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Quick Guide To Conveyancing
Despite the recession and decrease in property prices, people will always move house, even in 2009! To make this process as simple as possible,[link widoczny dla zalogowanych], it is good to understand what is involved what needs to be dealt with. One of the key processes of buying and selling a property is called house conveyancing.
But what actually is convenyancing and what do you need to be aware of when you are buying a home?
Conveyancing is the legal transfer of a property from one person to another. The property as a result can be leasehold or freehold depending on various things.
On behalf of the buyer,[link widoczny dla zalogowanych], the conveyancing solicitor or licenced conveyancer must ensure that he or she obtains 'title' to the land; i.e., that the person selling the property, has the right to sell it and that there are no factors that would obstruct a mortgage or a re-sale of the property.
So, already we have mentioned the words ‘convenyancing solicitor’ which as you have probably guessed, means you will need one if you want to buy a property,[link widoczny dla zalogowanych]!
The role of a conveyancing solicitor is to look after all the legal aspects of moving house which includes: Local search, Land charges search, Land registry and Stamp duty. (Solicitors are not required to oversee the Home information packs but may look at them for reference; they usually tend to commission their own searches!)
It can be quite a challenge to find a solicitor that offers a really reliable and efficient service so the first thing to do is some research – preferably as early as possible, to find the right one for you. Once you have got some quotes, negotiate and agree on a fixed and final price for the work needed. This should include a clear breakdown of what’s included and there should be no last minute hidden extras.
Only sign a contract when you have seen the absolute final costs and breakdown in writing so you do not have to pay for extra hidden costs. Make sure you also have direct access to your qualified conveyancing solicitor who should be both responsive and informative,[link widoczny dla zalogowanych], as this is a big purchase and you should expect a first rate service to help you! Do not be afraid to ask what each stage means and involves and what is required from you. Ask for explanations of any legal terminology or jargon you are not sure about or you simply do not understand.

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