When buying a residential property, you can encounter a variety of issues that may set back the process. However, there are a number of things you can do in order to ensure the purchasing of your new home runs as smoothly as possible.
Here at Broadbents Solicitors, we have put together a list to help you through the process of buying a residential property.
How do You Plan to Buy?
Before beginning your house hunt, you will need to consider how you plan to fund your purchase. You can buy a property in a number of ways, including, with cash, with a mortgage and using the Help to Buy Scheme.
If you are setting up a mortgage to buy a property, you will need to ensure that you meet the affordability criteria of your chosen lender. Remember that you will appear more attractive as a prospective buyer if you have your finances in order.
Buying a Residential Property: Legal Requirements
When purchasing a home, you will need to instruct a conveyancer to act on your behalf. A conveyancer will act on your behalf when it comes to all legal aspects of the purchase, including, but not limited to:
Analysing contract papers to ensure the property is a sound investment
Reporting on mortgages
Applying for searches and analysing search results
Checking source of funds information
Reporting to you with regards to the property
Exchanging contracts
Completing the purchase and registering your legal title at the Land Registry after completion.
The sooner you instruct a professional conveyancer to act on your behalf, the quicker your transaction can commence.
Broadbents Solicitors provide expert conveyancing services to help you through the process of buying a residential property.
If you would like more information on the wide range of services we can provide, please contact our trusted team by phone today or fill out our online enquiry form.
