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We can help you with all the legal concerns you will encounter when selling your property.

TLS Solicitors deal with all aspects of residential and commercial Freehold and Leasehold conveyancing, including re-mortgaging, transfers of equity and equity release schemes.

The main points you may want to consider and use our specialised conveyancing team for are:

The Property Selling Process

Once you’ve accepted a buyer’s offer for your property, the exchange of contracts and completion begins.

This process puts in place a legally binding contract between the seller and the buyer with a date for completion, when a deposit is usually paid to your solicitor by the buyer. The completion date is the date where the title to the property and the money is transferred and the buyer takes possession of the property. Until the contracts have been exchanged, either you or the buyer can pull out of the deal without it costing you anything. However, once the contracts have been exchanged, if your buyer is unable to complete the purchase you will likely be entitled to keep the deposit. If you fail to complete, the buyer will get back their deposit and you will also have to pay a claim for compensation.

The TLS Solicitors conveyancing team can simplify the process for you and guide you through the exchange of contracts through to completion.

Tax issues relating to the property

If you’re selling a property that has gone up in value and is not your main residence, Capital Gains Tax may be due on the amount in which it has risen. TLS Solicitors can assist in determining if any tax is due.

Consequential change to other legal documents

You may need to make some changes to other legal documents as a result of selling your property, such as your will. The TLS Solicitors team can also assist with this process.

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