Buying a Residential Property
Buying a property? Get the experts on your side.
Buying a property is an exciting time, but it can also be a stressful one. That is why you need to be confident in your choice of conveyancing solicitors.
At Harrisons Solicitors, we are here to look after your best interests. We understand the financial implications of buying a property and want to ensure you invest wisely. We also appreciate how demanding the process can be, and promise to make the entire experience as smooth and stress-free as possible.
Whether you are buying a home, or building your buy-to-let portfolio, we can help you.
As a buyer, your responsibilities are particularly pressing. This is because in England and Wales, residential property is sold on the principle of ‘buyer beware’. This means the onus is on the buyer to check the condition of the property and uncover any issues. Because of this, it is especially important for buyers to have an experienced legal team on their side.
As specialist conveyancing solicitors, we can conduct a thorough investigation of any residential property you are hoping to purchase. This includes checking the title deeds for defects and organising searches to identify potential problems. A diligent approach is vital, or it could have adverse consequences for you and your lender.
Having us handle everything on your behalf removes a huge burden from your shoulders. There is a reason why buying a property is so stressful – it involves reems of paperwork, ongoing discussions with the seller and their solicitor, and a lot of legal complexities. We manage all of this for you, giving you peace of mind that your position is protected.
Buying a property – the process
Every property purchase is different, and sometimes additional steps are needed. However, it is generally the case that once an offer has been accepted, you need to secure a mortgage (if applicable). The lender usually requires that a brief survey is performed. This is to ensure the property is worth the asking price.
Then a conveyancing solicitor should be instructed to carry out the following –
- Get a contract pack from the seller’s solicitors
- Raise pre-contract enquiries
- Organise searches
- Review the results of the pre-contract enquiries and searches
- Report back to the buyer on any potential problems, and resolve them with the seller’s solicitors as needed
- Exchange contracts
- Prepare a transfer deed and completion information form
- Complete the purchase
- Send stamp duty to HMRC
- Register the property in the buyer’s name at the Land Registry
We recommend that you instruct a conveyancing solicitor at the earliest available opportunity. Ideally, this should be as soon as you have had an offer accepted. The sooner you get a solicitor, the sooner you can get the ball rolling.
It does not matter what the size or shape of your intended property purchase, we can help you. We act for everyone, from first-time buyers to those with extensive portfolios. Regardless of the property’s value, our dedicated service remains the same.
Buying a residential property is an expensive business, and we know you might be concerned about the cost of a conveyancing solicitor. We do not want you to face any surprises. So, we are happy to provide you with a free, no obligation quote at the outset. You can also read more about our residential conveyancing costs.
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