors who can provide expert legal advice on all property matters, including:
- Sales
- Purchases
- Auctions
- Commercial transactions
- Remortgages
- Right to buy
- Shared ownership
- Freehold and Leasehold
- Land sales and purchases
We understand the importance of good communication and will keep in regular contact with you to provide updates and reassurance about the progress being made. We are on hand to answer any questions and pride ourselves on quick response times so that you are not kept waiting.
Whether you are buying, selling or pursuing commercial property interests, Lanyon Bowdler has the comprehensive knowledge and attention to detail required for this area of law, which can be complex and time consuming. We will identify any potential issues or delays as quickly as possible and will manage them effectively to keep your property transaction on course and bring it to a swift close.
Our offices are conveniently located on the Eco Park just off the A49. There is adequate parking either outside the office or on the park & ride carpark. We have additional offices in Bromyard, Hereford, Shrewsbury, Telford, Oswestry and Conwy, meaning we are ideally situated to meet the needs of local towns and villages throughout Shropshire, Herefordshire and North Wales.
The Conveyancing Process: Buying A Property
If you are purchasing a property, we will carry out the following on your behalf:
The first thing we will need to do is to establish your identity and will ask you to provide evidence of this and proof of your address. We will request a form of photographic ID such as a current, signed passport or driving licence and also an official document with your address printed on it such as a bank statement, recent utility bill, council tax bill or mortgage statement.
We will need to confirm how you are going to pay for the property. If you are taking out a mortgage we will ask for a copy of the mortgage offer from your lender or a ‘mortgage in principle’ document. If you are a cash buyer we will ask for bank statements dating back six months.
If you are taking out a mortgage on the property, a survey report will be required by your mortgage lender to confirm the property’s value. We will advise you on the various survey types and will assist if any issues arise at this stage or if any re-negotiation on price is required.
We will obtain and check all the required documentation for the property you are buying, including its contents and information relating to matters such as boundaries, access and parking. We will thoroughly check the accuracy of these documents and, if any issues should occur, will advise you of what to do and will respond to the seller’s lawyer on your behalf.
Local authority searches provide comprehensive information about the property you are buying and its locality. We will carry these out to establish if your property is subject to any restrictions such as whether it is in a conservation area, has a tree protection order placed on it or is in a smoke control zone. Further searches will also identify any planning applications, environmental health issues and proposals for nearby roads and highways that could affect the property. Depending on the requirements for your mortgage, additional searches on water, electricity, gas and telecommunications, for example, may also be carried out.
We will ensure all permissions are in place for any extensions or alterations that have been carried out on the property previously and will check they are in line with current building regulations.
We will thoroughly prepare your contract ready for signing and will then coordinate the exchange of contracts with your seller’s solicitor. Once contracts have been exchanged the sale becomes legally binding.
This is the day when everything is finalised and you can move into your new home. It will take place anywhere between a few days and two weeks after the exchange of contracts, to allow time for the final paperwork to be prepared and completed. We will need to receive your funds for the purchase at least one working day before completion and once these are cleared you can collect the keys and move in. We will register you as the owner of the property with the Land Registry and remove any reference to the previous owner or mortgage.
The Conveyancing Process: Selling A Property
If you are selling a property, we will carry out the following on your behalf:
The first thing we will need to do is ask for proof of your identity and address. We will request photographic ID such as a current, signed passport or driving licence and also an official document with your address printed on it such as a bank statement, recent utility bill, council tax bill or mortgage statement.
We will need to confirm your ownership of the property for sale, obtaining the deeds and title from either yourself or your lender, where these are usually held.
We will ask you to complete the Seller’s Property Information and Fixtures and Fittings forms, to provide information about the property. It is essential you are accurate with the details you provide at this stage as it forms part of the pre-contract documentation. We are on hand to answer any questions and can help if you are unsure about how to complete any section of the forms.
We will provide all the property information to the buyer’s solicitor so that local searches can be arranged and if there are any issues that subsequently arise, we will provide advice on how to respond.
We will be thorough in our preparation of your contract and will carefully check all the details contained within it before asking you to sign it. This will then be exchanged with the buyer’s solicitor and the agreed sale will become legally binding. We can then set a date for completion.
The time between exchange of contracts and completion is usually around two weeks, where we will complete the final paperwork and obtain a mortgage statement from your lender. On completion day, once we receive the funds from the buyer’s solicitor we will make all the required payments including any outstanding mortgage on the property as well as legal and estate agent’s fees. The remaining balance will be paid to you.
Lanyon Bowdler’s Commercial Property Conveyancing Services
At Lanyon Bowdler our commercial property conveyancing services include:
- Property sales
- Property purchases
- New lease negotiations
- Lease renewals
- Transferring leasing rights
- Statutory agreements
We have the experience and technical knowledge needed for a straightforward and hassle-free transaction, so you can depend on us to protect your commercial interests at all stages.
The market town of Ludlow was once described by the poet John Betjeman as ‘probably the loveliest town in England’ and those lucky enough to live in the area tend to agree.
This historic town is situated on the edge of the Shropshire Hills, an area of outstanding natural beauty, and overlooking the River Teme, perfect for peaceful strolls, fishing and wild swimming. There is a bustling and welcoming high street full of great independent shops and cafes while the thriving open air market sells a range of items including fresh produce, cheeses, vintage goods, books and a wide selection of local crafts.
The annual Ludlow Food Festival is a huge event in the town’s calendar each year and has officially put the town on the gastronomic map, attracting thousands of visitors every September.
Ludlow itself dates back to the eleventh century when the building of the castle began. Although it has been extended and altered over the centuries, Ludlow Castle is one of the most impressive examples of medieval architecture in the UK.
The town has a wide appeal for anyone moving to the area and with access to breathtaking countryside, outdoor pursuits and plenty of local amenities including the local cinema and leisure centre, it’s not hard to see why.
Ludlow is popular with families due to the excellent schools in the town. The two primary schools here are Ludlow Primary School and St Laurence C of E Primary School while Ludlow C of E School is the mainstream secondary school for students aged between 11 and 16. Most pupils move on to Ludlow College for sixth form, while Overton House is an independent school for students aged 11 and18 with additional needs.
Ludlow is well-connected by rail with the local train station running regular passenger services to towns and cities including Manchester, Cardiff, Crewe, Chester, Milford Haven and Newport as well as Shrewsbury and Hereford, where there are connections to London and Birmingham.
The nearest airport to Ludlow is Birmingham Airport, which is just over 40 miles away.
Property prices in Ludlow have been rising in the past three months due to increased demand in the area. Home owners are looking to capitalise on the beautiful rural setting, coupled with fantastic family-friendly amenities and events.
The average price for property here is £282, 285, according to figures calculated by Zoopla (October 2020). Apartments are currently selling for an average of £183,099 and you could expect a terraced house to cost you around £219,111 while some of the larger rural properties are upwards of £900,000.
Ludlow is the largest centre for businesses in south Shropshire and is the third largest for employment in the wider county, following only Shrewsbury and Oswestry.
Retail, healthcare and professional services account for more than 40% of all employment in the town while big-name employers such as Tesco, Aldi and road haulage company Lloyds of Ludlow also create many local jobs.
Ludlow is also a hub for a number of small and medium enterprises (SMEs) along with a number of independent and family run businesses including local clothing retailer Bodenhams. One of the oldest stores in Britain, Bodenhams has been trading from the same 600 year old timber framed building since 1860.
With more than 500 listed buildings, including some of the most well-preserved medieval and Tudor-style buildings in the country, along with a varied programme of events and festivals, Ludlow is a tourist hotspot, which also positively impacts on the local economy and creates many long-term and seasonal jobs in the town.
What our clients say.
Contact The Experts At Lanyon Bowdler For Conveyancing In Ludlow
To find out more about we can help with your property transaction contact us today by phone using the number at the top of this page, or complete our enquiry form and a member of our team will be in touch.
By choosing Lanyon Bowdler for conveyancing services you can rest assured that you have the best legal expertise on hand to ensure a smooth property transaction. We are committed to providing exceptional levels of client care and will work closely with you and other parties (estate agents, mortgage providers, leaseholders) to make things go at the pace you need, but also to ensure your rights are 100% protected and catered for at all times.
We have offices in Shrewsbury, Bromyard, Conwy, Hereford, Ludlow, Oswestry and Telford, so are able to act for clients all over Shropshire, Herefordshire, Mid and North Wales and across the Midlands (including Wolverhampton & Birmingham). As a leading regional full-service law firm, we can represent you wherever you live in England or Wales.
Talk to our dedicated property conveyancing solicitors today.
Meet the team.
Latest knowledge.
Our awards and accolades.
Get in touch.
"*" indicates required fields