publication date: Aug 24, 2011
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Selling and Buying a House - The Legal Company
If you are buying and selling a property, you can't use anyone to carry out the legals and many lenders won't let you purchase or sell a property without specialist legal advice. The legals of buying and selling a property are called ‘conveyancing' and a licensed conveyancer or a solicitor can carry out this type of work, BUT they must be doing it day in and day out, if not they may miss things that could affect the property legal advice they give you.
If you are buying and selling a property and need legal advice, then remember there are typically 10 steps to buying and selling a property.
These are the kind of key legal steps you will need property advice on:-
- The type of documentation for proof of identity
- Advice on reading and filling in the property information and fixtures and fitting forms
- Reading and checking the contracts you have as a buyer and a seller
- Issues regarding the mortgage and agreement with your lender if you aren't a cash buyer
- Advice and help on level of deposit and stamp duty
Some legal companies are keen to help you, others would rather not answer or return your calls and just get on with the paperwork! So it's important to find the ones that know you will need help and are keen to answer your calls rather than ignore them.
Over the last ten years of working in the property industry, we have found that the following companies seem to offer the best property legal advice that we have needed when buying and selling. Better still we have also found when we refer customers to these companies, they typically come back to say ‘thanks' and use them again!
Buying and Selling a Property Legal Advice Companies