Buying a new home is such an exciting time, and most people can’t wait to move and start to enjoy their lives in their new property. Signing on the dotted line for the new home is usually the end of much discussion and soul-searching but, in reality, the decision to buy does not mean a home automatically becomes yours. There is a fairly complex process involved in transferring the title deeds to the new owners and registering them as such as the Registry Office. It is for this reason that attorneys who specialise in conveyancing in Reading need to be consulted to conduct the process from start to finish.
What can go wrong?
Unfortunately, while there are some conveyancing transactions that run smoothly, there are also many that are more complicated and require specialist attention. For a start, there are two parties involved – the buyer and the seller, and both will be represented by their own legal people. If there is a problem on the seller’s side, your conveyancing attorney will need to handle this for you. The only real control you have is when the difficulty is in your part of the chain. In this situation, you need to get the lawyer to explain to you exactly what the hitch is and how this can be remedied.
Buyers are advised not to become annoyed if they feel their attorney is holding up the sale. Conveyancing attorneys should be conducting searches on your behalf to ensure that you are truly buying what you think you are in terms of the actual borders of the property, and also to check whether there are unforeseen problems with the property, or future developments that could have a detrimental effect on your new home. There are many would-be buyers who have dropped out of a sale with great relief when factors have been brought to their attention by their legal representative.
Conveyancing is an easier process when the buyer is paying cash; if there is a mortgage involved it becomes more complicated. The solicitor also needs to protect the interests of the mortgage lender. The way the law works is that if a mortgage lender ever needs to repossess a home and discovers any negative conveyancing issues, it is entitled to look to the attorney involved for losses suffered. You can visit here to get more details.
Choosing the right legal firm will give you peace of mind
If you are looking for a conveyancing firm in Reading, knowing how important the process is, you should look for a firm that specialises in this part of the law. It’s always a good idea to ask for quotations before making a decision. Sales of homes fall through when there are problems, so it’s also a good idea to check if the firm has a ‘no move, no fee’ deal – something that could save you a lot of money.
At Harrison’s Solicitors, our qualified conveyancer will handle your complete legal works like Property Settlement, real estate transactions in Reading, UK.