Do You Need to Hire a Solicitor While Buying a Home in UK

Solicitors are responsible for transferring the title deeds and making sure your new home is purchased legally. This includes lots and lots of exact paperwork. Solicitors will make sure you legally own the estate, amongst various other admin duties and searches. You can do conveyancing (the legal process of transferring deeds) yourself. However, it is very time consuming and not recommended. The process is hugely difficult, time-consuming and requires the utmost attention to detail. So let’s discuss its importance.

1.  Hire a Solicitor:

Once you have agreed an offer on your house, you need to get a solicitor or conveyancer to handle the legal work to transfer ownership of the property to you. Your mortgage company might require you to go with one that is on their panel, which might make the decision for you. Don’t necessarily go with one suggested by the estate agent. Work out how much conveyancing will cost you with our guide and use our handy list of questions to ask your conveyancing solicitor to help make your final choice

The solicitor or conveyancer will do the searches, such as with the local authority and Environment Agency, to ensure there are not any major problems with the property.

2.  Searches:

Your solicitor will carry out various investigations and searches for you and your mortgage lender to make sure you know as much as possible about the property before you buy. If anything out of the ordinary is found, they will advise you as to what actions to take. Solicitors in Stockport employs best and provides best customer services and jargon free advice to all customers.

3.  Report on Title:

Your solicitor will prepare the report on title once the replies to enquiries raised and search results are available. It should explain to you the title to the property including obligations, restrictive covenants and rights — i.e. burdens to the property (such as rights of way) and benefits to the property. Essentially, it pulls together in one place the information relevant to the property that your solicitor has collected to date.

Once your funding is in place and, in the case that you are getting a mortgage the offer has been issued and your solicitor has received mortgage instructions from your lender, provided you and your solicitor are happy with everything and your solicitor can satisfy any conditions in the mortgage offer, you can now prepare to exchange contracts.

4.  Read through the Contracts:

Your solicitor will receive the contracts from the sellers’ solicitors and will then read through the contract with a fine tooth comb to make sure everything is right for you. This is why it is very risky (unless you are a lawyer) to undertake all of the paperwork and legal transactions yourself. If you haven’t studied law then you could get yourself into a sticky situation when dealing with contracts! If anything does pop up in the contract which your lawyer is concerned about, they will query this officially. You don’t want to be agreeing to something that’s not 100% right!

About This Author

PhoebeLambert My name is Phoebe Lambert and i am an experienced manager. Joined: January 19th, 2018