Conveyancing in Bembridge
Conveyancing involves the legal work and documentation required to transfer a property from the seller to the buyer. If you're looking for a conveyancing solicitor in Bembridge, you're in the right place. Get a fast & proactive solicitor from a nationwide panel of conveyancing experts.
We have years of experience helping homemovers in Bembridge and throughout Isle of Wight handle their sale, purchase, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Buying property in Bembridge
A village on the Isle of Wight, Bembridge is famous for its harbour and its lifeboat station, one of the UK's busiest. Offering seaside charm, it's a popular destination for tourists. Bembridge has a population of approximately 3,600.
Council Tax in Bembridge (2023/24)
Bembridge is in Isle of Wight Council.
What do Bembridge conveyancing solicitors do?
Your solicitor plays a key role after an offer has been accepted. The solicitor will order property searches, raise questions for the seller's solicitor, review the lease (if applicable), and fulfil post-completion formalities, such as paying Stamp Duty and HMLR registration.
Bembridge conveyancing solicitors may also undertake coastal erosion and sea defence checks.
Are you purchasing a property with a mortgage?
Whether you are buying a shared-ownership property or buying a property to let, your solicitor must also complete legal work for the bank or building society.
If your conveyancer isn't accepted on your chosen lender's panel, it could take weeks longer to buy your house.
We work with conveyancers who can represent the vast majority of lenders, including major banks like NatWest, to smaller lenders like Coventry Building Society and Pepper Money, ensuring your transaction will complete without delay.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
New Build
The conveyancing process for purchasing a new build property in Bembridge can be more complex than the legal work required to purchase an established property.
A property lawyer in Bembridge must be able to deal with things like dealing with fast exchange timeframes, ensuring new estate roads are adopted and working with warranty providers such as NHBC, Advantage and Protek.
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Leasehold property
Almost all flats are leasehold. Purchasing a leasehold home will usually take more time than a freehold home as the freeholder and/or managing agent are also involved.
Delays in leasehold transactions could include anything from an unreachable freeholder to slow receipt of the managing agent information.
Our specialist leasehold solicitor team complete the legal work for 100's of leasehold purchases each month, and our proactive approach can mean faster conveyancing.
Selling a property in Bembridge
When selling property in Bembridge, the solicitor will prepare the necessary documentation, including the TA6 and TA10 property information forms and the draft contract. The conveyancer will resolve any potential issues and advise on enquiries sent by the buyer's conveyancer.
Your solicitor will also liaise with key parties, including agents, managing agents and lenders, to help ensure the sale of your property completes as soon as possible.
Does the conveyancing for selling leasehold take longer?
Yes, that's correct, it can take considerably longer to conduct the conveyancing to sell a leasehold home, compared to the sale of a freehold property.
The buyer's solicitor will expect to see this leasehold-related paperwork. These could include three years' filed accounts for the property management and management company information. The time required by the seller's conveyancer to source this information is usually the cause of these delays.
It can take a long time to gather the managing agent's information if it is difficult to contact the agent responsible for managing the property or they are slow to respond, so the seller's solicitor should start this process before a buyer has even been found.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgage in Bembridge
Latest Bank of England base rate now at 4.5% (15 February, 2025)
You should check the solicitor that you want to handle your remortgage is on your mortgage lender's legal panel before you instruct.
Our partner panel solicitors are members of all major lenders' panels, so whether you are changing to a 2-year fixed rate with Bank of Ireland or moving to a capped mortgage with Aviva, our experienced conveyancing team can guide you through the remortgage process.
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Check our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transfer of equity
If you are intending to restructure the ownership of a property, whether you are buying out an ex-spouse after a divorce, transferring the ownership of a property (in part or in full) to your children or inheritance tax (IHT) planning, you'll need to carry out a transfer of equity. Your property lawyer will handle all the required documentation for a low, fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much are solicitors' conveyancing fees in Bembridge?
Conveyancing solicitors fees
Your conveyancing solicitor's quote will set out the legal fees (inc. VAT) that you'll pay when your transaction completes. These legal fees are paid to your solicitor or conveyancer for the legal work that they complete during your transaction.
Disbursements
The conveyancing quote should also include any disbursements, which are third-party costs, including Stamp Duty and property searches.
Check the terms and conditions
Some solicitors' quotes set out additional charges in the small print. This can lead to a higher-than-expected final bill. Watch out for undisclosed fees not included in your original quote, if you are comparing conveyancing quotes.