When you are thinking about buying or selling a home, it is incredibly helpful to know what conveyancing solicitors in London actually do for you – before hiring them. The process called conveyancing is actually quite tricky and complex, so much so, that it may end up taking a lot of seasoned homeowners by surprise. What conveyancing means in terms of NRI legal services is dealing with the transference of ownership of the property from the seller to a buyer and it typically takes at least eight weeks before finalising and also includes a lot many steps and stages.
Now you must be wondering why the services of conveyancing solicitors in London matter? This is because let’s be honest, properties are really expensive – hence when you buy a home it is so vital that you are absolutely sure of what you are buying and on what is it that you’re really own in the eyes of the law. If you do not pay attention to this, you might find yourself in the dispute over something is really trivial for example things as trivial as where you parked your car – or something far more calamitous as the fact that your house is built on a piece of land whose lease is about to expire. Even though you are permitted to handle convincing yourself, are just like you would hire someone to help you out with your OCI application in London so that you make sure that all your legal formalities are done, it would be best practice, to use professional conveyancing solicitors in London.
As soon as an offer on a property is accepted, you need your solicitor to start reading the draft contract and other documents, do assess what needs to be investigated further. One of the most important things that conveyancing solicitors in London have to assess and establish is the fact that whether your property is freehold or leasehold. Leasehold implies that someone else owns the land on which your home was built – this means that the ownership of your property can actually be passed on to them if your lease expires and is not renewed. You must always double-check the length of your lease – anything under 80 years can be a problem, and whereas under 60 years is something that you should avoid altogether.
A lot of times there are things hidden beneath the surface when looking at property, conveyancing solicitors can help you in unveiling that – you won’t believe the kind of things you could find out – ranging from obligation to pay for the repairs of the local church to there being an abandoned mine beneath your property – it is due to these kinds of risks that the need for conveyancing solicitors becomes so much more pertinent- as he can help in carrying out all those background checks that will save you the hassle later.
Conveyancing solicitors in London can actually help you in getting a better negotiating position and of course, really put your mind at rest.