If you’re a first time buyer, you won’t have to worry about selling a property before you can move. But you will still need to find an experienced solicitor to carry out the conveyancing on the property you want to buy.
The job of a solicitor or conveyancer comprises the following tasks:
- Obtaining the deeds which prove it legally belongs to the person you are buying from.
- Researching just where the property's legal boundaries lie and passing this information on to you.
- Preparing a fixtures, fittings and contents list which makes it clear whether or not things like carpets or kitchen appliances are included in the purchase price. This enquiry form will also ask the vendor whether they are aware of any material, structural or other defects to the property that you should know about.
- Advising you on a draft contract for sale, prepared by the seller's solicitor, setting out the terms of your purchase.
- Carrying out a search of local planning information to uncover details of any upcoming developments, such as a new road, which could affect the property's value.
- Agreeing a date for completing which suits both you and the property's seller.
Conveyancing may well take longer than you had imagined, but don't be tempted to rush matters. Your new home is probably the most expensive thing you will ever buy, so it is important to be sure there are no loose ends.
Most lenders will be prepared to accept your choice of solicitor, as most experienced solicitors will have acted for the lender in question before. However it can be best to check whether the solicitor is registered and recognised by one of the following two agencies before you get too involved. If they are this is likely to make the conveyancing process much simpler.
To check out your chosen solicitor or conveyancer, just contact:
The Law Society
tel: 0870 606 2566
Or:
Licenced Conveyancers Association
tel: 01245 349 599
If you choose and apply for a mortgage through Charcol, we will provide you with a list of conveyancers who we have worked with and recommend. They are all able to work with you over the Internet, by phone or by post, whichever is easiest for you.
TIP: Just select from our conveyancing partners list on the mortgage application form.
Charcol is not authorised to offer investment advice. We recommend you seek professional advice with regard to these topics if you believe they may affect you.