Legal Advice & Considerations When you are Buying your First Home
Whether you’re going it alone, with a partner or buying a first family home to raise your kids, good residential property legal advice can make the whole process much smoother and stress-free.
Our residential property solicitors in York, Sheffield and Leeds know their local markets well, along with residential property law in general, and together this makes Lupton Fawcett your first port of call when buying your first home.
Key areas of residential property advice
Buying your first home can be daunting but it’s also one of the least complex residential property processes to deal with, as there’s usually less that can go wrong.
If you have your finances in place, you’re in a good position to make an immediate offer when you see a property you like – you don’t have an existing property you need to sell first, and you won’t be in the middle of a property chain.
That means the main area of residential property advice for first-time buyers is simply the conveyancing work of getting the property transferred legally into your name as its new owner.
Potential legal pitfalls when buying your first home
Of course there are reasons why it might not be a good idea to complete a first-time property purchase, and Lupton Fawcett’s residential property solicitors in Sheffield, Leeds and York are here to flag up any such causes for concern.
These can range from problems with title deeds, leaseholds and past planning permission applications, to issues raised during the property valuation survey, along with the ‘property searches’ which look at possible issues like flooding and undermining.
We carry out this work so that you don’t have to worry about it, and once all the searches are complete we can either provide you with the results for total peace of mind, or raise any specific concerns that might affect the valuation or whether you should complete the purchase at all.
Next steps after buying your first home
There are a few important next steps after buying your first home, which for most people will be the biggest asset you have owned so far.
You should consider writing a Will to determine what should happen to the property if you die – nobody likes to think about this, especially when you’re still relatively young, but it’s crucial to protect your property and your next-of-kin’s inheritance.
When the time comes to move to your next home, whether you choose to trade up, downsize or even remortgage in your existing property, our residential property solicitors in Leeds, York and Sheffield will be here for you again.
To get started with buying your first home, contact Lupton Fawcett today on 0330 404 6390 or email email@example.com and we will respond to you as promptly as we can.