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The department advises private clients on a wide
range of legal issues. In an ever evolving market, we offer well
informed advice in all aspects of residential property law.
Recognising that conveyancing transactions can
be a stressful time for our clients, we work closely with other
professionals and are committed to carrying out the transaction
as efficiently as possible.
Your Purchase, Exchange
of Contracts, Completion •
Your
Sale
Your Purchase
Your Solicitor will need to be advised of:–
- As soon as you have settled on a mortgage
lender with whom you intend to proceed and advise them of any
Broker's name, address and phone number.
- You may be unsure as to whether to have any
form of private survey carried out for your own benefit rather
than the valuation on behalf of your lender which is limited
and only for their benefit, although you may be supplied with
a copy. Whatever type of property you have decided to buy, this
will probably be the largest personal acquisition that you make
and therefore to safeguard yourself from any unknown surprises
after you have completed your purchase you are well advised
to commission a survey report for your personal benefit. Further
advice can be given on the types and sources of economical surveys.
Always advise your solicitor when your survey report has been
received by you and ensure that your surveyor is asked to supply
a copy direct to the solicitor.
- If you are buying a property jointly with
another party give serious consideration as to how you wish
to be registered as the owners of the property following completion.
Further information on this subject is immediately available
upon request.
- Consider as to whether you require any additional
searches to be implemented by your solicitor over and above
the generally obligatory Local Authority Search. i.e:-
(a) Enviromental Residential Search - £39.00
(b) Plansearch Residential – £30.00
(both of these may be beneficial if you are purchasing in
an area with which you are not particularly familiar or, if
you have any specific concerns regarding the locality.)
Should an envirosearch show that a property is in an area affected
by Radon, we are able to provide further information on this
subject.
- When viewing a potential property to purchase:–
(a) attempt to make a mental note as to whether the property
has been the subject of any structural alterations, extensions
or additions and if so what the areas now comprise.
(b) In order for loft conversions to be considered "a habitable
room" they must comply with certain Building Regulation
criteria, further advice available from your solicitor.
(c) have windows been replaced or newly installed? If there
are live fires ask when chimneys were last swept.
(d) pay particular attention to the condition of the boundary
structures (fences) and the line thereof, if there are irregularities
in the physical shape of the plot advise your solicitor.
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Exchange
of Contracts
In the normal
conveyancing process relating to a simultaneous sale and purchase
where there is a mortgage involved it is likely that an exchange
of contracts will not be capable of being effected in less than
four to five weeks of offers being accepted and solicitors instructed.
Completion, however, provided agreed between all relevant parties
in the chain, can be as short or as long a period as required provided
that solicitors are given sufficient time to apply for and receive
mortgage advance moneys from the relevant lenders. If there is a
relatively long chain it is beneficial if you give your solicitor
authority to request the lender to send the advance moneys to them
on the day prior to completion in order that the chain of events
takes place smoothly on the day and your physical move is not inordinately
delayed. This is likely to cost you an extra day's interest on the
mortgage funds.
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Completion
On the day of completion once the Seller's solicitors
have received the purchase monies from your own solicitors the
keys may be collected by you, normally from the Estate Agent through
whom you are purchasing.
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