Conveyancing
CONVEYANCING SOLICITORS CAMDEN – PROPERTY LAWYERS CAMDEN
Are you looking to buy, sell or rent a property in Camden? If so, you are in the right place to receive tailored, practical, value for money advice that helps you get where you want to be.
What’s involved in a property transaction ?
What is involved in a typical property transaction depends on the nature of the property, the type of title that is being transferred and whether there is a mortgage lender involved. Indeed, it is not easy to give a definitive answer.
However, typically freehold transactions will three stages, including the pre-exchange, exchange and completion stages. At the pre-exchange stage, contracts are drafted and negotiated. At the exchange stage, contracts are exchanged, meaning there are legal ramifications for pulling out of the deal. At the completion stage, monies for the property are transferred to the seller and the buyer is given possession of the property. Please bear in mind that this is a very general overview of the process.
Searches
Involve a process known as searches. The process involves investigating documents related to the property to find out further information regarding the drainage and sewage systems, any planning permissions, developments in the local area and potential environmental issues.
The types of searches you conduct depends on your own aversion to risk and if there is a mortgage lender involved, what the lender requires. As a very basic minimum, it is highly advisable to have local and sewage and drainage searches conducted. If the property is a mining area, you might want to have a mining search done to check for subsidence risks. Environmental searches are commonly used to reveal radon gas risks, which is a common radioactive gas released as a result of processes that take place in the earth’s crust (it is, however, an issue that is easily manageable).
Get in touch
Whatever your property needs our, get in touch with our conveyancing solicitors in Camden. We have years of experience in helping buyers and sellers get where they want to be. We strive to offer practical, results-driven service that provides value for money. Being local to the area, we are also in a great position to employ our knowledge of the Camden property market and provide you with relevant advice.