Buying or selling a property
When buying or selling a property, it is important that the transaction is as seamless as possible.
The legal implications and exchange process can be unclear and without the skills of an experienced conveyancing expert, it can be fraught with potential pitfalls.
Key aspects of the conveyancing involved in buying a house include negotiating the contract and a wide range of property searches. Unwary property buyers can be landed with substantial liabilities.
Joint purchasers will also need to consider what form of ‘tenure’ they want for the purchase, with potentially significant future consequences. Our residential conveyancing team looks into and deals with every detail.
The first step for any property buyer is calculating how much they can afford to spend. Your calculations must take into account the significant costs involved, including stamp duty, searches and professional fees. As well as existing capital and proceeds from any house or flat sale, you are likely to need a mortgage to buy a home.
If you need a mortgage to assist you in buying the property, we strongly advise that you do not exchange contracts until a written mortgage offer is received, with terms and conditions acceptable to you, particularly as lenders requirements can be numerous and complex. We will be happy to recommend an independent financial adviser to provide you with advice.
If you buy a flat, it is generally the case that you will buy a long lease rather than a freehold interest in the flat. The legal process for purchasing a leasehold property is very similar to that for a freehold property, but is often more time-consuming and will also be necessary to examine the terms of the lease.
Most leases are lengthy and complicated and terms need to be considered carefully, particularly in relation to repairs, insurance and service charge issues. Our residential conveyancing experts will explain the terms of the lease and deal with any queries on your behalf.
We have access to the latest technology enabling us to gather and process the often complex and extensive information required to complete your property conveyance quickly. Not using a solicitor with property law expertise can often slow down your transaction and expose you to potential mistakes.
Our fees are generally fixed and the cost information supplied is general and we will provide you with more precise and personalised information including a full breakdown of costs in our client care letter, which you should rely on for such costs information.
Our conveyancers will help not only with handling the legal work involved but will offer valuable local knowledge and advice and can negotiate on your behalf.
Our residential property conveyancing team will make the process easier and more secure, providing complete peace of mind for you and your family, and if you need to sign anything personally or visit us face to face, our offices are easily accessible.
The residential property solicitors at B P Collins LLP are members of the Law Society’s Conveyancing Quality Scheme (CQS).
Widely recognised as a mark of excellence in the home buying process, this status ensures our continued levels of efficiency with consistent standards and service levels, enabling you to recognise our practice as one that provides a quality residential conveyancing service.
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