The By Lawyers Purchase of Land Guide has been reviewed and updated to ensure that the commentaries and precedents are in line with current law and conveyancing practice.
The extensive review was performed by our author Marcella King. As with all our authors, Marcella takes a practical approach, drawing on her considerable experience to cover all aspects of procedure, with a focus on practical tips that will help solicitors and conveyancers confidently run a purchase matter to completion.
The commentary has been expanded:
Undertakings are explained in more detail.
The unregistered land section has been improved.
Adverse possession claims and procedures are discussed in greater detail.
A new section on finance and funding draws together all the financial aspects of the transaction, including mortgages, taxes and help to buy funding.
Issues surrounding short term lets, for example Airbnb, are discussed.
The section about pre-exchange searches has been expanded.
The process by which contracts are exchanged has been amplified, including a worked example of using Formula C.
Post-completion tasks are discussed in greater detail.
The retainer instructions have been updated.
The to do list has been updated.
The summary of the conveyancing process has been updated.
The matter plan now includes new precedents:
New and amended possible enquiries, including a set specifically for new build properties.
A letter sending the help to buy ISA declaration to clients, and a link to the declaration itself.
An access undertaking for use when buyers would like access to the property between exchange and completion.
We invite you to explore this updated publication and to consider the wealth of assistance the guide offers for solicitors and conveyancers acting in residential purchase matters.