RESIDENTIAL

Buying & Selling

Whether the client is a first time buyer or involved in a chain, the process of moving house can be extremely stressful. It is our practice that an individual conveyancer acts for the client during the transaction to ensure continuity throughout.

There are two stages in any sale and purchase; exchange of contracts and settlement. On exchange, all parties become legally committed to the transaction, a deposit is paid to the sellers and a settlement date is set. On settlement, all the parties move house and the purchase monies are handed over to the seller's solicitors.

There are a number of other points to consider in the sale and purchase of residential property:

Buyer

• Does the Local Search reveal any detrimental developments affecting the property?
• Are the roads adopted by the Local Highway Authority?
• Are there any defects in the title to the property? Particularly, are there restrictive covenants which prevent the normal use of the property?
• Have all the conditions in the mortgage offer been met?
• Does the contract adequately protect the interests of the buyer? Are there any onerous clauses?

Seller

• Is there sufficient money to redeem the mortgage?
• Does the contract and transfer deed adequately protect the seller?
• The buyer's solicitor often raises queries on the title deeds and contract.
• Can all these be reasonably answered?
• Is there is a chain involved? If so, are all parties in agreement about the completion date and can this be realistically achieved.