It is bound to be very exciting when you finally are able to buy a home. However, the buying process can be a daunting task if you are a first time buyer. Unless you know a lot about property, you might find it a bit confusing especially when it comes to the legal peculiarities of owning the property. Without help, you could also end up being charged too high or getting a property that is not what it seems to be. Conveyancing services come in handy in such situations because the solicitors for first time buyers help you with the legal and even financial procedures of purchasing that property.
Conveyancing can be defined as the legal process of purchasing property and transferring a legal title from the seller to the buyer. It is a process that goes through different stages and your legal adviser or conveyancer will help you with the process. But why exactly are the conveyancing services important and what will your solicitor do?
Legal research on your desired property is what the solicitor will have as a key task when you hire the services. A surveyor will be get to inspect physical aspects of the property while the conveyance will handle the legal aspects related to the same. Some of the areas that your solicitor will look into include:
· Whether the seller really has the legal title for the property
· Whether there could be restrictions that will make it hard for you to enjoy the property
· Boundary evaluations on the land and who owns them
These things do not always come to mind when buying property without professional help yet they are very important. Once your conveyancer is happy with the property, they will go ahead to advise and also assist you with other legal aspects that are necessary for the sale to be formalized and closed for that matter. They will be responsible for:
· Preparing the sale contract with the solicitor representing the seller
· Advising on stamp duty payments
· Liaising with a mortgage lender to help you financially
· Register you with the relevant Land Registry as the property’s new owner
Why hire and how to hire
Hiring the professionals helps you as a first time buyer, not to miss legal issues that can affect property sale and ownership. A failed attempt can be tormenting emotionally and financially, which makes it very important to ensure that you get everything right from the initial stages.
Conveyancers are also very helpful because they help you with the legal procedures you might not know anything about especially as far as property ownership is concerned like covenants and easements. If you are not careful with them, your joy of owning property might only be short lived.
A good solicitor will also give you a pleasant experience when dealing with mortgage lenders. This is considering that most lenders insist on qualified solicitors as a conveyancer to protect interests and ensure a smooth purchase process.
When hiring the services, also consider the qualification, competence and experience of your conveyancer. A result oriented solicitor will make the process very smooth and pleasant for you.