BUYING A PROPERTY

Buy Your Property
with Confidence

Buying a property involves critical legal steps from reviewing titles and carrying out searches to exchanging contracts and completion. Because an accepted offer isn’t legally binding until contracts are exchanged, having the right legal support from MYM Solicitors ensures your freehold, leasehold, or mortgage transaction is properly reviewed, protecting you from unforeseen issues before you commit.

How MYM Solicitors Will Help

At MYM Solicitors, we understand that buying a property involves more than simply agreeing a price. Our role is to help ensure that the legal aspects of your purchase are properly considered and that you understand the transaction before you commit to it.

Our property team can assist you with:

  • Advising on the legal process involved in purchasing a property.

  • Reviewing the contract and legal documentation provided by the seller’s solicitor.

  • Reviewing the property’s title and identifying relevant rights, restrictions and covenants.

  • Arranging and reviewing appropriate property searches.

  • Raising legal enquiries with the seller’s solicitor.

  • Advising on freehold and leasehold property purchases.

  • Reviewing lease terms and relevant leasehold documentation.

  • Advising on service charges, ground rent and other relevant leasehold matters where applicable.

  • Liaising with your mortgage lender and dealing with relevant lender requirements.

  • Reviewing the mortgage offer and reporting relevant legal matters to you.

  • Advising on the implications of any issues identified during the conveyancing process.

  • Preparing the necessary legal documentation for exchange of contracts.

  • Advising you before contracts are exchanged.

  • Arranging completion and transferring the purchase funds.

  • Completing the legal steps required following completion.

  • Advising on registration of your ownership with HM Land Registry where applicable.

Property searches can provide important information about matters affecting a property, including local authority information, drainage and water matters and environmental issues. Additional searches may be appropriate depending on the property’s location and circumstances.

Our aim is to make the conveyancing process as clear and straightforward as possible while ensuring that the legal aspects of your purchase are properly reviewed.

Frequently Asked Questions

Conveyancing is the legal process involved in transferring a property from the seller to the buyer. It includes reviewing the title, carrying out searches, raising enquiries, reviewing the contract, dealing with the legal requirements of the purchase and completing the transaction.

You will need a legal professional, such as a solicitor or licensed conveyancer, to handle the legal work involved in a property purchase. Your legal representative can carry out the necessary legal checks, review the title and searches, deal with enquiries and complete the legal transfer of ownership.

It is generally advisable to instruct your solicitor as soon as your offer has been accepted. Starting the legal process early can allow the necessary searches, title review and enquiries to begin promptly and may help avoid unnecessary delays.

 

An accepted offer is generally not legally binding until contracts have been exchanged. This means that important legal work should still be completed before exchange, including searches, enquiries and review of the contract.

The searches required will depend on the property and its circumstances. Common searches can include:

  • Local authority searches

  • Water and drainage searches

  • Environmental searches

    Additional searches may be appropriate depending on the location and circumstances of the property.

Your solicitor may review matters including the property’s title, ownership, rights, restrictions, covenants, planning information, searches, contract documentation and other relevant legal issues. The precise checks will depend on the type of property and the circumstances of the purchase.

A freehold purchase generally involves buying the property and the land it stands on. A leasehold purchase involves buying the right to occupy and use the property for the period specified in the lease. Leasehold properties can involve additional matters such as service charges, ground rent, lease restrictions and the remaining length of the lease. Your solicitor can explain the relevant terms and advise you on legal issues identified during the purchase.

Yes. Many property purchases are funded partly or wholly through a mortgage. If you are obtaining a mortgage, your solicitor may need to deal with the lender’s legal requirements as part of the transaction.

Before contracts are exchanged, your solicitor will normally work through the legal aspects of the purchase, including reviewing the contract, title, searches and enquiries. You should also ensure that your mortgage arrangements and finances are in place and that you understand the terms of the transaction before proceeding to exchange.

Exchange of contracts is an important stage in the property purchase. Once contracts are exchanged, the agreement becomes legally binding and the completion date is normally confirmed. If a party withdraws after exchange, there can be financial and legal consequences.

On completion, your solicitor transfers the remaining purchase funds to the seller’s legal representative. Once completion has taken place, ownership passes to you and you can normally collect the keys and move into the property, subject to the agreed arrangements.

Stamp Duty Land Tax may be payable when purchasing a property, depending on factors including the purchase price and your circumstances. The applicable rates and reliefs can change, so you should obtain up-to-date advice based on your individual circumstances.

Yes. MYM Solicitors can assist with the legal aspects of a leasehold purchase. This can include reviewing the lease and relevant leasehold documentation and advising on matters such as service charges, ground rent, restrictions and the remaining term of the lease where applicable.

Yes. Property can be purchased jointly, subject to the relevant legal and financial arrangements. If you are buying with another person, it is important to understand how the property will be held and what rights each owner will have.

If searches, title documents or enquiries identify a potential issue, your solicitor can explain the legal implications and advise you on the options available. Depending on the issue, this may involve further enquiries, additional documentation, indemnity insurance or other appropriate steps.

There is no fixed timeframe for every property purchase. The timescale can depend on factors including the type of property, whether there is a chain, the mortgage process, searches, enquiries and how quickly the parties provide the required information.

Where applicable, the legal process includes registering the change of ownership with HM Land Registry. HM Land Registry maintains records for most registered property and land, including information relating to ownership and title.

Yes. Our property team can communicate with the relevant parties, identify outstanding legal matters and help progress the transaction where possible. The cause of the delay will determine the appropriate action, particularly where other parties in a property chain are involved.

Yes. First-time buyers may have questions about the conveyancing process, contracts, searches, mortgages, deposits, exchange and completion. MYM Solicitors can guide you through the legal aspects of your purchase and explain the documentation and steps involved.

Yes. Our property solicitors can assist with the legal aspects of buying a property, including title checks, searches, enquiries, contract review, exchange and completion. We can provide advice tailored to the circumstances of your purchase and the type of property you are buying.

Speak to MYM Solicitors

Planning to buy a property?

Make sure the legal aspects of your purchase are carefully reviewed before you commit to the transaction. Whether you are a first-time buyer, purchasing a family home or buying another property, MYM Solicitors can provide professional conveyancing advice tailored to your circumstances.

Contact MYM Solicitors today to discuss your property purchase and receive professional legal advice.

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