Buying property at auction can be an exciting experience and is often a great way to get a good deal. However, it can also be a step into the unknown - particularly if it’s your first time. By talking to a legal expert before buying at auction you can approach the process with confidence and avoid costly mistakes.
Understand your legal obligations. Seek advice from an experienced property solicitor before buying at auction to make sure you fully understand your legal obligations.
QualitySolicitors can advise you on all the important aspects to consider before bidding at auction, helping to ensure that any property you do bid on will be a sound investment. We can also take care of all the legal practicalities of the sale, from checking property ownership to arranging surveys and searches. Our friendly and knowledgeable property auction solicitors will give you all the guidance you need to be able to enter the purchase with confidence.
With our help, buying a property at auction can be very rewarding. Call us today on 0808 304 7196 to speak to a property solicitor. With our same day response promise and no hidden costs policy, we make property law straightforward and hassle-free.
Buying at auction can be exciting and a great way to secure a bargain. However, it is also risky, so obtaining legal advice and carrying out due diligence is imperative.
Once the hammer falls at an auction, the buyer is legally obligated to complete the purchase.
Purchasing a property without carrying out due diligence can result in significant financial losses. There may be structural problems with the property or unknown liabilities, such as outstanding debts.
Although buying a property at auction carries risks, by taking the right professional advice, you can mitigate many of those risks.
Properties at auction often sell for less than their market value, so you can find a bargain, especially if you are happy to make improvements to a property.The conveyancing process when buying at auction is quicker than a usual purchase. Plus, once the hammer falls, the sale is legally binding, which provides certainty for both buyer and seller.
When you buy a property at auction, you put down a deposit straight away. This is normally 10% of the purchase price. You will also need to pay the auctioneer’s commission which is at least 2% of the purchase price, plus VAT.
You are not legally obliged to instruct a solicitor if you sell your house at auction. However, we strongly advise that you do.
Firstly, A solicitor will ensure you meet legal requirements. They will prepare the legal pack for your property and ensure the property title is clear. Secondly, they help negotiates the terms of the sale contract. This includes the price, completion date and any special conditions. Also, They will review the contract to ensure your interests are protected. Thirdly, they carry out due diligence on the buyer to check they have the financial and legal capacity to complete the purchase. Finally, represent and protect your interests if any disputes arise during the auction or after the sale.
There are so many complex legal aspects relating to housing and property and, as they’re such cherished and valuable assets, it’s imperative that you make sure the law is giving you as much support and protection as possible. Is it really worth the risk of not speaking to a property solicitor when we’re so accessible, efficient and friendly? Give us a call at 0808 304 7196 today to see how we can help!
The QualitySolicitors network has expert conveyancing solicitors in all housing and property matters, which means that right from when you first contact us, you can rest assured with the full knowledge that you're always in safe legal hands. Whether you're buying, selling, or remortgaging, our conveyancing solicitors specialise in all housing and property matters. We are proud to offer you an advanced conveyancing tool to present clear and competitive pricing.
In a world where many of us live in close proximity to our neighbours, it’s not uncommon for confusion regarding boundaries to arise. However, when handled correctly, a boundary dispute doesn’t have to mean falling out with your neighbours. Many boundary issues can be resolved amicably and fairly.
Buying property at auction can be an exciting experience and is often a great way to get a good deal. However, it can also be a step into the unknown - particularly if it’s your first time. By talking to a legal expert before buying at auction you can approach the process with confidence and avoid costly mistakes.
Dealing with property issues can sometimes be complex - particularly when other parties are involved. That’s why contracts exist to help things run smoothly. And whether you own or rent property, at some stage you will probably enter into a contract with another party.
Experience a new level of efficiency with QualitySolicitors. Receive a conveyancing quote for your property online or via phone call. What sets us apart? Beyond just providing quotes, we go the extra mile by enabling immediate instruction so that your solicitor can start work straight away.
Prefer a personal touch? Dial 0808 304 6112 to connect with our dedicated team. We’ll provide you with a detailed quote, putting you on the express lane to the key to happiness in your new home.
Prefer a personal touch? Dial 0808 304 6112 to connect with our dedicated team. We’ll provide you with a detailed quote, putting you on the express lane to the key to happiness in your new home.
If you’re homeless or being threatened with homelessness, it can be a confusing and lonely time. And if your local council isn’t providing the help you need, you may not know where to turn next.
Your home is a sanctuary where you should feel safe and secure. However, housing disputes can turn your home into a source of anxiety. It's essential to resolve these disputes promptly, and often, legal assistance is necessary to navigate the complexities of housing law. Our Housing Solicitors are experts in this field, advocating for clients on issues involving housing associations and residents’ rights.
More and more people are enjoying the rewards of investing in property. And buying-to-let is a great way to ensure that your property provides a regular income and strong return on your investment. The key to successful property investment is to do your homework and seek expert legal advice before investing in a property.
Leasehold properties are a diminishing asset, which is why purchasing the freehold title of your house, terrace, maisonette or flat may be financially beneficial to you. It is more common for flats to be sold as leaseholds, but some new build houses can be sold as leaseholds too. Without owning the freehold title, it will cost each time you wish to extend the lease and you will have ongoing expenses to your freeholder for insurance, service charges and ground rent. In addition, some contract clauses may be unappealing to buyers, which could make your property unsellable.
All leasehold properties have an expiry date, meaning the ownership of the property will revert back to the freehold owner once the lease term comes to an end. To prevent that from happening and losing your asset, keep track of your lease length and don’t let it get too low. The shorter the period left on the lease, the quicker the leasehold will diminish in value.
If you’re looking for advice about leaseholds, our property solicitors are here to help. Leasehold is a particular type of property ownership that comes with its own unique legal rights and responsibilities. Many flats in the UK are sold on a leasehold basis but leasehold can apply to other properties too.
In an ideal world, we would all get on with our neighbours all of the time. But in reality, living close to other people can sometimes be difficult and disagreements can arise. If left unresolved, minor annoyances can often turn into major disputes so it’s always best to tackle issues as soon as they occur and try your best to stay on good terms with your neighbours.
Whether you’re buying, selling, renting or leasing property or land abroad, there will be times when you need to present documentation to foreign authorities. And because every country has its own property laws, it’s important to ensure your documents will be accepted. It may therefore be necessary to have the documents validated (notarised) by a Notary in the UK.
When building work, repairs or improvements are carried out to a property, the work may impact on neighbours who share a wall or boundary. Therefore the Party Wall Act was introduced to minimise disputes between neighbours when work is being completed. The Party Wall Act covers work to shared walls but can also cover work being carried out close to neighbouring boundaries or buildings.
f you are looking to make changes to your home, there are planning laws that say what you can and cannot do. There are also specific processes to follow. QualitySolicitors take away many of the worries as we know you have enough on your plate. Our Conveyancing solicitors
simplify the complexities of planning law for you and ensure that you remain compliant with the law to avoid any planning issues.
Planning solicitors are legal experts who specialise in this field and can advise you regarding building regulations, planning applications, the environmental impact of suggested changes, any relevant appeal or judicial reviews.
If you're a homeowner or tenant facing problems keeping up the repayments on your property, you may be concerned about the threat of eviction or having your home repossessed. In these circumstances, it's natural to feel worried, but at QualitySolicitors, we have expert Property Solicitor on hand to help. We can answer all the questions you may have and will help you do everything possible to remain in your home. Possession and repossession proceedings involve legal mechanisms that address issues related to ownership, debt, and property agreements. It is important to establish a legal framework including terms and conditions for all parties involved for a smooth process.
It’s important for people to live in a home that meets the requirements of their family. Rehousing is the process of relocating families or individuals from one place to another. Sometimes, for various reasons, your current home may not be suitable for the needs of you and your family. In these circumstances, you may wish to be rehoused or transferred to another property.
As a homeowner, at some point you may wish to consider remortgaging – either to take advantage of a better mortgage deal or to release money from your property. And with different mortgage providers offering different deals, you may wish to consider changing to a new lender.
Quality solicitors property solicitors have extensive experience in new mortgages, mortgage debt, current mortgage deal and mortgage repayments.
Choosing to buy the freehold title of your property may prove too costly or lengthy, which is why you may consider taking over the management responsibilities of the property from the freeholder instead. While this won’t grant you all of the benefits of owning the freehold, it will give you and your fellow leaseholders more control over the common areas of your property through a process known as Right to Manage.
Whether you’re a landlord or a tenant, it makes good sense to have a solid tenancy agreement in place. Not only will this highlight your rights and responsibilities but it will also help maintain a positive relationship between you and your landlord or tenant.
Are you looking to transfer the ownership of a property from one person to another? Although this is a fairly straightforward process, it’s important that it is completed correctly to ensure everything progresses smoothly and to avoid unexpected problems in the future. Call us today on 0808 304 7196.
Being forced to leave your home is upsetting and stressful whatever the circumstances. But if your landlord has evicted you without following the correct procedures, they may have broken the law and you may be able to take action against them.
