Anyone buying a house will know the stresses involved in getting a survey, finding a mortgage, and waiting for completion. The process can and often does take months to complete, and in this period you’re committing to a lot of money and spadework – you certainly don’t want the deal to fall through.
When we buy a house we go through the process of ‘Conveyancing’. This is part of the purchase where you find a solicitor to carry out all of the legal paperwork. You can choose a solicitor you trust or you can find the cheapest deal, but you do need to choose wisely as getting it wrong can lead to horrific outcomes.
Your conveyancer does all kinds of searches on your behalf to ensure your properties legitimacy, these searches include: a local search, a mining search, land registry search, bankruptcy search, drainage search and legal search.
It’s after these searches that the pitfalls and disagreements can often occur. Perhaps there are plans to build a skyscraper behind your back garden, but the conveyancer only did a search of the houses in the immediate area. This can lead to drawn out disagreements and endless misery on the part of the buyer.
You may be buying a house expecting acres of land or just a big back garden, only to find that your boundaries are much smaller than you may have imagined. Again this is often all about a breakdown in communications and unclear documentation passing between the customer and the conveyancer.
The conveyancer checks your mortgage offer and will also hold the mortgage money for your new property in their account ready for transferal, so you don’t want a two-bit firm who may have their accounts frozen. You also don’t want a conveyancer who isn’t efficient enough to get the wheels moving and put things in place during the transition.
Many buyers may never have used the services of a solicitor before and would be wise to head for sites like that of Saga
Avoid home buying horror stories by getting a good survey on the house. You don’t want to find that you need to replace the roof, or get a new boiler which can instantly mean forking out thousands more to get things fixed. Cutting costs in conveyancing and surveys aren’t always the best bet, be sure to use reputable sources.