A Quick Guide to the Legal Steps of Buying a House

Published on: 15 January 2019 Last Updated on: 08 August 2019
Best Solicitor

Finding your ideal home is a fantastic feeling and then finding out it is within your budget feels like a dream come true. However, learning about the amount of time and effort it takes to complete the sale can be daunting. Here is a quick guide to all the legalities of buying a house, so you are in the best possible position.

Find the Best Solicitor for You

Your solicitor will be your guide throughout this whole process. They will help you exchange contracts and complete all the paperwork you need to fill out.

With a solicitor comes many overhead costs. In addition to their time fees, you will need to pay for any potential searches and other expenses. Therefore, it is necessary to find a solicitor who is within your budget. This does not necessarily mean you should always go for the cheapest option as there may be a great solicitor who can handle everything for you for a slightly higher cost than their competitors.

Begin the Conveyancing Process

Conveyancing is all the legal processes that take place from the exchange of contracts to you getting the keys for your new property. It is the bulk of the work which your solicitor will do, and so you need to know how much it is going to cost in advance. Get an instant conveyancing quote here from Tayntons Solicitors, a practice of qualified and experienced conveyancers.

Firstly, your solicitor will examine the draft contract and supporting documents sent by the seller’s team. They will be able to talk you through everything they have received and will advise you on any place where you wish to raise an issue.

They will also be your go-between for you and the local council. There will be many different forms that will need to be filled out, such as making sure you are on the Land Registry, and it will be essential that nothing is forgotten.

Finish Up

When everything is ready, the solicitor will oversee the transfer of funds from you to the seller. They will then make all the necessary arrangements for the remaining fees which will need to be paid before you finally get the keys to your new home. There will be tax returns to fill out, and conversations with your mortgage lender if you are using one. These are all incredibly important parts of the buying process which are as crucial as the exchange of contracts.

Buying a property does not end with putting an offer into an estate agent. It is a very long and potentially difficult legal process, and you need to make sure you have the right person beside you helping you out. Searching for a conveyancer who is accredited by the Law Society will assure you that you will be working alongside a professional who knows the ins and outs of the business. With their help, your dream house will soon be yours forever.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Road Mishaps

Road Mishaps That Requires A lawyer!!!

We, the intellectually advanced species, need law and order to be able to co-exist with one another. Like the popular saying denotes: "where there is no law, there is no offence." So when Road Mishaps That Requires A lawyer! This makes the law the pillar and backbone of every social structure and integration. But because individuals craft the law, It makes it almost impossible to be 100% perfect. There are always going to be imperfections or loopholes within the frame of the law. These loopholes within the law are not readily visible to a layman. For you to be able to find such imperfections within the legal system, you would have to undergo specific stringent years of training and experience from a good legal chamber like Jurewitz Law Group. For this singular reason and many more are why the professional insights and guidance of an attorney are indispensable. Apart from the fact that lawyers are well-grounded in the knowledge of the law, they also play a very necessary and crucial role in helping us to settle disputes or conflicts. Their usefulness doesn't stop there. They also help in guiding you into implementing fail-safe measures in the advent of litigations against you. Still-on what lawyers can do for us---they can help in creating contracts in such a way that your interests are not only covered but at the same time solidify the validity of that contract. When lawyers act as a witness to a deal or contract, it becomes difficult for people to easily swindle you out of that deal as opposed to when you just sign a contract without any form of legal authority. For the sake of this article, though, we are going to be focusing on situations and events that may warrant the need for an excellent attorney. Such incidents include but are not limited to:- Hit and Run accidents: The implications and complexities of a hit and run case can pose to be a very daunting and traumatic experience. This is especially true because of the magnitude of injuries that might be sustained during the whole process. Now, this is where an accident lawyer comes in, because of your physical and mental condition, it will be extensively difficult to track down all necessary information and possibly make depositions that you might need to build and make your case. If during an accident, the liable person is present and identifiable, then it is easy to bring a lawsuit against the responsible person---persons, for damages. But if the situation were to be the other way round, in which case the liable party runs off and couldn't be identified. Then the victim will have to go through a lot of hurdles to get any form of compensation. But with an accident lawyer at your arsenal, you will stand a better chance of receiving a hefty form of compensation. Transportation Network Accidents: What do we mean by transportation network company? Well, they are transport companies like Uber and Grab that interface between passengers and drivers at a fair and moderate price. Now traditional, taxi, cab or limousine service companies make their drivers go through rigorous vetting processes. Not only that, these companies make sure their drivers take out insurance policies that protect the driver as well as their passengers.  And in the event of an accident, a victim can pursue and recover compensations from the insurance companies. But for most transportation network companies, their drivers usually don't undergo cumbersome screening processes like taxi and limousine companies. Not only that, companies like Uber exempt themselves from any legal obligation by claiming that their job is only to facilitate fares between passengers and drivers. And therefore are not liable to any responsibility in the event of an accident. Pedestrians Accidents Pedestrians are prone to all kinds of accidents ranging from motorcycles, cars and even truck accidents, which can lead to severe injuries or even fatalities. And as such, compensations are required for injured victims or family members in cases that involve the loss of life. But the challenge is usually that insurance companies will try to persuade or force you into an early settlement because they want to pay you a meagre amount as compared to what should be a fair payment. That is why an accident lawyer is needed to tenaciously fight for you, in negotiating a reasonable compensation that is in equilibrium with the magnitude of the injury sustained during the accident. Dangerous road condition accidents: We live in a world where nature takes its toll on any artificial structure we put in place. This invariably translates to the fact that the road conditions will be acted upon by the force of nature. Now when an accident is caused by a person, it is usually very easy to get compensation from the liable person or party. But when it is caused by road conditions that are as a result of negligence by a certain arm of government responsible for the proper maintenance of the road. It becomes very cumbersome to get any form of benefits, as the bureaucracy involved when dealing with the government is much. But with the help of an accident lawyer who knows how to manoeuvre such barriers, it becomes easy to get a fair recompense. In conclusion, with all we have written above, it is crystal clear that accident attorneys are just about the most important factor or key needed in surmounting all the technicalities that may arise after an accident. Read Also: How To Choose A Personal Injury Lawyer Atlanta Law Experts: Know About Back Injuries Compensation Motorcycle Accident Attorney: Questions To Ask When You’re In An Accident Expert Advice: 5 Crucial Things To Do Immediately After An Automobile Accident

READ MOREDetails
Insurance Broking

UAE Insurance Authority Sets New Regulations for Insurance Broking

The UAE Insurance Authority has rolled out new draft regulations for insurance brokerage and online transactions. This draft has 13 chapters and 38 articles that explain insurance broking like governance, registration and licensing, the insurance broker and insurance company roles to the broker, insurance broker’s roles, solvency, mergers, financial reports and disclosures, supervisions, dispute settlements, and penalties. Who is an Insurance Broker? The new draft law defines an insurance broker as a juridical individual who intervenes in insurance or reinsurance activities between the insurance/reinsurance proposer and an insurance/reinsurance company and receives a commission from the insurance/reinsurance company. The provisions of the new draft apply to distribution channels, companies, and any other insurance-related business approved by the authority. These regulations focus on shielding policyholders and guarantee that they receive value for their money by purchasing various products. The New Insurance Law Provisions The new insurance law requires an insurance broker to adhere to these regulations for electronic transactions. Criteria for Insurance Brokerage Licensing A company must be established in the United Arab Emirates and registered based on the Commercial Companies Law. The company should own a share capital of AED 3 million or more. You need to pay AED 10 million or more and register with the UAE Commercial Law if you run a branch of a financial Free Zone or a Foreign Company. You can consult a law firm in Dubai to help you with these procedures. It is mandatory to submit an unconditional Letter of Guarantee from a bank; this is paid on demand to the Insurance Authority chairman board of directors. This can be fully or partially liquidated to guarantee the broker’s settlement of transactions and obligations. You must obtain an insurance policy to cover your profession at a value of AED 2 million for UAE companies and a minimum of AED 3 million for a financial Free Zone or a Foreign Company branch in the UAE. You must appoint the administrative and technical staff continually. You need convenient headquarters, software, and technical systems for your profession. It is also mandatory to have an internal control system to govern applications of laws, regulations, resolutions, and circulars in adherence to the Insurance Authority regulations. The next step is to submit the agreement between you and the bank, pay the full fees, and comply with any extra regulations. The Insurance Authority approves or rejects the application within 20 working days. Technical and Administrative Staff The technical staff of an insurance broker has specific regulations. It is a requirement to appoint at least 1 General Manager, Internal Auditor, Operation Manager, and 1 qualified worker for each type of insurance. Below are the qualifications for the appointment of technical and administrative staff; A natural individual enjoying full capacity An individual of good conduct; never been sentenced for freedom restricting punishment in a moral decadency crime without rehabilitation. Pays his commercial debts even if not declared bankruptcy. You need to notify the Insurance Authority of appointments, transfers, terminations, or modifications within 60 days. Roles of the Insurance Broker You must make internal by-laws and submit a copy to the Insurance Authority Dubai offices within 3 months after obtaining a license. You must review and update the internal control system continually; this ensures that you have proper laws, regulations, resolutions, and circulars. It is necessary to design an Operations Guide for periodical updates, risk management, and review it according to the rules. Create a professional code of conduct for the staff and supervise and plan their duties according to the Insurance Authority (AI). Collaborate with the internal controller to enable employees to perform their tasks and report any violations to the authority. You can only dismiss the internal controller by the board of management or board of directors’ decision; this happens if you notify the internal controller and IA of the dismissal at least 30 working days before the dismissal. Penalties The IA developed penalties so that insurance brokers do not violate the instructions, regulations, laws, and circulars.  If you violate any laws, you receive a warning that compels you to remove the infringement and ensure this does not happen in the future.  The IA might suspend you from practicing for a maximum period of 1 year. The Insurance Authority cancels licenses in the following incidences; Violating any license conditions Gross breach of your obligations Failure to renew your license (delay paying fines or failure to pay renewal fees) A final bank declaration associating you with bankruptcy The dissolution and liquidation of your practice Failure to practice your licensed profession within 6 months after obtaining the license If you obtained your license through false information. The insurance sector in the United Arab Emirates is expected to rise; this is why the Insurance Authority issued new regulations to govern insurance brokerage. Brokers have to adhere to set regulations or face penalties. Technical and administrative staff also has to meet various qualifications. This allows brokers to have a set of laws to refer to. Read Also: Insurance- Need of the time 5 Top Tips to Help You Hire The Perfect Attorney

READ MOREDetails
Take A Criminal Lawsuit Seriously

5 Reasons Why You Should Take A Criminal Lawsuit Seriously

Nobody wants to face any lawsuit charges against themselves. No matter how small the chargers are, it defines the course of your future. And this especially stands true if there are any criminal lawsuit charges against you. Facing a criminal lawsuit against you can affect your life in many ways. We live in a society where even if the charges are not proved, society starts seeing us in a bad light and maintains distance from the people fighting against the false charges. Yes, we have strict laws that take care of the charges after verifying their authenticity. However, that doesn’t mean you will take a criminal lawsuit lightly. Why Should You Take A Criminal Lawsuit Seriously? Criminal lawsuits can impact your life in many ways. If you ask any experienced criminal attorney, you will find that criminal cases sometimes run for several years. Even after the charges are false, if you are not active enough to prove them wrong, it can go on for decades and impact your life severely. Given below are a few reasons that show why you should take a criminal lawsuit seriously. 1. Affect Your Career: When you are dealing with a criminal lawsuit against you, your career will see a pause. Nobody wants to affiliate with an individual who has criminal charges against them. If you are found guilty of certain criminal activity, you will find it difficult to get hold of good career opportunities. Before hiring an employee, many employers run a background check. If they find out about your background, you will simply be denied the job no matter how much potential you have. 2. Affect Your Personal life: Having criminal charges filed against you will make it difficult for you to live a normal life. There will be times when your family members, relatives, and neighbors will bring that up in several conversations. This is more than enough to bring down your morale. In addition to that, criminal charges also limit child custody. If you are found with criminal charges, child custody is given to your divorced spouses, and you might not be able to meet your child. 3. Put You In A Bad Light In The Society: We live in a society where a mere criminal charge is more than enough to make others think you are a criminal. You will hardly find anyone consoling you or helping you. Everybody tries to avoid you and even maintain a safe distance. This can really affect you emotionally and mentally. People start seeing you as a low life in society and make your perpetrator for the things you haven’t done. Criminal lawsuit charges are like a black spot in your life. The sooner you deal with them, the better. 4. Mental Distress: Handling all the negative gazes of the people around you can be stressful. Stressful to the point, you start believing their gazes to be right. Even if there are false criminal charges, you will feel it is a burden. The false charges and negative gazes initiate psychological effects which impart anger, depression, fear, and sleeplessness. 5. Financial Losses: Court cases are quite expensive. There are a lot of expenses you need to invest in while handling all the lawsuits. Courtroom fees, lawyer’s fees, cost of resources, and cost of investigation are some to name a few. These charges keep on rising and compound themselves along with time. The longer your case goes, the more costly your lawsuit becomes. Hence, it is important that you implement the necessary measures to clear lawsuit charges. Bottom Line: Criminal lawsuits are the last thing you would like to have in your life. They not only affect your social life but your personal life as well. We always advise our readers to take immediate measures to hire a lawyer when a criminal lawsuit is filed against you. Delaying them will only add problems for you. The Rise of Digital Evidence in Criminal Lawsuits One emerging trend in criminal law is the increasing use of digital evidence in court cases. Today, almost every action we take leaves behind a digital footprint.  Whether it’s through emails, texts, social media posts, or even location data from our smartphones.   While most legal advice touches on the traditional aspects of criminal charges, few focus on how digital evidence can be a game-changer in legal battles.  Why Digital Evidence Matters  In many criminal lawsuits, digital evidence can be the key to proving innocence or guilt. For example, location tracking through a phone can prove someone was nowhere near the crime scene.   Social media activity could support an alibi, or surveillance footage from a smart device might clear up misunderstandings. Ignoring digital traces is a mistake that could negatively affect the outcome of your case.  How to Protect Yourself  When facing a criminal lawsuit, it’s important to understand how your digital behavior can influence your case.   First, avoid posting anything on social media that could be misinterpreted. Also, secure your personal devices to prevent unauthorized access. Hiring a tech-savvy lawyer who understands how to navigate digital evidence is crucial.  Legal Consequences of Digital Missteps Be cautious!  Something as simple as deleting a message or post could be considered tampering with evidence, and this could lead to additional charges.   The court views digital actions in real time, so preserving all forms of digital evidence is critical for proving your case.  Read Also: Civil Cases Versus Criminal Cases: What You Need To Know Tips To Choose The Best Lawyer In Your Country Few Reasons Why You Deserve To Hire A Personal Injury Lawyer

READ MOREDetails