What conveyancing and legal searches will a solicitor perform and why?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 28, 2010 -- Whether you’re buying a property or selling there are many, many things to consider and conveyancing is just one of them.

Your conveyancing solicitor should ensure that any issues, structural or contractual, with your property are made clear before you get near the completion stage of conveyancing. You solicitor will conduct searches as outlined by new conveyancing web site www.CheapConveyancingQuotes.co.uk

A spokesperson for CheapConveyancingQuotes.co.uk said “Your local authority search is probably the most important search because it will notify you of any planned work either by the council or local neighbours. Work that could affect the value of your new property.”

“The water drainage search will be needed as well as a local authority search in order to satisfy your mortgage lender. Any issues found with these searches could result in your mortgage lender refusing you a mortgage.”

“By law, most lenders require a basic valuation - a property inspection to determine value.”

“A full structural survey is also recommended for older properties because it will provide construction and condition details which are obviously crucial at this stage in property conveyancing.”

On Completion or just after your conveyancing solicitor will need a Transfer Deed signed by the person buying and the person selling the property and the property you are buying will be registered in your name.

At this point your conveyancing solicitor should also get written confirmation that your seller no longer has a mortgage on the property.

Your conveyancing solicitor will file the Stamp Duty Land Tax Return Form and pay stamp duty for you.

They will apply to the HM District Land Registry to register the property in your name. The public electronic register will be updated to show you as the legal owner.

www.CheapConveyancingQuotes.co.uk say “Don’t forget you can always go to www.hmlr.gov.uk to get a copy of the deeds and if you’re just at the beginning of this whole process make sure you visit our web site for a free conveyancing quote today"

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