Buying or Selling a Property

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In recent years, changes in legislation have resulted in an increase in the amount of information
and paperwork which buyers and sellers are obliged to hand over to their solicitors, following their
appointment.
Moving home or investing in property is exciting, and with careful preparation, the client can assist
their solicitor in making the property transaction as slick and as stress-free as possible.
Any potential client, whether buyer or seller, might like to consider the following:
• Choose and instruct a solicitor as soon as possible.
• If you are selling, gather together all documentation relating to your home, including any work you
have done to it. Make sure it is in order with your solicitor before you have a definite buyer., so that
a contract package can be issued without delay.
• If you are buying, make sure you can demonstrate where your purchase funds are coming from
because your solicitor must comply with legislation concerning money laundering and mortgage
fraud and must maintain an ongoing process of due diligence ( do not take it personally, it is just an
unavoidable process).
• That ongoing duty of due diligence also requires you to prove your identity to your solicitor,
irrespective of whether you are buying or selling. Be prepared for some potentially probing enquiries!
Janine Heil, Partner,
Leigh Duncan Solicitors
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