Making the legal side of moving home faster with fresh technology
Gloucestershire-based legal firm WSP Solicitors prides itself on make conveyancing less complicated by explaining the process of moving home each step of the way.
SoGlos caught up with head of residential property Lucy McCallum to discover the key things to keep an eye on when buying a home and how the firm is driving its technological developments forward to support clients.
About the expert – Lucy McCallum, board director and head of residential property at WSP Solicitors
Lucy McCallum is a director and head of WSP Solicitors residential property team. She qualified from Bristol University in 2013 and joined WSP Solicitors in 2016, becoming head of residential property conveyancing in 2020 and a director of the firm in 2021. In 2022, she became a board director.
When it comes to buying
a home what are the key things to consider legally?
It is really important to know whether there are any
covenants on the title which may prevent you for using or developing the
property in the way you plan to.
You should check the property benefits from all the
rights of use you will require and if the property is subject to any rights you
would not be happy with.
If a property is leasehold, this means you will only own
the property for a fixed period of time. There will be restrictions on what you
can and cannot do to the property. You will also need to pay service or maintenance charges and possibly an annual ground rent as well. It is
important you are fully aware of how it will affect the affordability of owning
the property.
What do you need to bear
in mind when you’re selling your home?
If the property is unregistered, the property will not be
registered with the Land Registry and you will need to prove you are the legal
owners by providing the original title deeds.
You should check you have all the relevant planning
consents and building regulations certificates for all works carried out at the
property.
You should also check any covenants affecting the
property to ensure you have complied with them. For example, there may be a
covenant against extending the property without the original developer’s
consent or a covenant against using the property for trade or business.
How can WSP help?
We make conveyancing less complicated by explaining the
process to you each step of the way. We keep you updated on the progress
of your transaction. We explain legal terms in plain English. We are proactive and find practical solutions to any issues that arise so we can
complete your transaction as quickly as possible for you.
On average, how much should people be budgeting for selling and buying a house in legal fees?
This depends on the value of the property. For a
first-time buyer purchasing for between £200,000 and £250,000, legal fees would
be around £1,400 plus VAT plus searches for around £350 with no Stamp Duty
payable.
For a buyer of a property between £500,000 and £750,000, fees
would likely be in the region of £1,500 to £1,750 plus VAT, search fees of
around £350 and Stamp Duty and Land Registry fees on top.
How long do the legal
processes typically take?
Generally, a straightforward sale or purchase will take
between eight and 12 weeks from the date the contract papers are issued. This will
depend on a number of factors such as how long the chain is, how quickly the
other party’s solicitors progress the transaction their end and how complex the
title is. Leasehold properties tend to take slightly longer as there is more
work involved.
What can a person do to
speed things up on their own behalf?
Be prepared. If selling, instruct a solicitor when you
are putting your property on the market. You can then complete the property
information form and fittings and contents form and gather all certificates,
guarantees and consents in advance. As soon as a buyer is found, your solicitor
will be ready to issue the contract papers without any delay.
If buying, instruct a solicitor as soon as you have your
offer accepted and apply for a mortgage if required. Gather all relevant
source of funds evidence for the money you are putting towards the purchase.
Instruct a local firm, like WSP, who will have in-depth
knowledge of the area.
What would you like to
highlight about WSP conveyancing procedures?
WSP Solicitors is part of the fabric of Gloucestershire.
The firm has been working for the people of the county for more than 250 years. We
are proactive and always put our clients first. This includes communicating
with clients using their preferred method. We communicate with other solicitors by email to avoid any delays with post.
As well as detailed knowledge of Gloucestershire, we also
have long standing relationships with many local agents and search providers.
As a firm we are always looking to enhance the process
and experience for our clients, which includes using new technologies.
We are
currently developing a mobile app to help speed up the onboarding process and
improve communication with clients during the conveyancing process.
It will act as a portal for clients to sign e-forms and keep a close eye on tracking the process, so they can see who we're waiting on and live chat with us too. We're in the testing phase now and will roll it out this spring.
Gloss