Moving house – the stress, the worry, the endless documents. Whether you’re a first time buyer or property investor, things can be far from plain sailing.
That’s where the lawyers at Free Legal Advice come in. Simple, straightforward solutions based on your conveyancing needs. It really is that easy. No complicated jargon – just practical legal support.
What is conveyancing?
Conveyancing is the legal term given to the sale or purchase of a property. As soon as you have accepted or submitted an offer you will need the assistance of a conveyancer. A conveyancer is a specially trained legal representative who will handle the documents needed to the transfer of ownership of the property or land. This will include the drafting of contracts clearly stating any charges or deposits.
Buyers
A conveyancer will take care of the following:
- Home duty
- Land charge searches – does the council have any plans for your area? A local authority search will alert you to any plans that will impact your use of the property.
- Land registry – searches needed to prove the sellers ownership or land.
- Local search – searches related to the location of your new home.
- Stamp duty – the tax charged when you buy a home.
Sellers
For sellers, a conveyancer’s role is slightly different.
Once an offer has been made you will need a conveyancer to draw up a draft contract. This will be sent to the buyer. When the terms have been accepted your conveyancer will exchange contracts with the buyer. This is a legally binding contract – you can not pull out of the chain after this point.
On completion day your conveyancer is responsible for:
- Providing proof of ownership
- Receive outstanding sale price
- Paying off any mortgage on the property from the sale
Still uncertain?
Don’t be. You do the packing and let us take care of the rest. Our legal advisors can take you through the process, identifying any hidden pitfalls along the way. No stress, no worry – just happy home owners.
Simply submit your question and we can start the process of helping you. Whether you’re buying or selling, conveyancing guidance from the team at Free Legal Advice can provide you with the support you need.
For legal advice at your fingertips, contact our advisors today.