28 May 2024 Congratulations! You have taken the exciting step of embarking on your homeownership journey in the UK. Whilst it is thrilling to find the perfect property, navigating the legal aspects of home ownership can feel overwhelming and may leave you discouraged. Don’t worry because One Stop Legal is here to guide you. Our legal services advisor will take you through all the legal considerations to make sure you enjoy a stress-free, smooth purchase of your dream home.
The legal essentials in securing your first home
- Conveyancing – This is a critical process that involves the transferring of ownership from the seller to you. As your advisor, we can connect you with experienced conveyancing solicitors adept at handling all the legal paperwork, conducting property searches, and making sure all legal requirements are met.
- Contract review – The terms of sale will be outlined in the purchase agreement and this includes the completion date, price, and other special conditions. Our team of professionals can meticulously review the contract on your behalf, ensuring your interests are protected.
Besides these, you can trust our team of professionals to offer you advice on buying your first home in the UK after thoroughly analysing the market. You can count on our advisors to help you find financing options for your dream home.
Comprehending the costs beyond the purchase price
- Stand duty land tax or SDLT – SDLT is levied on property purchases in Wales and England. The rate varies depending on the purchase price. Hence, it is essential to factor this into your budget.
- Land registry fees – You will incur a fee when you register your ownership of your dream home with the Land Registry. You should also factor this into your budget. As for getting your property registered, you can hire a solicitor to handle the process on his behalf.
There are also some additional expenses you cannot ignore. You must be prepared for mortgage fees, surveyor fees, and removal costs.
Take a step towards home ownership with confidence
Purchasing your first home is a significant milestone. By seeking guidance from One Stop Legal’s team of professionals, you will gain peace of mind throughout the process. Our team will understand your needs, help you with market analysis, assist you in finding financing options, and make you aware of the legal considerations of buying a home.
So, if you want to purchase your home with confidence, talk to our legal services advisor. Know all your options and have a clear understanding of the legal procedures before starting the purchase process.
