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There are many legal matters to take into consideration when moving home. A legal service provider can steer you through the process and help avoid costly mistakes. Here is some basic advice and guidance to help inform your choice of legal expert.
Conveyancing is the process involving the legal transfer of a property from a seller to a buyer. It starts when an offer on a property is accepted and becomes legally binding when contracts are exchanged. Completion takes place when monies are transferred and the keys are released.
Buying a property can be a stressful and complicated process. While it is possible to deal with your own conveyancing, it is advisable to use the professional knowledge and expertise of a legal representative to ensure that the legal matters are dealt with correctly.
In a property purchase, your legal service provider will make all the necessary legal investigations and searches for you and your mortgage lender to ensure that you have full information about the property before you enter into a binding agreement with the seller. Your legal service provider will complete your purchase on the agreed date and will register your name as owner at the Land Registry after completion.
The conveyancing process typically takes 6 to 8 weeks. There may be delays caused by various factors, such as if you or the seller is in a chain.
It is worth considering a number of factors when choosing a legal expert to assist you with the purchase of a property. You may wish to consider the location, reputation and cost of a firm. Answer a few short questions now and start comparing legal service providers based on what matters most to you.
Legal service providers typically charge fixed fees for the purchase of residential properties. The price may depend on the value and location of the property.
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Buying a Property