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Legal Aspects of Buying a Property

 

After receiving the Home Information Pack for the property you wish to purchase and the Contract from the seller's solicitors, the documentation is checked and any specific queries are raised. If you are taking a mortgage, the lender will appoint a surveyor to determine the value of the property. This is not usually a structural survey and is not certain to uncover defects in the property. If the property you are buying is not newly - constructed, we would recommend that you appoint a surveyor to prepare a full report. If significant defects are found, it may be possible to negotiate a lower price with the seller. For more information on surveys click here.

 

Your bank or building society will send written confirmation of the offer of mortgage advance.

 

Propertymove and its associated estate agency offices working with our panel of Solicitors, lenders, Financial advisors, surveyors and other parties can help avoid delays that can stand in the way of your successful purchase. Members of the team have the experience to deal with problems whether caused by problems on a survey, or enquiries that have not been answered, particularly when there is a long chain of related property sales. Such delays can be minimised by effective communication and keeping all parties informed of proceedings.

 

Legal Aspects of Buying Property

On exchange of contracts, you will be asked to pay a pre-agreed deposit. A moving date is agreed and contracts are exchanged.

 

After you have moved, your solicitor will arrange payment of the stamp duty and, within two months, register your ownership at the Land Registry.

 

We will be pleased to introduce you to a member of our Panel of Solicitor's who will aim to keep you informed at every stage of your transaction.

 

If you would like a quotation for legal conveyancing services click 'Legal conveyancing Quotation'. You will receive from a solicitor a full written quotation, including an explanation of any other payments that have to be made, such as Stamp Duty.

 

Can a Home Move be Stress free...

All properties now coming on the market require a Home Information Pack (HIP). A HIP should have the objective of ensuring you enjoy your property move without the stress of your purchase falling through and the unnecessary costs involved, by providing meaningful information at the time you are deciding to make an offer on a property.

 

Remember like most things in life - Not all HIP's are the same! It's worth checking that the HIP includes searches acceptable to your Solicitor and Lender if you require a mortgage.

 

Before making an offer on a property ask to see the Home Information Pack, so that you can make an informed decision on making an offer.