Buying your home is likely to be one of the most important financial transactions ever, requiring careful thought and planning. Unfortunately the legal aspects of transferring the title of a property from one owner to another are often full of uncertainties and can be very tricky. Nevertheless they are unavoidable.
This is where your solicitor comes in. His job is to remove this burden from your shoulders, to ensure that you get what you are buying without any unpleasant surprises, that you are able to move into your house on an agreed date and that it belongs to you legally when you do so. It is much more than just a completion of formalities; the solicitor's role is also to help, recommend and smooth the path to a successful conclusion.
Your Solicitor will examine the draft contract and look closely at areas of possible concern. Does the person selling the property have legal ownership of it? Is there a possibility of someone claiming the right of way across your land? Are there any local development plans which could affect your property?
Only when your solicitor is satisfied that the way is clear will they recommend that you finally commit yourself to the purchase.
At this point a date for completion is agreed between the seller's solicitor and your own, sometimes a complicated business if your purchase involves a "chain" of perhaps several house transactions which must all be scheduled on the same day. Contracts are signed and exchanged, and you will be required to pay a deposit, normally 10%. Both parties are now committed to the sale. Thereafter your solicitor will see that the property deeds are delivered to the rightful owner (yourself or your Building Society), that the necessary stamp duty on documents and fees are paid to the land Registry and that you are entirely free to take possession of your new home on the agreed date.
It is possible that you never have used a solicitor before (if, for example, you are a first time buyer) and we will be pleased to recommend you to several firms of solicitors with whom we work closely within the area.
Please ask for a free solicitors quote when you have a sale agreed. Call 01484 644555
"Just thought I would drop you a line and take the opportunity to thank you and the team at ADM Residential for all the hard work and support you have provided over the past 5 years looking after both residential property letting and property purchases for me. Acting as the managing agent, its reassuring to know that your knowledge and experience has ensured that ADM have not only my best interests at heart but also that of the tenants, creating a mutually beneficial and effective partnership for all involved. The dedication of the team at ADM is to be admired and they have been a huge help, dealing with any issues that arise, liaising with trade professionals, ensuring any problems are dealt with both effectively and quickly. I can highly recommend the services of ADM Residential to any prospective landlords and home buyers. Thanks again."