When buying your first home in Southampton, the most important thing you should do is hire a property solicitor. The other time you will need a conveyancer is when you sell your home, change property ownership, and switch your mortgage.
The conveyancing process involves more paperwork and the legal transfer of ownership deeds. You can decide to do the conveyancing on your own, but you are most likely to make mistakes on the way. This might cost you money to correct. Therefore, you should hire specialist conveyancing solicitors in Southampton to take you through the conveyancing process.
Here are the reasons why you need a property lawyer by your side when you’re buying or selling property in Southampton.
1. Handling the contracts
Handling the contracts is one of the essential tasks a property solicitor will do on your behalf. This process will also include the Transfer of Ownership. A Contract of Sale is drafted in case you are selling a property.
The property solicitor will also help in processing the mortgage and other conditions on behalf of their clients. He also makes a deposit handed over to the seller’s solicitor.
2. Offer legal advice
When buying a home, a conveyancing solicitor does the legal work on your behalf. The solicitors will advise you accordingly on any decisions that you make. For instance, the advice could include the special conditions you want to be added to the contract of sale.
Again, if you want other issues that arose in the search to be included in the agreement to protect your rights, a property solicitor will greatly help you.
3. Carry out local council searches
When buying property in Southampton, you have to carry out local searches on the property. The property seller should inform the buyer of any underlying issues they should beware of before signing a contract of ownership.
However, the seller does not have to tell you everything about the property. That is why you should conduct a local search when you plan to buy any property in Southampton.
Your property solicitor will conduct the local search on your behalf, helping you get answers to all the questions that may arise.
4. Dealing with Registry of Deeds
You can deal with the documents transferred in a property transaction using two different systems: the Registry of Deeds and the Land Registry. When you have a conveyancing solicitor to represent you, he or she can choose which system is the most appropriate for dealing with your case.
5. Organizing the finances
The role of a property solicitor in the conveyancing process is to ensure their client’s interest is fully covered in the contracts. It means the property solicitor will ensure that you are pleased with the terms of the contract.
They can help you find different types of mortgages or funding available to set up the financial arrangements. The worst that can happen to you is getting locked into a mortgage that doesn’t suit your needs. Your property solicitor will research the best mortgage and help you with the financial arrangement when buying property.
6. Peace of mind
A property solicitor does more than represent your interests in discussions with the seller. When you hire a property solicitor, they give you peace of mind, taking charge of the entire documentation, negotiations with the seller, mortgage, and contracts.
Hiring a property solicitor reduces the workload when conveyancing and this relieves you of the stress.
Final Thoughts
When buying property in the UK, you should first hire a property solicitor to represent you. A conveyancer or property solicitor is trained and experienced in handling searches, mortgages, financial arrangements, drafting contracts, and much more.
You simply speed up the conveyancing process when you have an expert conveyancer in your team.
