Expect A Seamless Property Transaction To Take Place When Using The Skilled Services Of Highly Acclaimed Conveyancing Solicitors For Buying Property

By Author: Grant Saw Solicitors LLP
Total Articles: 22
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A well-established conveyancing team will act on the behalf of a buyer who needs to purchase a property, by guiding the client through each step of the process. Purchasing a home is a costly affair. Therefore, it is advisable to collaborate with an experienced team of conveyancing solicitors, who will be able to provide the necessary information to make an informed and viable decision regarding the transaction. The team of solicitors will assist in the purchase of residential property or investment property.

Once the purchase price is agreed upon, the solicitors will be instructed to act on behalf of their client. The estate agents need to be advised about the choice of the legal team. The solicitors will communicate with the seller/purchaser’s solicitors and take charge of all documentation. This will include property forms with information regarding boundaries, warranties, and guarantees, plus any current disputes regarding the property.

The HM Land Registry title documents if the property is registered, or alternative documents for unregistered properties, which prove the seller’s ownership of the property ...
... and site plan, will also be reviewed by the solicitor.
A fixtures and contents form determines what fittings are included in the sale of the property. These items are attached to the property, both internally and externally. Transparent communication will take place between the buyer and seller’s solicitors, whereby all parties will be informed of the progress. When all queries have been addressed, the solicitor can proceed and start preparing the documents for the exchange of ownership. In exchange for contracts, the date for completion or purchase of the property will be agreed upon, in agreement with the seller’s solicitors.

The buyer can reconsider and decide not to pursue the purchase prior to the exchange of contracts. If you choose not to proceed, costs will be incurred for work carried out during the transaction, as well as any other costs, including survey fees.

After the exchange of contracts, in the case of failure to complete the purchase, it will be seen as a breach of contract. The non-refundable deposit will be forfeited, as well as other substantial damages payable in addition.

The legal process takes an average of four to six weeks on average to purchase freehold property. Leasehold properties will take six to eight weeks on average. A trustworthy property solicitor will be able to work faster if all parties agree to co-operate. A highly acclaimed conveyancing team will be committed to excellent service delivery in a friendly manner and will remain professional.
Solicitors charge a fixed fee for their service, subject to terms and conditions. The fee will be determined by the purchase price of the property, whether it is freehold or leasehold, or whether there is a mortgage involved.
A general guideline has been composed by a recognised group of conveyancing solicitors, with affiliation to the Conveyancing Quality Scheme, for clients who want to buy or sell the property. Accredited CQS members have credibility in the industry and are obliged to provide a certain level of service to clients on an ongoing basis. It also affords them the opportunity to network with industry-related professionals, such as insurers, estate agents, and lenders.

Members of CQS must adhere to certain key principals, including, the integrity of the Senior Responsible Officer and other key conveyancing staff, to make sure that the firm is upholding best practice management standards, as well as adherence to prudent and efficient conveyancing procedures, which is part of the scheme’s protocol.

This guideline will steer clients through the most basic steps and provides them with practical tips from a solicitor’s point of view. The approach taken in the guideline is a practical one and offers solutions to the most common problems that may arise during a property transaction.

About Us:

Based in South-East London, with offices in Greenwich and Blackheath, Grant Saw Solicitors LLP is a well-established, highly acclaimed firm of solicitors, established in 1851. Offering divergent services to individual clients and businesses, this award-winning practice has received the highest accolades for excellence in different segments of its practice. The combination of a glorious history and tradition, intertwined with a fresh modern approach, has led to reaccreditations to ISO:9001, Cyber Essentials Plus, and the Law Society’s Lexcel legal practice quality mark. For more information, please visit https://grantsaw.com.