Help and Advice
Let’s get to The Basics
What is Conveyancing?
Conveyancing is the legal part of the house buying and selling process. It is required by law that specific parts of the process are undertaken by regulated law firms, like us, and the people that conduct the work are your conveyancers
What is exchange and how does it work?
Exchange, or “exchange of contracts” is the moment the agreement for the sale of the property is made legally binding by the conveyancers for each party, over the phone. It is the point at which the actual completion date, the day you move in/out of the property is fixed. A deposit of 10% of the purchase price is usually paid to the seller’s conveyancer at the time of exchange of contracts
What’s the Process of conveyancing?
Conveyancing involves legal steps to transfer property ownership. It begins with an offer acceptance, followed by searches, inquiries, and contract preparation. Upon exchange, parties are legally bound. Post-exchange, final checks, mortgage arrangements, and settlement occur. The process concludes with the transfer of funds, title deeds, and registration, marking the successful transfer of property ownership.
What is a Search Indemnity?
Search indemnity is an insurance policy to protect against any financial losses a property owner incurs as a result of undisclosed issues that would otherwise have been revealed by search results, if they had been obtained. It provides peace of mind while also ensuring the purchase transaction can progress quickly and smoothly, avoiding delays in awaiting search results.
Get the best advice
Snagging List: What Is It & Why Do You Need One?
When you’re moving into a new build property, you want to make sure everything is as it should be. After all, you’ve spent a lot of time (and money) choosing your dream new build home. However, you may find that the property has major or minor issues that need fixing before you can move in—this is where a snagging list comes in handy.
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What Does the Exchange of Contracts Mean?
The exchange of contracts is a crucial step in the house-moving process and is one of the last stages. It occurs when both parties swap and sign the contracts, a legally binding agreement between the buyer and seller and sets the stage for the completion of the transaction.
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Both the seller and buyer have the freedom to pull out of a house sale until the contracts have been signed, and there’s not much that can be done about it from a legal perspective.
Buying or selling a house is a significant decision that involves various legal and financial obligations. However, circumstances change, and you might find yourself in a situation where you want to pull out of a house sale.
In this blog post, we will explore the topic and provide you with a clear understanding of the possibilities and implications of withdrawing from a house sale.
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Should You Pay More For a Faster House Sale?
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Do Property Names Affect House Prices?
Boosting the value of your home
Many homeowners are already aware that they can revamp their kitchens, update their bathrooms or give the front of their house a makeover to add value to their home; however, jobs like these can be very costly and often take a while to complete.
But, according to a new analysis by Muve, you can boost the value of your home by £9,000 for as little as £40 with one easy trick.
And that’s naming your house.
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The Ultimate Moving House Checklist
Your Stress-Free Journey Begins Here.
Moving to a new house is an exciting adventure, but it can also be a daunting task. From packing up your memories to settling into a new area, there’s a lot to manage. To help you navigate this transition smoothly, Muve has put together the ultimate moving house checklist. Whether you’re a first-time homebuyer or a seasoned mover, this guide will ensure that no detail is overlooked.
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Frequently Asked Questions
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