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Conveyancing Solicitors Manchester Why You Need Them
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When people buy property, the whole process can appear quite a bit tedious and confusing. The long drawn out arrangement becomes too stressful to handle at times. In order to make the process simple, you might want to split the whole process into different distinct stages. The process of conveyance starts from the moment an agreement has been made among both the parties involved in the process. The transaction process is set off by the solicitors of the buyer and the seller. Both the solicitors have different tasks to perform in this process.
The Conveyancing solicitors Manchester representing the seller will obtain all the necessary documents from the owner such as the property deed. The solicitors on the buyer’s side will have to do the researches necessary for obtaining the property – such as the environmental concerns and the water issues. If the buyer has a mortgage in mind, the solicitors are the ones who will be applying to a mortgage company on behalf of their clients. The buyer needs to have an official written document of the arrangement before the proceedings for the mortgage can be arranged.
The second stage is the exchange of contracts which takes place. When a person is simultaneously selling off and buying a property, he needs to have the paperwork for both done together, for faster completion of the formalities. The exchange of contracts usually calls for a deposit amount. The completion of the process takes place within two or three weeks of the exchange. The buyer’s solicitors will then clear the stamp duties and other formalities which come along with the job. At the end of the day it is the solicitors who handle all the paperwork and do all the tedious work on your behalf, leaving you to enjoy the feeling of having bought a new property.
So know you know why when Conveyancing Manchester you need your solicitor beside you.
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