Buyers and sellers routinely want to speed up their property transaction to make it a less stressful experience for everyone involved. It’s important to begin the legal process as soon as possible to avoid delays. At the start of the process, your conveyancer or solicitor will focus on gathering information and paperwork in preparation for the remainder of the process Completing these initial tasks as soon as the property goes on the market can avoid delays once a buyer is found.
The conveyancer should be instructed before an offer is made
Delays are inevitable in most legal processes, but conveyancing issues can arise unexpectedly, and they can often be beyond the homebuyer’s control. Conveyancing professionals first must carry out anti-money laundering checks, so the buyer should be ready to issue all the necessary identification.
Seek out and arrange a mortgage as soon as possible
Some buyers like to use a mortgage broker while others use their bank’s product. Some people prefer to scour the market to obtain the best deal with a low interest rate. Regardless as to your method, it is important to put these wheels in motion as soon as possible so that you are aware of how much you can borrow. This allows you to search for suitable properties within your price range. A mortgage agreement in principle can then be obtained.
Building insurance should be obtained promptly
The appropriate buildings insurance must be in place in time for the exchange of contracts. The insurance must take effect from the day the property comes into your name. It is easy to shop around online for quotations and it takes minutes to apply. It is almost always a condition of the mortgage to have adequate insurance.
What is the current situation with regard to the UK property market?
A challenging time is expected due to the cost-of-living crisis, but despite that, there is still movement in the property market. This is good news for buyers as many sellers are having to drop the price to achieve a sale. According to The Telegraph house prices could fall this autumn which is good news for buyers or for those who want to get a foot on the property ladder. For a fast conveyancing experience there are a number of professionals offering this service such as Sam Conveyancing.
What’s the difference between a conveyancer and a solicitor?
Conveyancers are usually solicitors, but this isn’t always the case. A licensed conveyancer specialises only in property transactions and they don’t claim to have a wider knowledge of the law as with solicitors. A conveyancing solicitor will also be qualified in other areas of property law. Regardless as to whom you choose to use, they should provide a professional service backed by years of experience in the industry.
Get regular updates when moving through the conveyancing process
The conveyancer and estate agent can provide regular updates by telephone and this will ensure you are aware of what’s going on behind the scenes and how the sale is progressing. Similarly, if the conveyancer requires further information from you, it is essential that all queries are answered promptly. A top tip is to always use email rather than paper as there can be delays when posting material. Email is far faster and information can be sent at the touch of a button. Moving house is an exciting time and you could finally be moving into your dream home. However, this dream can only become a reality with a good deal of hard work and research behind the scenes.