The Benefits Of Using A Solicitor For Buying Property

1. The Benefits Of Using A Solicitor For Buying Property The first time you will ever need to hire a conveyancing solicitor is when you purchase your first home. You may also need them when selling your home, changing ownership or changing your mortgage provider. Conveyancing is a process that includes the documentation and legal transfer of a home or land ownership deeds. Handling the conveyancing yourself is not recommended as it is a complicated process. Property is not cheap, it's often the biggest investment or purchase you will make in your life, so you cannot afford mistakes, along with dealing with disputes over land boundaries or even where to park your car. Using a conveyancing solicitor can save you a lot of frustration and stress. If you are going to take out a mortgage, you must use a solicitor. Conveyancing solicitors are licensed conveyancers, that work at a legal firm, focusing on the buying and selling of property. If you are about to sell your home or are about to make a purchase of a property, then you need to hire a solicitor as soon as your offer is accepted. Usually, your real estate agent can make recommendations, but you can also make your own selection. You can use a conveyancing solicitor that you know, or you can use the internet to find a reputable solicitor to assist you in the process. Conveyancing solicitors handle the contracts. They draw up the documents, which includes the title of ownership. When you sell, they draw up a contract of sale. They deal with the formal mortgage offer and the conditions contained therein, along with the deposit, which is handed to the seller’s conveyancing solicitor. A solicitor will do all the legal work on your behalf, along with offering comprehensive advice on any decisions you make. Maybe you want to add some special conditions to the sale contract, they can provide legal advice and help you achieve what you want to achieve. They will carry out any local searches, this can include identifying if any additions have planning permission, which could be problematic in the future. Sellers are obliged to inform you of any defects to the property before you sign the contract, but they do not have to tell you everything, which is why a local search is imperative, so you know what you are getting yourself into. When the documents are transferred in any property transaction, the land registry or registry of deeds needs to be dealt with. Your conveyancing solicitor will carry out any necessary checks on your behalf. Once an offer to purchase is accepted, it then becomes a sale agreed and the purchaser then pays a deposit to the real estate agent. The details are then sent to your chosen conveyancing solicitor and the seller’s solicitors. The purchaser’s solicitor arranges to have the deposit paid and agree on a completion date for the sale. The completion date is the date you get your keys, and the remainder of the money must be paid and any paperwork must be completed. If you do not use an experienced conveyancing solicitor to carry out the transfer on your behalf, you are putting yourself at risk of costly mistakes. Doing your own conveyancing opens you up to mistakes,

2. which means you will probably have to hire a conveyancing solicitor down the line anyway. Your solicitor should advise you of any potential problems associated with purchasing a property, which could save you money in the long run. They also advise you of any problems that they find in property searches and will advise you of any disputes. About Us: Grant Saw Solicitors LLP is a London based firm of solicitors that caters to private and business clients. The firm has been operating since 1851 offering legal excellence and a modern and friendly approach. They are recognised for their excellence with numerous accreditations. Being members of Law Net, they share ideas and resources. Grant Saw Solicitors LLP are based in Black heath and Greenwich, both offering disabled access. Their extensive range of legal services ranges from tenant and landlord disputes to residential property transfer, commercial property, insolvency, employment, and dispute resolution. Full details can be found at https://grantsaw.com.