It is possible for you to handle the process of buying your home yourself. However, it is complicated and without expert knowledge and experience there is the risk that you may get something wrong. Most people use a conveyancer or solicitor to do all of the necessary work for them.
Conveyancing is the legal transfer of ownership of a property (in this case a new home from us to you) and it is usually done by solicitors or licensed conveyancers. It can involve:
- carrying out local authority and Land Registry searches;
- organising property surveys (although your mortgage lender may do this for you);
- and exchanging contracts and legally completing the sale.
Which solicitor or conveyancer should you use?
Using a solicitor or conveyancer that someone has recommended will give you confidence that they will do a good job. We work with a panel of experienced solicitors and if you buy a new build home from us we will recommend a local one to you.
How long does the legal side of buying a home take?
The legalities can take a long time. From when an offer to buy the home is accepted until the exchange of contracts can take roughly seven weeks. And from exchange of contracts to legal completion can take up to four more weeks.
If you are buying an older home, this is the time that the sale can fall through because the chain of people buying and selling homes fails somewhere along the line. One of the key benefits of buying a new home, especially if you are a first time buyer, is that you do not need to rely on such a property chain – it’s just you and us! We also offer Part Exchange if you have a home to sell, which removes the potential risks associated with a long property chain.
Do I need to work with the solicitor?
Most solicitors are professional and will do a great job. Even so, we suggest you stay in regular e-mail and telephone contact with your solicitor to make sure your purchase is moving along quickly and smoothly.
There are also a few things that you, as a buyer, will need to do…