What professional services are needed?

• You will need a solicitor to managing the legal process of buying property. Called ‘Conveyancing’, this includes researching, documenting and transferring ownership of a property, filing records in state registries and paying government stamp duty on the sale. Your solicitor will also carry out ‘Searches’ to ensure that the person selling the property has a legal right to sell it and that there is nothing on the title (such as another mortgage) that might affect you, and to check for planning permission.
• A professional valuer is also required to provide a report that describes the property and estimates its market value. The valuer must be acceptable to the Bank.
• The Valuation Report is not a detailed structural or planning survey and we strongly recommend you have one carried out by a qualified Surveyor for your own peace of mind.