Buying and Selling Your Home
When it comes to buying and selling your home, MKB Law’s conveyancing team will provide the legal support and assistance you need to complete the process quickly and efficiently. Our highly experienced team will complete the legal documentation, undertake all relevant checks, advise on funding arrangement and assist with completions. We also provide a transparent fee structure from the outset to assist you. Contact us today to discuss your house sale or purchase.
Buying your home
The initial stages of house-buying focus mainly on finding the property that meets all of your requirements. Unless you are a cash purchaser, you must also find a mortgage plan that is right for you. Once you have found the house you wish to make an offer on, and the offer is accepted, the conveyancing process can begin:
The documentation relating to the property will be supplied by the Solicitor acting on behalf of the seller (vendor). This includes title deeds, property certs/searches, replies to Pre-Contract Enquiries, fixtures/fittings list, and energy performance certificates.
Our team will carry out due diligence on the basis of the documentation provided. If any issues arise from this process, we will discuss this with you and advise on how best to proceed.
Once your mortgage offer is in place, you are happy with your survey, and all matters are in order, we will ask you to visit our office to sign the contact. Your contractual offer is then released to the solicitor acting for the seller for acceptance. All parties then work towards the contractual completion date, when the property transfers to you as the new owner and you collect your keys.
Funds must also be transferred to our account in time for the completion. On the day of completion funds should be transferred and undertakings agreed between the all parties’ solicitors. The final stages will involve MKB Law filing your return to HMRC, paying the Stamp Duty, and dealing with registration formalities on your behalf.
Selling your home
The process of selling your home can be complex, particularly if you are in a chain where the process will involve not only the sale of your house, but all dealings with the buyer of your house (and their chain of sale), and of course the purchase of your new property if you are buying simultaneously.
The legal process involved in selling a house is similar to that involved in buying a home. When you have agreed a sale on your home, we will obtain your title deeds and begin the process of preparing the draft contract and requisitioning the relevant property certs and searches. We will also take your instructions in relation to replies to Pre-Contract Enquiries and a fixtures/fittings list.
Once the purchaser of your property has signed and released a contractual offer, we will meet with you to discuss the details, highlight any areas of concern. If an issue is raised, we will help
It is not uncommon for deals to fall through during this stage, as issues can arise with the chain if there is one.. If everything is in order, and all parties are in a position to proceed with the transaction, then contracts can be signed and exchanged with each separate link in the chain.
Legal fees are calculated based on the property value. Additional disbursements such as property certificates and searches will apply. The above fee is inclusive of VAT.