First Time Buyers
If you are buying your first home, we know it can be a stressful and daunting experience. Our expert team are on hand to guide you through the process, step by step.
First Time Buyers
Personalised Property Guidance for First-Time Buyers from Trusted Professionals
Purchasing your first property is an exciting journey but
can seem challenging. Our dedicated team of residential property solicitors and conveyancers are here to support you every step of the way.
We understand that the process can feel overwhelming, which is why we have developed a comprehensive set of FAQs and a helpful timeline to help guide you through. These resources are designed to alleviate stress by clearly outlining what information we need from you, the reasons behind it, and the expected duration of each stage in the process.
We take pride in our commitment to clear communication, strong technical expertise and our proactive problem-solving approach. By collaborating closely with you, our conveyancing team is equipped to identify and address potential issues early on, helping to prevent unnecessary complications and delays.
We understand that every property transaction is unique, and therefore, we tailor our services to suit your specific requirements. You will be assigned a dedicated solicitor/conveyancer who will take the time to understand your situation, address the legal aspects pertinent to you, and guide you through the property purchase in a straightforward and jargon-free manner. We look forward to assisting you on this exciting journey!
Located in St Albans, Harpenden and Luton, our services extend to clients throughout Hertfordshire, Bedfordshire and the rest of the UK, and we have exceptional trusted relationships with many of the estate agents and developers we collaborate with.
“Used Taylor Walton as my solicitors for buying my first home. Completed last week and haven’t got a bad word to say about them. Super friendly, down to earth and everything clearly explained. Made the process smooth and was reassured throughout. Can’t fault their service – excellent!”
Client 5* Review
The process of purchasing a property
Confused about the conveyancing process? Click here for a breakdown of our Key Terms for First-Time Buyers.
FAQs
Frequently asked questions
How much will your services cost?
Please refer to this link Residential Conveyancing Pricing – Taylor Walton
What does a solicitor do in the home-buying process?
Your solicitor handles all the legal work – checking the property title, conducting searches, preparing contracts, managing funds, and registering your ownership with the Land Registry.
When do I need to pay my deposit?
You’ll usually pay a 10% deposit when contracts are exchanged. Your solicitor will need to be holding this to exchange, they will tell you exactly when and how to transfer the funds safely. Any additional deposit due prior to completion. Please note that we request £500 upfront to start our work.
What is completion day?
Completion is when the purchase money is transferred, you get the keys, and the property becomes legally yours. It usually happens a week or two after exchange.
What fees will I need to pay?
Typical costs include solicitor’s fees, Land Registry fees, Stamp Duty (if applicable), and search fees. Your solicitor will provide a full breakdown at the start. Please contact us for a bespoke quote here.
Will you check for any issues with the lease or title?
Yes. We review the title deeds or lease documents to confirm your legal rights, obligations, and any restrictions before you commit to purchase.
What happens after completion?
Your solicitor will register your ownership with the Land Registry, pay any Stamp Duty due, and send you confirmation once the registration is complete.
What happens if the purchase falls through?
If you have instructed us to start work on your matter and it does not proceed to Completion, we will levy an abortive bill to reflect the time spent working on your matter up until the point you instructed us not to proceed any further. The bill will also include any disbursements (such as search fees etc.) incurred on your behalf in connection with the transaction.
How long does the conveyancing process take?
Each case is different. On average, it takes 8-12 weeks for a freehold (house) and 10-14 weeks for a leasehold (flat) from your offer being accepted to completion. Though this can vary depending on the property chain and mortgage arrangements.
What are property searches, and why are they needed?
Searches check for issues that could affect the property, such as any planning permissions and building regulation consents obtained, if there are any planning restrictions, whether the road is adopted (maintained by the council), if there are any proposed road/rail construction schemes in the vicinity, whether the property is connected to mains water/sewerage, if there is a risk of ground instability issues and flood risks. They protect you from unexpected legal or financial problems later.
What happens when contracts are exchanged?
Exchange makes the sale legally binding and commits both seller and buyer to complete on an agreed date. Both parties sign identical contracts, and a completion date is agreed. If you pull out after exchange, you may lose your deposit.
How do I transfer the money safely?
Your solicitor will provide their client account details and advise on secure payment methods. Always verify bank details by phone before sending any funds to avoid fraud.
What documents do I need to provide?
This will be detailed by our Taylor Walton Welcome team, but on all transactions we require formal identification for each person we act for. We will also require proof of your source of funding for any purchase transaction. Please note that for any persons giving a gift, we will also require formal identification and source of funds.
How will you communicate with me throughout the process?
Generally speaking all correspondence is sent via email, but on some occasions we will need to contact you in hard copy, by post. Generally, telephone and email is the preferred method of communication.
Will you handle the transfer of funds?
All funds relating to the transaction will pass between the buyer’s solicitor and the seller’s solicitor. Monies should not pass direct between buyer and seller.
Our bank details will be provided to you by hard copy at the start of your transaction, please retain these details for the entire transaction.
We will never notify you of a change to these details over email or by telephone.
Buying your first home is a huge milestone. Click here for our Top Tips for First Time Buyers
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