Moving home is a moment of joy for many. But when you are thinking about your new home, it is equally important not to forget that there are lots of things to remember, with plenty of legal considerations, too.
Here are five important things to consider when selling your home from our experts.
Stamp duty is a fee or a tax that you pay to HMRC when you purchase a property that is worth over a certain price.
Especially for first-time buyers, this can throw an unexpected spanner in the works when saving for your new home. The rates and cost to you can sometimes be hard to estimate as each property is different.
While it can seem like a straightforward process, our conveyancing solicitors in Portsmouth can help you should you ever become stuck with the rates or other intricacies that surround this tax.
It can be easy to get carried away thinking about your new home and forget about the complex legal processes around selling and buying.
No two sales or purchases are the same. By choosing an expert team of local conveyancers, you will reduce the risk of any paperwork going wrong – and maximise your opportunity to focus on the more exciting parts of your move.
When relocating to a new home, it is essential to make enquiries regarding the state of the property, as your solicitor will not undertake this task.
Should you be acquiring a mortgage, your mortgage provider will organise a mortgage valuation. This report will contain only rudimentary details concerning the state of the property for the purposes of lending. It is always prudent to commission a survey on a new home if you are unsure about its condition.
This comprehensive inspection of the property will allow you to pinpoint any problematic areas.
Swapping documents between solicitors and mortgage providers is one of the latter stages in a move – and getting it wrong can delay getting into your new home.
Your solicitor will require a copy of the mortgage proposal from your bank or building society, and you must ensure your provider is apprised of the solicitors you have engaged.
They will forward to your solicitor a version of your mortgage offer, inclusive of documentation for your signature. This will allow your solicitor to facilitate the completion of the sale and get you moved in on time.
Choosing the right solicitor
As with all matters that tie into ethical and legal boundaries, finding an accredited practitioner is of the utmost importance. Solicitors based in Portsmouth, we have been the choice for countless individuals and families who are making the move into a new home.
Choosing a partner you can trust during a time of change is vital. Seemingly low rates are almost invariably linked to lower-quality services rendered. Shoddy legal and administration work from poor-quality conveyancing services can result in many complex problems that put your property investment in jeopardy.
Hiring an accredited conveyancing solicitor is the best way to ensure you get the best deal and your investment is secure.
Get support from your local solicitor in Portsmouth
Andrew & Andrew provide timely, resourceful and cost-effective legal solutions for all your conveyancing needs and take care of all legal processes involved with property transfer.
We are here to help whenever you are ready. To get started, please talk to our team.