The Legals
Key Legal Steps to Buying
- Provide your proof of identity details
- Searches
- Secure mortgage offer
- Check property information forms
- Ask any questions
- Organise your building insurance for the time of exchange.
- Check and sign contracts to exchange.
- Give your deposit to the legal company
- Solicitor secures funds from mortgage lender
- Complete the sale and move in
- Register the transaction with the Land Registry
Once you’ve got the keys, it is your legal responsibility to make sure that either you or your legal representative have completed and filed the Land Tax Form (Stamp Duty) which confirms your property ownership.
Key Legal Steps to Selling
- Provide proof of identity
- Obtain title deeds
- Fill in all the legal paperwork
- Check and sign contracts for exchange
- Legal company secures the deposit and redeems your mortgage
- Complete the sale and move out
When working with legal companies, help to speed up the process by dealing with paperwork you are sent quickly, while making sure you have read the detail. If possible drop paperwork off at the legal company rather than posting it.
