A UK solicitor plays a crucial role in the property purchase process. Here are some of the key roles and responsibilities of a solicitor: Conducting due diligence: A solicitor will conduct thorough due diligence on the property to ensure that it is free from legal issues, such as disputes, charges, or restrictions. Checking legal documents: A solicitor will review the legal documents associated...
To ensure that the property you are interested in is free from legal issues, it is important to undertake thorough due diligence. Here are some steps you can take: Conduct a property search: A property search can reveal important information about the property, such as whether it is subject to any legal restrictions, has any pending disputes, or has any outstanding charges or liens. You can obtain a...
As an overseas buyer, purchasing property in the UK may have tax implications both in the UK and in your home country. Here are some key tax considerations to keep in mind: Stamp Duty Land Tax (SDLT): SDLT is a tax on property purchases in the UK. As an overseas buyer, you will be subject to SDLT on your purchase, with rates varying depending on the property value. The rates are generally higher for...
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