Solicitors and Estate Agents
If you are buying or selling a house in Scotland, when does it all finally happen? The “settlement date” is the date on which the purchaser will pay over the price for the property they are buying and the day that the seller will release the keys to the purchaser. This is also known as …
What is the “settlement date” and what happens then?Read More
You need a Guardianship where an adult has become legally incapacitated and they did not have a continuing Power of Attorney in place. Here’s one way to go about finding an appropriate solicitor to help you apply for appointment as guardian to another. Typically, this will be where the incapacitated person is a close relative, …
The best way to find a solicitor for a Scottish guardianship applicationRead More
On the day of settlement of a house sale in Scotland, an exchange is made between the purchaser and the seller. The purchaser pays the price for the house and the seller releases a key. This process is done between the solicitors who will inform their respective clients as to when the price has been …
What is “vacant possession” if you’re buying a house?Read More
Quite often, Offers are made by purchasers who either still need to secure a mortgage or sell their own property. In order to be transparent to the seller and to protect their own position, they will make an Offer conditional on them obtaining a mortgage and/or selling their own property. At the stage of making …
What is meant by a “conditional offer” for a house or other property?Read More
Are you worried about the time limit on your formal letter? It is common practice for formal letters to contain a clause at the end to state that its terms should be accepted in writing within 5 working days, failing which the Offer/Written Acceptance shall be withdrawn. What’s the reason for the time limit? The …
Should you be worried about the time limit on your formal letter when buying a house?Read More
The short definition of conclusion of missives… When there is agreement between the buyer and seller as to the price and date of entry. As well as any other ancillary legal matters (e.g. the fact you’re buying the cooker in the house too). And this is documented in “formal letters” sent between their respective solicitors. …
What does “conclusion of missives” mean in house buying and selling?Read More
When you are considering buying a property, it can be difficult to work out what to do first. See a mortgage adviser? Find a house? Contact a solicitor? There are no rules but it is a sensible idea to see a mortgage adviser or a bank first. That way you can find out (a) if …
Should you find a solicitor before you look for a house?Read More
NOTE: This is third article in a 3-part series about the steps you need to consider, from a legal perspective in Scotland, if a loved one has passed away. The first part is here and the second article (about what happens if someone dies with a Will in place) is here. Although we encourage everyone …
