The eight key stages when buying a house

You may be about to embark on the thrilling journey of purchasing your dream home, and while we understand that it can be a confusing and daunting process, especially if you’re a first-time buyer, but fear not!

Our legal partners Slater Heelis are not just legal experts in the property market, they're also your trusted partners who genuinely care about making this experience as stress-free and enjoyable as possible for you.

Slater Heelis's team of experts have been guiding clients through the ins and outs of the UK property market for years, helping them buy and sell their homes with confidence. Here are eight ways our team will support you in your home-buying adventure:

Conveyancing

Conveyancing is a crucial part of the home-buying process, and our team at Slater Heelis has extensive experience to ensure that it goes smoothly. At Slater Heelis, we help you to make sure all legal requirements are met and that you are protected throughout the transaction.

This includes but is not limited to:

• Drafting and reviewing contracts: We will prepare the necessary legal documents, including the contract for sale, and ensure that all terms and conditions are clear and fair for both parties.
  
  
• Communication and negotiation: Our solicitors will maintain clear and open communication between all parties involved in the transaction, including the buyer, seller, mortgage lenders, and estate agents. We will negotiate on your behalf to ensure you get the best possible outcome.
  
  
• Managing funds: We will oversee the financial aspects of the transaction, including managing the transfer of the deposit and purchase funds, as well as ensuring that all necessary fees are paid.

Property Investigation: When investing in a property, it is crucial to know exactly what you are getting. Our team will conduct a thorough investigation, including reviewing the title deeds advising you of the covenants affecting the property (things you can and cannot do) as well as providing information about rights of way. We also carry out searches which will reveal issues such as, is the property a listed building, is there a tree protection order in place, or if there are highways or planning decisions that could affect the property.

We can then report back any issues or causes for concern, so you can make an informed decision.

Stamp Duty: Stamp Duty Land Tax is a levy paid when you buy houses, flats or other land and properties above a certain price. Our solicitors will help you determine the tax rate based on several factors, such as (for example) whether you are a first-time buyer, in which case the rate is reduced.

Exchange of Contracts: We will negotiate contract terms and clarify their implications on your behalf, ensuring you fully understand the fine print before proceeding with the transaction. You will not be caught off guard by any unexpected surprises.

Completion: When the transaction is complete and the agreed value is transferred to the seller, you will hear from us. It is time to celebrate! Collect your keys from the estate agent and step into your new home.

Property Ownership: Our team will search the Land Registry to determine if the property you are purchasing is freehold or leasehold and explain any obligations that come with owning the property.

Mortgage: Navigating the complex world of mortgages can be challenging. Our lawyers can digest and report on your mortgage offer, so you know exactly where you stand with your home and lender.

Ready to start your home-buying journey? Give Slater Heelis's conveyancers a call on 0161 969 3131, or fill out the contact form, and one of our friendly team members will be in touch as soon as possible.

This article was first published on the Slater Heelis website

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