Why You Need A Solicitor When Buying Or Selling Property UK

Property solicitors are a key part of the home buying process. They are trained to spot legal issues that could stall or even prevent the sale from going through.

Their role includes reviewing the property deeds and title, conducting searches (like a mining search or chancel repair reliability search), assessing personal circumstances and exchange contracts.

Legal Advice

As well as handling the legal aspects of property sales, solicitors Glasgow will be able to advise you on any potential issues that may arise. They can decipher complicated legal wording in your property deeds and searches and will be able to give you the advice you need.

Solicitors specialise in different areas of law – some handle general property work, others will be more experienced in dealing with mortgage lenders and other specific issues. It’s important to find a solicitor that suits your needs and has the expertise you require.

Documentation

Solicitors must give their clients clear written information about the costs of the legal services they provide. This can be in the form of a quotation or statement of costs. They must update this if their estimate changes.

If you’re selling your property, there is a lot of documentation you need to have in place. Your solicitor will need to prepare a memorandum of sale, along with several property searches (e.g. drainage, highways, flooding & pollution).

If your home has had work carried out on it, the buyer will want to see documentation relating to this. For example, if you’ve had a boiler replaced, the buyer will want to see evidence that it was installed by a CORGI registered professional.

Completion

Solicitors should have excellent communication and negotiation skills. They also need to be resilient as their job can involve a lot of stress and pressure. They must be able to cope well under these conditions as even small mistakes can have a significant impact on the case’s outcome.

Solicitors are usually specialised in certain areas of law, for example family or property law. They can handle most legal proceedings that aren’t criminal cases. If a case is more complex, they will refer it to a barrister who specialises in that particular area of law. Solicitors will often spend time researching and analysing a massive volume of information before they are able to give clear and accurate advice to their clients.

Settlement

If you’re buying a property, you’ll want your solicitor to register the purchase at the Land Registry and pay any Stamp Duty & conveyancing fees. They’ll also handle the completion of the sale by transferring the money from your mortgage provider to the seller’s solicitor.

Once both solicitors have received the funds, they’ll exchange contracts – this is when you officially become legally bound to buy the property. Your solicitor will then transfer the deposit to your estate agent, who’ll release the keys to you on the day of completion.