By Frances Traynor
22nd November 2017
Written by Lorraine Imhoff
The solicitors who work with Homeward Legal adopt a proactive approach to conveyancing, helping drive your purchase forward and ultimately helping you to move faster.
When carrying out the conveyancing work for your property purchase, your solicitor will represent your interests and will gather and review all the necessary checks and searches.
Your conveyancing solicitor ensures that the seller has the legal right to sell the property, that the land itself is free from issues, and that all financing is in order.
They will ask the seller's solicitor a number of questions (known as enquiries) about the property's use and history, and carry out important property searches.
Your solicitor must also check the mortgage arrangements, as well as looking after the lender's interest where a mortgage is being taken out.
There is more work and risk involved when representing a buyer, because of the legal principle known as 'caveat emptor' or 'buyer beware'. This means that it is the responsibility of the buyer’s solicitors to raise all pertinent questions about the property. Buyers must be aware that there is no obligation for the seller to disclose anything unless asked directly.
Are you ready to get a conveyancing quote?
There is no obligation, and you will see your quote online rather than having to wait for an email or call. We offer a ‘no move, no fee’ guarantee should you instruct through Homeward Legal.
The following are the keys stages of the purchase conveyancing process once an offer has been accepted:
ID documents and Instruction forms are completed by the client
The purchaser’s solicitor receives contracts from the seller's solicitor for review
The solicitor raises enquiries of the sellers solicitor
Searches are ordered from local authorities, the Environment Agency etc.
Terms are agreed and a date is set for completion
Completion - the day you move in!
Post completion formalities - this is the finalising of the stamp duty payment to the government, registering of the title at the Land Registry and dealing with the final documents to the client.
Whether you are buying a property either as a residence, second home or as an investment, Homeward Legal can help.