If you are buying or selling a property in Newport, it’s essential to work alongside trusted residential conveyancing solicitors who will help you complete the task smoothly. At Martyn Prowel Gartsides Solicitors, we have extensive experience in all areas of residential conveyancing and are on hand to provide legal support throughout the process.
We understand that buying or selling a property can be a daunting experience, so we aim to remove the stress of moving and make the process as straightforward as possible for our clients.
If you are buying or selling a property in Newport, contact us today to find out how we can help.
What is conveyancing?
Residential conveyancing is the process of transferring the legal title of a property from one person to another. The process can be complex and time-consuming, so it’s crucial to have experienced solicitors on your side who can guide you through every step.
At Martyn Prowel Gartsides Solicitors, we will carry out all of the necessary legal work on your behalf, including investigating the property title, dealing with property tax (if applicable), checking the contract and handling the transfer of funds. We will also liaise with other parties involved in the transaction, such as mortgage lenders, estate agents and surveyors. Our services are guaranteed a fixed fee to give you peace of mind throughout the process.
What to expect during the conveyancing process
Our residential conveyancing services are available to both buyers and sellers across Newport. Whether you’re just moving into the area or planning on leaving Newport for good, we can help make the process as smooth and stress-free as possible.
One of the ways we can make the process less stressful is by preparing you with the process that will unfold. That way, there are no nasty surprises, and you can focus on your move. Here’s a quick overview of what you can expect from our residential conveyancing services:
- Instructing a solicitor:
Once an offer is made on the property, you must instruct a solicitor to carry out the conveyancing process. This can be done by contacting Martyn Prowel Gartsides Solicitors online or via telephone. We’ll get to work as soon as instructed.
- Carrying out searches:
Making a seamless start to the conveyancing process, your dedicated solicitor will conduct several searches on the property. This will include the local authority, environmental and water searches, as well as checks on the history of the property.
These searches are designed to reveal potential problems that could affect the property or its value. This stage is also vital for your mortgage lender as they will need to ensure that the loan they are providing doesn’t exceed the property’s market value.
- Exchanging contracts:
Once the searches have been carried out, and all parties are happy to proceed, the next step is to exchange contracts between the buyer and seller. Once signed, the contract creates a legal agreement between you and the other party, which binds the purchase of the property.
Your residential conveyancing solicitor will prepare the contract on your behalf. They will be diligent in ensuring that all contract terms are included and negotiated with the other party. Once the contract terms are agreed upon, both parties must sign the document, and a completion date will be set.
- Completion:
The final step in the property purchase process is completion. This occurs when the balance of the purchase price is paid, and the buyer becomes the new legal owner of the property.
For this to occur, your solicitor will conduct various tasks. If you have purchased the property either as a cash buyer or with a mortgage, your solicitor will transfer the funds to the seller via the required banking system. If applicable. They will then complete the payment of stamp duty land tax or land transaction tax and finalise the transfer of ownership with the HM Land Registry.
Completion day can be stressful for many buyers and sellers With Martyn Prowel Gartsides Solicitors, you can rest assured that our residential conveyancing solicitors will take care of the legalities on your behalf. All you need to do is focus on moving into your new home in Newport.