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A Beginners Guide To Conveyancing

05 July 2022 / Corporate News

You have put in an offer and now you want to complete the sale, but becoming the new legal owner of a property requires a series of important checks and balances, legal and financial formalities. By being well prepared you can optimise the process to your advantage.

It can take anywhere between 6 and 12 weeks from the day your offer is accepted to getting all the paperwork completed and queries answered, even where there is no chain, and the following areas will help you get what you need in order. Preparation. Finance, The Offer, Completing The Sale.

Research & Find: Buying a home? You need a conveyancer. They will help negotiate the best deal and ensure all legal matters are in order. They will also explain any complex terminology so that what is happening is clear at every point of the purchase journey. Losing a deal is expensive, so it’s worth taking the time to find the right person for you.

Friends and family recommendations and references will help you find a reliable provider. Stirling Ackroyd recommends that you research many, choose three and then select the best one based on a combination of recommendations and results.

Taylor Rose MW are an independent firm of specialised conveyancing solicitors who are routinely recommended by developers and estate agents like us at Stirling Ackroyd. If you’d like more information about conveyancing or you’d like to be introduced to Taylor Rose MW, please get in touch with Stirling Ackroyd today.

Buyer To Prepare & Share: Mortgage lender details; proof of your ID; specific questions you would like them to ask the seller; complete mortgage application forms; respond to solicitors’ seller queries; deliver key documents urgently; check the seller’s responses and discuss with conveyancer.

Conveyancer Will Investigate: Who owns the properties boundaries, have they had problems with neighbours, are any fixtures and fittings included? Are there any building guarantees or certificates that relate to the property? Check copies, planning permissions and building regulation certificates; does the seller own the property? Prepare a Report on Title; check local authority searches and plans for the local area; pay stamp duty tax due; arrange registration of the title in buyers name.

Questions & Answers: When would you like to exchange contracts and complete? Can you arrange regular progress updates? Do you need an Environmental Search to check for factors such as flood risk, radon levels and local mines in the area?

The golden rule is to Ask. Ask.Ask. Never be unclear about anything!

With half a million home-sales sitting between offer and competition currently, in 2022 conveyancing delays really must be factored into your life plans as your property plans take shape, especially if you have to vacate the home you are selling to make the onbound move. For sound conveyancing advice, speak to a Sales Branch today. We can guide you through the buying process. 

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