What does 'Solicitor' mean when buying a property?
Find out what Solicitor means when you are buying a property. 'What does Solicitor mean?' plus over 150 other property related terms and jargon in plain English
Solicitor
Although it is possible for the buyer or the vendor to do their own legalities when it comes to buying and selling properties most choose to hire a solicitor to act on their behalf.
The vendor will hire a solicitor to act on his behalf and you'll hire a different person to act on your behalf.
These individuals are legally qualified to handle property purchases and sales and should they miss something in the paperwork that later affects the value of the property you can sue them for compensation.
They are also sometimes also called conveyancers which simply refers to a part of the law associated with transferring property ownership from one person to another.
To find out how to choose a solicitor the smart way pick up a copy of my ebook How to Really Buy a Property.
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- Agreement in Principle
- Chain Free Buyer
- Chain Free Property
- Contract Race
- Conveyancer
- Conveyancing
- DX System
- First Time Buyer
- Further Enquiries
- Leasehold
- Local Searches
- Repossession
- Sold Subject to Survey
- Solicitor
- Tenanted Property
- Vacant Possession
- Title Deeds
- Contract
- Sellers Questionnaire
- Fixtures and Fittings List
- Power of Attorney
- Retention
- Property Details
- Title
- Attended Exchange
- Conditional Exchange
- Under Offer
- Gazump
- CML Handbook
- Council of Mortgage Lenders
- Pre Arranged Mortgage
- Draft Contract
- Drainage Survey
- Broken Chain
- Deal Chasing
- Time Costs Deals
- Managing Agents
- Gazumping Insurance