Loan & Mortgage Advice​

Explore our other services

UNDERSTANDING IS UNDERRATED

Most buyers are unfamiliar with the finance process and what documents they will be signing.
For a competitively priced fee, our solicitors will provide advice on loan and mortgage documentation which your financier requires you to sign.

CONVEYANCING LEGAL COSTS EXPLAINED

Understanding conveyance and legal costs when buying is a critical first step in making the right choice for the correct solicitor to suit your transaction.

Your purchase involves professional legal fees, search costs and Government charges, namely transfer registration fees and transfer duty.

While some property buyers contemplate undertaking the legal aspects of a property purchase themselves, it is generally recommended that buyers seek the advice of a solicitor.

The conveyancing process (the legal aspects of buying and selling a property) can be extremely complicated, particularly in light of shifting legislative requirements. The good news is that a solicitor can steer you around the potential legal pitfalls that may arise when buying property.

Don’t be fooled into thinking you can handle a property transaction yourself. An experienced solicitor can safeguard against hidden problems you may face along the way, and ensure that you are carrying out the necessary property searches and accessing any duty concessions or exemptions which may be available.

CONVEYANCING PROCESSES ON A STANDARD CONTRACT

  • Reviewing the contract of sale

    Our first role is to review the contract and communicate the terms and conditions to our client. This includes references to the contract particulars, the use of the property; any special conditions, including timing deadlines; purchase price and settlement date; deposit and payment date; matters relating to the title (i.e. references to land covenants, easements and so forth).

  • Supplying a Costs Estimate

    This is confirmation of our fee for the standard conveyancing procedures, and fees for any variations that may be applicable. It will also include references to other out-of-pocket expenses including title and other property searches, certificates or meter readings.

  • Conducting property searches

    We will carry out all standard conveyancing property searches and investigations and advise you of the results, together with your rights in relation to those results;

  • Drawing up a Transfer of Land

    Once your Contract is unconditional, we prepare the land Transfer documentation which will eventually register the property in your name. The seller signs this document and returns it to us pending the settlement date.

  • Supplying copies of signed documents to the financier

    This includes the contract of sale, Transfer of Land and search results, which allow the mortgage to be arranged. May witness the purchaser signing the mortgage documents, however a fee will apply if you require legal advice.

  • Lodging a Priority Notice with the land authority

    This protects the purchaser’s incoming interests in the land until such time as the Transfer registers.

  • Preparing a Settlement Statement (adjustment of purchase price for rates, outgoings and other charges)

    This gives the borrowing party understanding of the financial impacts of the transaction.

  • Arranging settlement with all parties

    We represent the purchaser at the settlement with the purchaser’s financier and the vendor’s representatives.

  • Arranging payment

    We will liaise with the purchaser to determine funds available for settlement, and attend to any arrangements regarding the provision of funds for settlement.

  • Post- settlement

    We will attend to notifying the Council of the change of ownership, lodge your Transfer for registration (usually a financier collects the Transfer at settlement and is responsible for registration), provide you with written confirmation of the settlement, and liaise with the agent for the release of keys and deposit to the seller (unless received at settlement).

WITHIN OUR SCOPE

Some conveyancers deem the following tasks outside the scope of normal conveyancing: the completion of government forms for stamp duty assistance (for example, when applying for a first home buyer concession or a pensioner concession); changes to any contract terms and conditions; nomination of an additional or alternative purchaser; and lodging a caveat to protect buyer interest. We do it all.

Explore our other services

Transfer Duty​

In Queensland, when you buy property you may have to pay transfer duty (AKA Stamp Duty).

Commercial Transactions

Our experienced team ​can assist with all forms of commercial conveyancing. From office buildings to...

×