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Awarded Third Best Conveyancing Firm in the Country 2016! Guiding you through the process Property Legal Services

Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

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Page 1: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

Awarded

Third Best

Conveyancing

Firm in the

Country 2016! Guiding you through the process

Property Legal Services

Page 2: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

Welcome to PLS!Who are we?PLS are a client focused firm and a Top 10 Residential Conveyancing Firm in the UK. We offer an entirely new approach to the provision of conveyancing services. With emphasis on quality and efficiency, we ensure our people understand your needs. We have received recognition for our services over the last year, and have been awarded third Best Conveyancing Firm in the UK at the 2016 LFS Awards.

PLS has over 120 employees based across our two offices in Manchester, and our Central London office, servicing clients nationally.

Clients will have access to the PLS Portal 24/7 which can be accessed via a desktop or any smart device or phone. You will be able to securely log in to your case and track the stages as they happen; you will also be able to receive, complete, sign and return documents via the portal, ensuring a more smooth and efficient process. The PLS Portal 24/7 can be translated into any language and guides you through the process. You will have access to your case 24/7 which makes our service as straightforward and as transparent as possible.

Why us?Here at PLS, we understand that buying and selling a property can be a stressful experience. With PLS, it doesn’t need to be. Boasting experienced teams of conveyancers and solicitors, we will manage your case from start to finish.

We use the most up to date technology including our PLS Portal 24/7 to ensure that you can receive, complete, sign and send documentation whilst on the go. We are also open evenings and weekends so you will always be able contact us.

We are multilingual in over 10 different languages, ensuring we can accommodate your needs for a translator should one be required.

PurchasesSalesNew Build Re-mortgageBuy-to-let

We are Experts in...Transfer of Ownership Help to BuyDeclaration of TrustProperty DevelopmentDevelopment Finance

Page 3: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

The Conveyancing Process:To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property purchase transaction.

1. Buyer makes an offer on the property, which is accepted by the seller.

2. PLS instructed on acceptance of the offer.

3. Buyer arranges a survey on the property, and makes an application for a mortgage (if required).

4. Buyer’s Conveyancer confirms instructions by letter setting out the terms of business and fixed fee costs.

5. Buyer’s Conveyancer contacts the seller’s Conveyancer to obtain the contract pack. Pack often contains searches, a set of enquiries and replies. 6. Buyers Conveyancer checks the contract pack. May raise some pre-contract enquiries, although often the pack provided by the sellers is in a standard form. Buyers Conveyancer obtains a copy of the mortgage offer.

7. Seller’s Conveyancer answer pre-contract enquiries and return these to buyer’s Conveyancer.

8. Buyer’s Conveyancer reviews and reports to the buyer on the contents of the contract pack, pre-contract enquiries, the result of the searches

and mortgage offer. The buyer then considers this report and raises questions on anything that is unclear.

9. When the buyer is happy to proceed, arrangements are made for the deposit to be paid to the buyer’s Conveyancer in readiness for exchange of contracts.

10. Seller provides details of the likely completion date. This can often be a long time in the future as the property may not yet be structurally complete. A fixed date cannot usually be provided and instead it is agreed that legal completion will take place on 10 days’ notice provided by the seller. Contracts are formally “exchanged” - meaning both parties are legally committed to the transaction.

11. Seller’s Conveyancer prepares a transfer deed and completion information form and sends these to the buyer’s Conveyancer for completion.

There are a lot of things to think about when buying your first house, but with PLS’ team of conveyancing experts you can be sure that every stage will be both professionally and thoroughly

Page 4: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

New Build Purchase:

12. The draft transfer deed and a final copy is made. This may need to be signed by the buyer before being sent to the seller’s solicitor for signature by the seller in readiness for completion.

13. Buyer’s Conveyancer prepares a completion statement, carries out pre-completion searches and applies to the buyer’s mortgage lender for the mortgage loan.

14. On completion the Seller’s Conveyancer arranges for access to the buyer and sends the title deeds and transfer deed to the buyer’s Conveyancer.

15. Buyer’s Conveyancer sends the stamp duty payable to HMRC, receives the title deeds, transfer deed and proof that the seller has paid the outstanding mortgage on the property.

16. Buyer’s Conveyancer registers the property in the name of the buyer at the Land Registry.

17. The buyer receives a copy of the registered title from the Land Registry. Any documents required by the mortgage lender to be retained by them are sent on by the Buyer’s solicitor.

T: 0330 0244 536F: 0333 043 9700E: [email protected]: pls-solicitors.co.uk

Buying a new build property is different to the normal house buying process. Often you will be required to exchange well before the property is ready to move into, as developers rely on selling off plots before the development is complete in order to allow them to complete the project ie buying ‘off plan’.

Sometimes, especially in a competitive marketplace where a housebuilder has a waiting list for their properties, you will be given only a few weeks between reserving a property and exchange of contracts, so if you don’t want to lose the new build property you’ve set your heart on. Please contact us quickly so we can be acting on your behalf from day one.

New Build Purchase:

Page 5: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

Fantastic Service, we have had no problems at all with buying our

first home.

Amy

What Our Clients Say....

PLS were recommended to us by our home builder and I’m so glad we went with them. Loved the fact most of the

paperwork was sent electronically which saved a lot of hassle, waiting for post to be sent and received means we could get things processed quickly. The team always replied to emails quickly and were very helpful. I would highly recommend PLS and would definitely use their services again. Thank you for

everything

Bianca Aspinall

First time for my boyfriend and I buying our home, we were very

excited and had lots of questions to ask about the process. From day

one we had everything explained to us, they informed us on what was

needed and kept in contact with us throughout the purchase. Nothing

was to much trouble, I would highly recommend PLS to anyone looking to

buy or sell their property. Lois Ann Dewey

Thank you PLS for your superb service! You helped make the purchase of our first new home easy and

stress free. Charlotte & Alex

Page 6: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

Shared Ownership and Help to Buy

Shared ownership schemes (part buy/part rent) areprovided through housing associations. The buyeracquires a share (between 25% and 75%) of their homeand pays rent on the remaining share. More shares canbe bought at a later stage if and when the buyer wishesto do so and when he/she can afford to.

Shared ownership schemes allow you to buy a newlybuilt home or an existing one through resale programmesfrom housing associations.

You can buy a home through shared ownership if:

Your household earns £60,000 a year or less (or £66,000 a year or less if in London for a home with one or two bedrooms, or £80,000 for family homes of three bedrooms or more)

You’re a first-time buyer

If you rent a council or housing association property,then you will receive priority for buying a home throughshared ownership. Priority is also given to Armed Forcespersonnel.

Local authorities with shared ownership home buildingprogrammes may have further priority groups, basedon local housing needs, such as people already living orworking in the area.

Home Ownership for People with Long-Term Disabilities (HOLD) can help you buy any home that’s for sale on a shared ownership basis if you have a long-term disability.

You can only apply for HOLD if the properties available

You can get help from another home ownership scheme called Older People’s Shared Ownership if you’re aged 55 or over.

PLS have specific expertise in Shared Ownership and Help to Buy schemes and in the added legal complexities that these schemes can involve. We have forged strong relationships with the Help to Buy agencies and this allows us to provide a much smoother and efficient customer experience for all of our clients.

As new build specialists we are on the preferredsuppliers lists for most of the major developers, which means they trust and recommend us to act for their buyers. We are also on all the major lender panels.

People with disabilities

Older people

Page 7: Property Legal Services - pls-solicitors.co.uk · To help you gain a better understanding of the Conveyancing process, our step by step guide shows the stages for a typical property

Get in touch...Manchester PLS House 2 Aegean RoadAltrinchamWA14 5UW

London41 LothburyLondonEC2R 7HG

T: 0330 024 4536F: 0333 043 9700E: [email protected]: pls-solicitors.co.uk DX 314201 Altrincham 4

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