Buyer's solicitors job
A quick list of tasks for the buyer's Solicitor in Northern Ireland are:
- examination of ownership documents
- examination of contract
- making disclosure requests from the sellers Solicitor
- requesting and on receipt examining all necessary reports on:
- planning status
- building control Issues
- roads
- sewers
- water
- energy performance certificates
- rights of way, access and usage
- bankruptcy and court judgement details against the seller
- searches in Land Registers against the property and the seller
- reporting to the buyer and settling details on:
- valuation, timber and structural survey reports
- fixtures, fittings and contents proposals
- title details
- contract proposals
- drafting and preparing for signature
- transfer documents
- mortgage deeds
- stamp duty land tax self assessment tax returns
- having the buyer sign the
- mortgage deed
- contract
- fixtures, fittings and contents lists
- stamp duty land tax return (and possibly associated Power of Attorney)
- protecting lenders interests by checking:
- the buyers identity
- the buyer's life insurance protection is on risk
- reporting to the lender on title details
- reporting any adverse problems to the lender
- requesting
- the deposit from the buyer and paying to the seller's solicitor
- mortgage funds from the lender
- the balance funds from the buyer
- effecting completion
- paying the funds over on completion
- paying the stamp duty land tax to the Inland Revenue
- key arrangements
- registering in the land registry
- ownership transfer documents
- lenders mortgage documents
- finalising
- closing searches on completion of registrations
- collating all ownership documents and sending to lender to keep as security
- closing the Solicitor's file and storing it for twelve years in case of future dispute
Legal content supplied by Wilson Nesbitt Solicitors.