Jacob Law Articles

What steps will Jacob Law Property Solicitors take on your behalf to help you successfully purchase your new home?

TITLE

We will check if there are any problems with the Title.

This action will prevent you getting into any troubles in reselling.

If you’re planning to purchase a property at auction, you will be required to pay a non-refundable deposit and sign a binding contract. That’s why you should always consult with us in advance.

LOAN

You will have to make sure you have everything the bank will need from you, so you don’t get into any difficulties or delays with the loan.

We can help with advising you and following up with the bank on your loan. We can also advise you what will happen if you skip a loan repayment or cannot make repayments.

OWNERSHIP

We can advise on property purchase:

On your own name
On the joint name
With the spouse

We can also advise you on what rights your co-purchaser, civil partner or spouse will have once the property is purchased, what happens in the event of death.

CO-OWNERSHIP AGREEMENT – This is a legal agreement between two or more people who are in the process or have bought a property together. We can help tailor the co-ownership agreement to suit your needs.

TOTAL COST ESTIMATE

Depending on the property type and purchase price, we will calculate and provide you with the total cost, including:

Jacob Law Property Solicitors professional fee
Outlays chargeable
Searches
Commissioner fee
Land registry fee – registering your mortgage
Land registry fee – registering you as the owner(s)
Administrative costs – sending your deeds to your lender
Local property tax
Stamp duty

JACOB LAW PROPERTY SOLICITORS’ ACTIONS ON YOUR BEHALF

Here is a list of all the actions Jacob Law Property Solicitors will take on behalf of their clients:

Exchange the contracts
Negotiating and raising any title queries with the seller’s solicitor
Closing documentation draft
Title searches
Exchanging of contracts
Raising and negotiating any title queries with the seller’s solicitor
Drafting closing documentation
Title searches (the examination of public records to determine and confirm a property’s legal ownership.)
Giving an undertaking to your bank (Letter of Undertaking (LOU) is a bank guarantee given by one bank to another bank on behalf of the customer for repayment of the loan)
Loan cheque ordering for closing
Closing the sale
Post-closing matters such are stamping and registering title to the property
Sending title deeds to your bank
Giving a certificate of title to your bank

WHICH DOCUMENTATION WILL WE REQUIRE FROM YOU AT START?

You will have to provide us with your:

Identity evidence (e.g. passport, driving licence, bill, bank statement)
Marriage certificate/separation agreement or judicial separation order/a decree of divorce or decree of dissolution of civil partnership – whichever applies to you
PPS number

BEFORE HIRING JACOB LAW

Do not sign anything for anybody
Do not pay a deposits.
Do not order any appliances, furnishings, or oragnise any works on the property until the purchase is completed

Useful links:

Property Registration Autority

Property Deeds – Citizen Information

Commissioners for Oaths – Citizen Information

Local Property Tax – Revenue

With fully transparent and automated processes, and unrivalled experience in buying and selling properties, Jacob Law solicitors will make the process of purchase and/or selling a property as easy as possible for you. Our legal services are specifically tailored to your needs. We provide a nationwide service and you can meet us online from the comfort of your home.

Visit Jacob Law Property Purchase Page and get in touch with us!

What steps will Jacob Law Property Solicitors take on your behalf to help you successfully purchase your new home​?