Buying a new home can be a fraught, time-consuming and complicated procedure
. But with the correct planning and legal help it can be a surprisingly smooth process.
Having found a house you would like to buy and secured a mortgage if necessary to pay for it, your next move should be to find a reputable conveyancing solicitor to see you through the often complex procedure of property conveyancing. Some people decide to try and save money by undertaking the conveyancing themselves, though there is a much higher risk of things going disastrously wrong if you do your own conveyancing; in addition many mortgage lenders will insist on you employing a fully qualified conveyancing solicitor to protect their interests. The seller may also be unhappy with you doing your own conveyancing and may even reject your offer on this basis. Click here for your free conveyancing quote.
Having had your offer accepted, a wise buyer would then have a survey and valuation undertaken to double check that the price being demanded by the seller is fair and that the property has no major defects. If major defects are found they can be used to reduce the price of the property in compensation.
Recently some of the legal pitfalls when buying a house have been reduced by the advent of home information packs. These are provided by the seller and the supply certain basic information about the property, such as, evidence of ownership and local authority searches.
With the solicitors help the rest of the sale should proceed quickly through exchange of contract to completion, when the property becomes yours.