Buying property is likely to be
the most significant investment
that you will make.
The Crompton Halliwell team of conveyancing solicitors
call on extensive experience and in-depth technical expertise
to bring efficiency and clarity to the whole process.
We work closely with you to understand the dynamics of
your particular situation and deliver advice that is
both impartial and practical.
Equally at home in the domestic and commercial sectors,
our specialists are on hand throughout the whole procedure
to ensure that you enter into your deal with confidence
and peace of mind.
Please
get in
touch with our
team of
conveyancing
solicitors if you’d
like more
information.
estate
agents If you are buying or selling
a house or flat your first contact will probably be with
an estate agent. In this situation it is important to
bear the following information in mind
An agent should give you written confirmation of
your instructions to sell and when you will have to
pay commission.
An agent should not discriminate against someone
who wants to buy, but who does not want to get a mortgage
through them. Failure to inform the seller about offers
that have been submitted by potential buyers is a common
example of discrimination in this situation.
An agent should tell the buyer whether or not the
seller is taking the property off the market after
accepting the offer.
offers
and exchange of contracts A buyer should ensure
that any offers they
make for a property are ‘subject to contract’.
This means that if the survey shows up a defect
or other problems arise you can still change your
mind. Once the contracts have been signed and exchanged
by the solicitors, both buyer and seller are legally
committed to the deal and cannot then go back on
the decision. At this point, the buyer will usually
pay 10% of the agreed price.
leasehold & freehold
If you buy the freehold of a property, you own
both your home and the ground it stands on. Most
flats and some houses are sold leasehold. This
means you own your home for the period of the
lease, and you have to pay ground rent to the
freeholder or their managing agent.
