Property is a great investment opportunity and your attempts to secure your future and that of your family is to be commended. However, buying a property is not as simple as you may think and there are a myriad of minefields to pass through, before you come out unscathed, on the other side. Wouldn’t it be great if you could just see a property you like, get the money together and pay the owner. You then, move in all your stuff and continue on like nothing has happened. It doesn’t work like that in today’s highly structured and legal world, and many I’s have to be dotted and T’s to be crossed.
Buying a property is guaranteed to bring you lots of stress and that is why you need to look for good property lawyers in London. In the city of London, the amount of things you must do in order to own a home there, is just startling. There are a number of things that your lawyer needs to advise and help you with, like Conveyancing, mortgage lenders, zoning, new builds and the list goes on and on. If you are not currently a resident of London or this country, for example, buying and getting a property has just become even more complicated, and there is no way you can get through all the red tape without a property lawyer. When buying a property in the London area there are some things you need to do to make the experience as easy as possible and here they are.
- Know Your Property – It’s incredibly important that you do your homework with regards to the location of the property you are thinking of bidding on. It may look at like the dream home, but there may be things hidden that you are not aware of. The building may be listed and so you can’t make changes to it like you would a standard unlisted house. I know, it’s your house, you bought it and you think you can change it how you want. Well, you can’t and the amount of laws, there are about this issue are huge and vary from what kind of window frames and doors you can put on your home, to the colour that you can paint them. A lawyer will make you aware of issues with a property before you buy.
- Protect Yourself – An estate agent is not there to help you. They are there to help the seller and if there is something that has a grey area around it, then they will exploit it to its fullest. The higher they sell the property for, the higher their commission and so it is important to not get caught up in the proceedings of your first house purchase, and get carried away. A lawyer will keep you grounded and make sure that you stick to your budget, and don’t over extend yourself. Buying a new home is an exciting time but you don’t want to give the asking price, if at all possible.
Getting into a property without the services of a property lawyer, is a little crazy and you really do need someone to guide you through the property maze. Look into getting yourself a property lawyer today.