Buying a house, flat or property in the UK can be a daunting process, with many different legal processes to go through before the sale can be classed as completed. The following guide outlines the conveyancing part of the process you’ll go through when buying a house in the UK. We’ll discuss exactly what a solicitor specialising in conveyancing will do to make your house purchase run as smoothly as possible.
Conveyancing is classed as the legal transfer of a house, flat or property from one owner to another. The main reason to employ a conveyancing solicitor is to ensure that the title deeds to the land are passed on properly. As the buyer, it is important that you are involved from the beginning of conveyancing, to ensure that none of the legal process are overlooked as part of the property purchase.
At the very start of the conveyancing process, you will be required by your conveyancing solicitor to sign a ‘Letter of Engagement’ which confirms that you are wishing to use their services.
You will be asked to raise funds to cover searches on the property you wish to buy. These searches will be organised by the conveyancing solicitor and will cover a number of factors:
The conveyancing solicitor will provide the results of all searches and highlight if there are any issues that you should be aware of as a buyer.
You will be required to get a mortgage in place and ensure that you have the deposit funds available for transfer to the seller’s solicitor. A mortgage valuation will take place, which is where the lender will confirm that the property you’re looking to buy is worth the amount of money that you’re borrowing with the mortgage.
Your conveyancing solicitor will ask you to get buildings insurance for your home, as responsibility will switch to you as soon as funds and contracts have been exchanged at the point of sale.
Choosing a conveyancing solicitor is particularly important if you’re a first time buyer with little knowledge of the process. The conveyancing solicitor will manage the house purchase, and ensure that all deeds and documents are Top Tip: Ask for a full checklist or outline of all of the key conveyancing processes that will take place. This way you can be sure of what you will be responsible for as the buyer of the property.
If you are interested or require any information on any of our services then please get in touch for an appointment on:
“It was a fantastic experience to be part of – 15 women coming together, supporting each other for a common cause…. Nothing like it.” Those are the words of Rebecca Wray, who was part of the group of female business minds which scaled Yr Wyddfa (Snowdon) to raise crucial funds for Warrington Youth Zone. Organised […]
Alex Mitchell wasn’t going to let a recent knee operation prevent her from raising key funds for Warrington Wolves Community Foundation. Despite going under the knife in March, the private client specialist at Warrington-based Watsons Solicitors made light work of the Tower to Tower charity bike ride. The team travelled more than 300 miles, taking in […]
Watsons Solicitors has continued to showcase its unwavering support for the community of Warrington. Situated in the heart of the town for more than 65 years, the law firm has stepped up to back an educational trip as well as a key fixture in the fitness calendar. With that in mind, Watsons stepped in at […]
Lauren Soutar and a minibus full of female business minds are preparing to pull on their walking boots for a networking event with a difference. Lauren, a member of the family department at Watsons Solicitors, leads a 16-strong team climbing Yr Wyddfa (Snowdon) on Friday 9 August as part of a fundraising initiative aimed at […]
Watsons Solicitors is a trading name of Watsons Solicitors Warrington LLP a Limited Liability Partnership registered in England and Wales registered number OC386012 whose registered office is 13 Bold Street, Warrington, WA1 1DJ.
Watsons Solicitors Warrington LLP is authorised and regulated by the Solicitors Regulation Authority number 598547.
Watsons Solicitors
Warrington
Cheshire
WA1 1DJ