If you are preparing to buy your very first property and you
are not quite sure what conveyancing involves or whether it is something that
you need to be worried about, this short guide should help to put your mind at
rest. In it, we have included basic information on the whole process, gleaned
from an informal interview with our conveyancing
solicitors in Leeds. If, after reading the guide, you have any questions
you would like to ask, please feel free to contact us at
your convenience.
What Does Conveyancing Involve?
Whether you are about to buy a home in the centre of Leeds
or York, or further out in a village such as Colton, there are certain
procedures that will need to be followed before you can complete your property
purchase. Our conveyancing solicitors in
Colton
can help you with these if you would rather not attempt to go it
alone so please do not hesitate to contact us if you need any assistance. Most
people do employ a solicitor to complete the necessary paperwork as it can be
quite difficult if you are not familiar with property law in the UK.
- Property Searches –
Various enquiries should be made before buying a property in Leeds, York
or the surrounding area, to ensure there are no hidden issues that may
cause problems in the future. If you work with an experienced solicitor in Colton
from our team,
he or she will make sure that there are no pending planning permission
decisions that may negatively affect the value of your new home, any
issues that may prevent you from connecting to the local drains, or any
other potential problems waiting to surprise you after the purchase has
been completed.
- Reviewing the Contract of
Sale – The seller of the property you wish to buy will have a contract of
sale drawn up by his or her solicitors. It is a good idea to have this
contract reviewed by a local property law expert, to make sure that all
the terms and conditions are fair and equitable. A contract of sale will
be required for any property transaction in which you are involved, from
the purchase of a small apartment in Leeds city centre to the acquisition
of a large tract of land in Tadcaster. With this in mind, we recommend
hiring a competent solicitor in
Leeds
or wherever you are based, before you proceed with any type of
property purchase. Once the contract has been finalised you will need to
pay a deposit and both you and the seller will be issued with a copy: this
process is known as exchanging contracts.
- Transfer of Deeds – After
the exchange of contracts comes the moment when the title deeds to your
new property are transferred into your name, which is known as completion
or closing. Your solicitor can handle this, along with the transfer of
funds to pay the outstanding balance.
Pop in to see us at 64-66 Austhorpe Rd, Leeds LS15 8DZ if
you wish to discuss our conveyancing services in detail or call us on 0113 232
1919.