Purchasing a property in the UK is different from that in China. Both buyers and sellers need to hire lawyers, and these lawyers need to be involved in the entire property transaction.But many people don't understand the importance of a lawyer in the entire transaction process.Therefore, today the British real estate editor will introduce the importance of British real estate lawyers in what aspects?
Purchasing a property in the UK requires both the buyer and the seller to hire a lawyer, because the lawyer's job is to ensure that the property transaction complies with British legal regulations. They will help buyers collect relevant backgrounds and information about sellers to avoid encountering unscrupulous sellers or developers. Lawyers will investigate the title and background of the home , draw up and exchange contracts, and provide assistance with post-sale registration to ensure that buyers purchase their ideal UK property smoothly.
The functions of the buyer's lawyer include: attesting through anti-money laundering laws, reviewing contracts, assisting with house payments and loans, and communicating with developers. From finding a lawyer to handing over the house, you probably have to go through these steps:
Hire a lawyer → The buyer pays the down payment to the lawyer and confirms the contract; the lawyer reviews the contract and pays the deposit to the developer → The buyer and seller sign and exchange the contract →House buyer: Pay the final payment to the lawyer within the specified time, the lawyer will assist in completing the delivery contract, and pay the final payment to the developer→Complete the delivery.The entire process will take about 3 months unless expedited.
The job of British real estate lawyers is not only to ensure that the real estate transactions conducted by buyers and sellers comply with legal regulations, but more importantly, they have to handle the large amounts of money involved in buying a house. Therefore, no matter how good the buyer's English proficiency is, it is recommended to choose a lawyer who can speak Chinese.Generally speaking, real estate agents will recommend strong and qualified lawyers to assist in the home buying process.
