Providing a helping hand for your home move
The conveyancing process - the legal transfer of property from seller to buyer - is complex and can be rather stressful, whether you’re a first time buyer or a seasoned home mover upsizing or downsizing. Even when you think you’ve found the perfect home and agreed on a price, there are a multitude of legal procedures which need to be completed before you can move in - and the conveyancing process can take several weeks or months, often being slowed down by a “chain” of buyers and sellers. The residential property team at W H Matthews & Co understand the importance of what is likely to be one of the biggest transactions in your life and we are here to guide you through the whole conveyancing process, safely through the exchange of contracts and finally to completion, ensuring that your transaction proceeds smoothly, quickly and with the minimum of fuss. We are proud that when you instruct us your case will be dealt with by one specialist conveyancer, thus ensuring continuity throughout the entire process. With regard to fees, we believe that transparency is vital and are more than happy to provide a clear estimate of costs and expenses for your proposed transaction at the beginning of our business relationship.
Extending your leasehold or buying the freehold
A large number of homes in the UK, especially flats, are sold as leasehold properties. If you buy one of these, what this means is that you (as a leaseholder) do not own the property outright, but instead have a landlord (a freeholder) to whom you generally have to pay an annual ground rent. Although many leases are very long (often over 90), they can be a lot shorter and extending the lease can be very expensive. It is normally prudent to extend a lease before there is less than 80 years of the lease term remaining. Sometimes leaseholders decide to purchase the freehold instead of extending a lease - this is called “enfranchisement”. Although enfranchisement can pay dividends in the long term, it’s a tricky process, fraught with many legal pitfalls. Our team of professional property solicitors can handle the process of either extending your lease or helping you and the owners of other flats in the building collectively to purchase the freehold in a process known as collective enfranchisement.
Advice on remortgaging
Whether you’re looking for a better mortgage deal, want to change your lender, or own a property and need to borrow money against its equity value, it will be necessary to remortgage your property. Whatever the reason you want to remortgage, the property team at W H Matthews & Co can explain the process and advise you on achieving your aims, handling all the legal work and ensuring that your interests are protected. To discuss any residential property matters and find out how we can help you, give us a call.