Solicitors

You’ll need to appoint a firm of solicitors, to act for you when buying or selling a property. These solicitors are sometimes referred to as conveyancers. Your appointed firm will act as your legal representative and protect your interests. if you are buying with a mortgage, they will also carry out any instructions provided by your lender. Always take the time to choose a solicitor you feel comfortable with. Houses are, for many people, the biggest purchase they ever make. See the below information to learn more about the conveyancing process. Please note the below is written as the process is seen from the buyers perspective. Much of the below will not applicable if your solicitor acts on a sale only.
Whats the role of a solicitor?
Your appointed solicitor will guide you through the process, provide advice and communicate with the sellers solicitor. Also, they will carry out a number of checks and report any areas of concern to you. Finally, they will complete the transfer of ownership by registering the title.
Searches
First of all you will complete initial paperwork. Next, you will be asked to pay money on account for searches. These are reports relating to matters such as planning, flood risk, drainage, contaminated land and mining areas (depending on region). You will be notified by your solicitor should they find cause for concern.
Enquiries
Enquiries are questions or requests for information made by solicitors. These can be sent in one sets or in several through the course of the transaction. Enquiries might be answered by the sellers solicitor, the sellers or a management company.
Exchange of contracts
All parties in the chain must agree a completion date. Your solicitor will discuss possible dates with you. Next, your solicitor will exchange the contract you have signed with the contract signed by your seller. If you have a related sale, deposit monies will be received from your buyers. Your deposit monies are sent to the sellers solicitor. The transaction is legally binding at this stage.
Completion

Purchase monies are sent to the sellers solicitor. If you have funds coming from a related sale, these will need to arrive first. Stamp Duty Land Tax payment will be sent on your behalf unless you are exempt. Finally, your solicitor will register you as the owner of the property with the Land Registry.

Please note the above is not an exhaustive list. There are many nuances to conveyancing. Consequently, various problems can arise and delays can occur. We recommended choosing a reputable and locally based solicitor. If you would like us to have some estimates sent you, please complete the form.

For information on mortgages please click here, or for information on surveys click here.