Helping you build solid foundations

RESIDENTIAL PROPERTY

We understand that purchasing a property is usually the most valuable transaction you will make. We are here to make the process as smooth as possible. We offer a transparent and efficient service with the focus on communication throughout the purchase process.

There are three ways of owning property in Jersey: freehold, flying freehold and share transfer. A freehold/flying freehold purchase or sale is completed by the passing of a contract through the Royal Court on a Friday afternoon.

Share transfer is ownership by way of shares in a company which company in turn owns the freehold to the property. The company’s Articles of Association give the shareholder a right to live in a specific part of the property. The purchase is completed by way of a share purchase agreement and not by passing a contract before Court.

FOR A FREEHOLD/FLYING FREEHOLD PURCHASE OUR SERVICE INCLUDES:

• Title investigations into, and inspection of the boundaries of, the property, and the conduct of usual property searches.
• Making enquiries of the seller’s lawyer and considering their responses.
• Reviewing the contract of purchase.
• Advising you in relation to any loan documents and reporting to your lender in respect of the property.
• Dealing with completion by accompanying you to Court or attending on your behalf.

WHEN DEALING WITH A SALE OUR SERVICES WILL INCLUDE:

• Drafting a sale contract.
• Liaising with our client to complete a seller questionnaire.
• Responding to queries raised by the buyer’s lawyer.
• Obtaining a settlement figure for any outstanding borrowing.
• Preparing and reviewing paperwork for completion.
• Dealing with completion as for a purchase.

If the sale involves a share transfer or flying freehold property, then we will also deal with the enquiries needed from the company secretary/association representative and managing agent.