Legal Documents You Need To Buy Property

Purchasing a property is much more than a fantasy for the majority of individuals. A person devotes a considerable portion of their career to the purchase of a property. However, the home-buying procedure may be more difficult, particularly for first-time buyers. You can also get the services of a landlord solicitor to know more about the type of documentation. 

Buying a property is not a one-day process. It takes several days and requires a lot of documents before you finally own a property. According to HomeOwners Alliance, buying a property usually takes around 12–16 weeks. This blog will guide you in your property buying journey and help you get to know which documents are essential when buying a property.

Following are some of the important legal documents that you need to buy property.

TITLE DEEDS

Title deeds are the documents that confirm that you are the registered proprietor of the property.  Since land registry records have become digital now, probably, you might not have title deeds. You can get a copy of the document, which will confirm that you’re the proprietor of this house or property, and there will also be a digital record.

PROPERTY INFORMATION

Property Information is another essential document that contains practical details about your property. For example, location of gas and electricity meters, location of the stove, etc. This will help you know more about your property and the accessories or services that come with it. The seller provides it to the purchaser so they can study the property in detail and make the decision to purchase it or not.

LEASE COPY

Lease is a very important document that is structured for long-term occupancy. It’s a binding contract that outlines the terms and conditions to rent a property from one party to another. You should always have a copy of the lease with you. Usually, landlords have the original lease agreement, but you can also get a copy. You should always know what terms are included in the lease and what they mean. It can help you to avoid property-related insolvency.

WARRANTY AGREEMENT

A home warranty agreement is a contract signed by the homeowner and landlord or a home warranty company.  People often confuse it with insurance. It’s not insurance but a service that agrees to pay the cost of maintenance or repair electrical appliances, heating, plumbing issues, etc.

ENERGY PERFORMANCE CERTIFICATE

Energy Performance Certificate or EPC is another important document that the law states to include in selling a property or a house. This certificate shows whether your house is energy-efficient and how it performs in heating and power.

CONTENT FORM

The content form is another useful document that you should demand from the seller before buying a new property. The seller fills this form and tells you what equipment or accessories will be left in the house before they vacate it.

THINKING ABOUT BUYING A HOUSE? GET LEGAL ADVICE

Buying a house can be a tough task and requires plenty of documents. We can handle the legal work for you. Wembley Solicitors offer a wide range of legal services. Our services include getting a legal separation, car passenger accident claims, loan agreement disputes, or services related to UK immigration law, etc.

Contact us today to book an appointment.