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As a prospective home buyer, you can legally walk away from a proposed purchase at any point up until the moment when you exchange contracts with the owner of the property you were intending to buy. Generally, the sooner you pull out of a transaction the better that will be
The short answer to this question is, ‘yes’, you do indeed need a solicitor (or a similarly well-qualified legal expert) to carry out the conveyancing work relating to a shared ownership property transaction. In fact, it is generally even more critical to hire a suitably experienced solicitor as your conveyancing
Sometimes surveyors will inspect or investigate a particular property that’s up for sale and decide that a price agreed with a prospective buyer is higher than it should be. There are several reasons why a so-called ‘down valuation’ might happen but fundamentally it will be because the surveyor believes a
Solicitors and other providers of conveyancing services often (though not always) give potential clients a fixed fee quote for work they’re offering to undertake with regards to a specific property ownership transaction. Although that fixed fee is generally intended to reflect the entirety of the charges that a conveyancer will
Property chains form as a result of having a sequence of property buyers and sellers whose deals become interconnected through circumstances. It is an unfortunate (and often infuriating) reality that the financial interconnectedness of arrangements within a property chain can mean that issues affecting a single deal might significantly impact
There are myriad reasons why a conveyancing firm might be slow to respond to your queries as a homebuyer in the UK. Often those reasons will be completely understandable and delays to your process might be wholly unavoidable. However, all that could well be of little comfort if you are
Conveyancing is an integral part of the property buying process in the UK for sound legal and practical reasons. After all, a change to any property’s ownership is a significant transaction, usually involving large sums of money, banks and other institutional lenders, as well as people who have never met
As a leading facilitator of conveyancing services, Home Legal Direct is proud to announce its transition to employee ownership. Based in Southend-on-Sea, Essex, the company was founded in 2017 by…
The housing market in the UK appears to be on the rise as house prices are anticipated to go up this year based on the recent report from Knight Frank which suggests that attractive mortgage rates and a potential interest cut by…
The inflation rate in the UK has slightly gone up for the first time this year deviating from the 2% rate seen in recent months. Recent official data shows a 2.2% increase in prices in July surpassing the Bank of England’s 2% target…
