Whether you’re purchasing your first home or your third, the process can be complicated, stressful, and time-consuming, and if you go it alone, the chances of making costly errors are much higher. Work with a professional conveyance solicitor, on the other hand, and the process will go a lot more smoothly and efficiently.
Here are just some of the ways in which a conveyance solicitor can help you when you buy a new home:
Getting a contract drafted
It’s imperative that a contract, or terms of agreement is drawn up, and this is the first thing that your conveyance surveyor will work to do. Clearly outlined will be the charges and deposit you’ll be required to pay, and then they will communicate with the seller to determine their position and to ask for a copy of the draft contract.
Making sense of the legal requirements
The law surrounding conveyancing can be complex and difficult for laypersons to make sense of,which is where conveyance solicitors come in. With their training, qualifications and expertise, they will scrutinize the draft content and any supporting documents, to ensure that the law is always complied to, and that there are no issues which may affect the purchasing of the property.
A conveyance solicitor will also carry out legal searches to make certain that there are no other factors that could affect your decision to buy the property you have chosen. Vital in protecting buyers from liabilities, they may come at an additional cost, but are usually considered to be worth the money.
Helping you get the right mortgage
Mortgage valuations are important for banks as they help them establish whether you have adequate funds for the loan, and your conveyance solicitor can help guide you through the entire process.
Signing the contract
While signing the contract can be an exciting time, it’s imperative that this isn’t rushed into, and if you work with a conveyance solicitor, they will meticulously go through all the paperwork to check that everything is as it should be, and that you’re going to get everything you expected, before you sign it.
Your conveyance solicitor will meet with the seller to exchange the contracts on your behalf and go on to lodge an application with the Land Registry for the deeds to be transferred into your name. You will then be able to move into the property when the seller has fully vacated it, and your solicitor will send you out a statement with the final amount to be paid.
Assisting with tax responsibilities
Once everything has been signed, your solicitor will then pay your stamp duty and send the documents off to the land registry before sending a copy of the title deeds to the mortgage lender.
For most of us, buying a new property is an exciting time and can herald the coming of a completely new chapter in our lives, but it can be stressful and time-consuming if we do not accept help from a professional conveyance solicitor. Their services are vital for the deal, to run smoothly, and doing so without one, can be a recipe for disaster.