First time buyers conveyancing solicitors
If you are looking to purchase a property as a first time buyer, you might be missing out on the excitement of buying your first house due to worries over all of the steps and costs involved in buying a house as a first time buyer.
To help with this, our first time buyer solicitors have put together some top tips and advice as to how the process will go, and what will be involved, to allow you to focus on the excitement of this big life step.
Am I a first time buyer?
Before you any further with your property purchase, or do any more research into buying a house as a first time buyer, it is important to establish that you are definitely classed as a first time buyer by the government. In order to qualify as a first time buyer, you must have never owned a freehold or leasehold interest in any property before.
Because of these rules, if you have inherited a home from a family member, you cannot be considered a first time buyer. On top of this, the property that you are purchasing must be intended to be your primary residence.
Do first time buyers need a solicitor?
The short answer to this question is yes. You cannot buy your first property, or any other property, without doing so through the legal conveyancing process of transferring the property ownership titles.
This is a technically challenging job, and if one mistake is made, it can have seriously damaging and expensive repercussions in your property purchase further down the line. Because of this, it is always best to work with an experienced, reliable conveyancing solicitor for your property purchase, especially as a first time buyer.
As it is your first time going through the conveyancing process, you need the help of a fully-qualified solicitor who specialises in residential property transactions.
How do first time buyers choose solicitors?
As previously mentioned, it is more important than ever to choose a reliable conveyancing solicitor as a first time buyer. You have never been through the conveyancing process before, and this makes it even less likely that you would recognise if your conveyancing solicitor was making mistakes, taking too long to get things done, or missing any important steps.
Research- First and foremost it is important to do a good amount of research before choosing a conveyancing solicitor, and making sure that the one you choose to work with is right for you. Look at the services that the conveyancing solicitors offer, the size of the team, and get a feel for the people before making any decisions.
Fixed-fees- It is also advisable to opt for a conveyancing solicitor that offers clear, fixed-fees on their conveyancing services. As a first time buyer, the last thing you want is to incur further costs or hidden fees later down the line that you can’t really afford to be forking out for.
Reviews- As part of your research into finding the right solicitor, make sure to read plenty of reviews of the ones that you are considering. If a conveyancing solicitor is not open and transparent about their client reviews, this could be an indication that they are not proud of the feedback given by their customers, and that it is not of a high standard. For a full overview of our reviews at MG Legal, see this here.
First time buyer solicitor fees:
There are no set rules on the fees charged by conveyancing solicitors, or how these fees are charged. Many conveyancing solicitors will offer their services at a seemingly low cost, but their clients may find that there are problems with the standard or service received, delays in the process, or there are actually hidden fees further down the line that they were not aware of.
First-time buyer fees checklist:
During the process of buying your first property, there are a number of fees that you will incur and have to pay. Our first time buyer solicitors have put together a list of these costs and fees, here:
A mortgage booking fee
The search costs
Stamp duty fee may apply depending on Purchase Price
First time buyer solicitor near me:
If you are looking for a first time buyer solicitor in the north-west, who can help with your conveyancing needs, look no further than MG Legal. Our conveyancing team are friendly and approachable, and always ensure that first time buyers are given all of the support and assistance necessary throughout the conveyancing process.
Our solicitors are always open and transparent from the outset with all of our clients, and especially first time buyers, about all of the costs and fees included, and offer a breakdown of how these fees work.
Whether you’re looking for a first time buyer solicitor in Preston, a first time buyer solicitor in Lancaster, or anywhere else in the Lancashire and surrounding areas, MG Legal are here to help.
Contact MG Legal’s first time buyer solicitors:
If you have any questions or queries about our conveyancing services, fees, or anything else, or simply wish to speak to a conveyancing solicitor about your property purchase as a first time buyer, do not hesitate to get in touch with MG Legal today,