The Legal Guide To Buying a Home in the UK
Residential Conveyancing Solicitors Harrow, Uxbridge, Ruislip, London.
Whether you are a first time buyer, looking to move to a bigger property or looking to invest in the property market buying a home is one of the most important and exciting purchases one can ever make. However, amidst all the excitement, purchasing a residential property can also be an extremely stressful and confusing experience for many. In light of this, the Sethi Partnership have always providing thorough, reasonably priced residential conveyancing services, in which we do our utmost to keep the client informed at every stage of the conveyancing process. In light of this aim we have provided a short and simple guide aimed at breaking down the legal process behind purchasing a home as clearly and with as little legal jargon as possible.
What Is Conveyancing?
In a purely legal sense, conveyancing is the legal process of transferring the legal title of a property from one person to another. The legal title is a document which grants ownership rights over a property and in most cases is evidenced by entry onto the land register.
In practical terms, most modern solicitors who provide conveyancing services, the Sethi Partnership included, will provide expert legal advice to their client at every stage of the of the house buying process.
Researching The Property
One of the key roles a solicitor will undertake during the conveyancing process is to conduct thorough research into the property before any contract has been drawn up and any money has exchanged hands.
Whereas as a surveyor will conduct searches of the property with the aim of ascertaining the property in regards to its construction, build or for any repair issues, a solicitor’s research will look into whether there any legal issues with the house that may affect the sale.
A solicitor will check to see if the person offering the property for sale is actually the registered owner of the property, ascertain where the boundaries of the land lie, whether there are any easements or restrictions over the land which may affect your enjoyment of the property. If Add New your solicitor finds anything out of the ordinary with the property they will then advise you on the necessary legal steps you will need to proceed with the sale.
Once your solicitor has made all of the necessary investigations and any legal issues that may have arisen have been resolved, the next stage will be completing the sale of property. This is the stage referred to colloquially as the “exchanging of contracts” and involves your solicitor drawing up a legally binding contract for the purchase of the property in question between you and the seller.
The Completion of the Sale
Once contracts have been exchanged and funds have been transferred there are still a few more steps a solicitor will take to help you in the successful completion of the sale. This will include helping you to pay stamp duty tax on the property and registering you as the new legal owner of the property on the Land Registry.
To find out more information of how the residential conveyancing services the Sethi Partnership Solicitors provide click here.
“This document is for informational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.”