How We Work
At Capital Property Lawyers, we provide expert legal services for purchasing and selling residential properties in Southport. Our dedicated team ensures a seamless and stress-free experience, guiding you through every step of the process. Whether you're buying your first home or selling a property, we offer personalised support and professional advice to help you achieve your goals.
Buying A Property
Discover how Capital Property Lawyers simplifies the home buying journey with our streamlined conveyancing process. From initial setup and securing finance to thorough due diligence and final registration, we ensure a smooth and informed transaction every step of the way.
1. Initial Setup
Begin by providing your personal information and details about the property you intend to purchase, and complete your identity verification seamlessly online with Capital Property Lawyers.
2. Securing Finance
If purchasing the property outright isn't an option, obtaining a mortgage is necessary. Capital Property Lawyers assists you in demonstrating your payment sources, typically through bank statements, to facilitate this process.
3. Due Diligence Reports
Our standard service includes a local authority search report to verify compliance with planning and building regulations and determine council responsibility for road maintenance. We also provide a water and drainage search report to confirm municipal water and sewer connections, and an environmental search report to evaluate risks like soil contamination, instability, or flooding.
4. Preparing Contracts
We receive preliminary contracts from the seller’s lawyer along with the property details from the Land Registry and additional seller disclosures. Details from any involved management company are also forwarded.
5. Structural Survey
Capital Property Lawyers recommends that all clients conduct a property survey in addition to any mortgage-related assessments, focusing on potential issues identified by your surveyor for legal consideration.
6. Addressing Concerns
We liaise with the seller’s lawyer to resolve any legal discrepancies related to the property, sometimes involving your mortgage lender or management company, particularly for leasehold properties.
7. Comprehensive Review
Capital Property Lawyers compiles a thorough report detailing everything discovered about the property, ensuring you are fully informed to proceed. This is also the time for any final queries.
8. Agreement Finalisation
Once the move-in date is agreed upon and contracts are pre-signed, we finalise the agreement through a phone call with the seller’s lawyer, committing you to the purchase.
9. Completion Process
On the day of completion, Capital manages the final monetary transactions and ensures you receive the keys to your new property.
10. Legal Registration
We register your purchase with the Land Registry, which officially confirms your ownership and alleviates the need to safeguard physical deeds. The registration duration varies, but can take from between 12 - 24 weeks.
Selling A Property
Selling your property is made simple with Capital Property Lawyers. Our streamlined process covers everything from initial registration and contract preparation to final completion and financial settlement. Trust us to handle the details and ensure a smooth transaction every step of the way.
1. Registration
Initially, please provide us with your personal information and details about the property you are selling, along with completing identity verification, all of which can be done online with Capital Property Lawyers.
2. Contract Preparation
Capital Property Lawyers will prepare and compile a contract, retrieve the property's Land Registry records, and forward these documents to the buyer’s lawyer.
3. Submission of Property Information
You'll need to submit detailed property information and necessary documents online through Capital Property Lawyers. We'll review your submissions for completeness before sending them to the buyer’s lawyer.
4. Management Information
For properties with service charges, request your management company to compile a comprehensive information pack. Capital Property Lawyers will send this documentation to the buyer’s lawyer to demonstrate proper management.
5. Financial Statements
If the property is secured against a mortgage or loan, we will acquire and prepare the relevant repayment statements.
6. Addressing Enquiries
The buyer’s lawyer will examine the documents we provide and may request clarifications on certain aspects. Your input, or that of the management company, may be required, especially with leaseholds, where resolution tends to take longer.
7. Contract Exchange
Once you and the buyer have agreed on a move date and signed the preliminary contracts, Capital Property Lawyers will facilitate the contract exchange via a phone call with the buyer’s lawyer, confirming your intent to sell.
8. Final Steps to Completion
On the day of completion, we ensure all financial transactions are settled, and you have vacated the property. The buyer receives the keys. Any outstanding mortgages or loans are cleared, and the remaining funds are transferred to you or allocated towards your next purchase.
Remortgaging Your Property
Remortgaging your property is simple and stress-free with Capital Property Lawyers. Our experienced team provides personalised attention and expert guidance from start to finish. We handle everything, from initial registration and obtaining essential documents to reviewing mortgage offers, ensuring clear communication and support throughout the process. Trust us to make your remortgaging experience smooth and hassle-free.
1. Registration
Begin by providing us with your personal details and information about the property you wish to remortgage. Complete your ID verification easily online.
2. Land Registry Documentation
We will acquire the necessary documents from the Land Registry and confirm the details. This step is essential for your new mortgage lender, as the property is new to them.
3. Conducting and Reviewing Searches
We will carry out and review all required searches to supply your new lender with comprehensive information about the property.
4. Obtain a Redemption StatementInformation
We will obtain a redemption statement to determine the amount that needs to be cleared on your current mortgage.
5. Mortgage Offer ReviewStatements
Secure an offer from your new lender, which typically includes a valuation survey. We may need to ask you additional questions to ensure all conditions of the offer are met, particularly if the property is company-owned.
6. Finalisation
On the day of completion, we ensure all funds are received. After settling any existing mortgages or loans, any remaining funds will be transferred to you.
Capital Property Lawyers is the trading name of CPL Transactions Ltd (Company No: 15648066) who are contracted to provide their services through Parity Legal Limited (Company No: 11641910), a law firm authorised and regulated by the Solicitors Regulation Authority under SRA number 658977.
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