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Purchase
Sale
Remortgage
Wills
Transfer of Equity
Probate
Power of Attorney
Tax and Trusts
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Purchase
 There are different types of
property purchases:
Residential
Purchase:
Usually through an Estate Agent, a Residential Purchase is when a
property is bought with the intention of the purchaser(s) using the
property as a primary or secondary residence.
Commercial
Purchase:
Usually through an Estate Agent, Auction or a
Property Club, a
Commercial Purchase is when the property will be used for commercial
purposes (e.g. Restaurant, Bar, Shop, Offices etc.). Depending on the
commercial use of the property, each purchase can differ greatly.
Off-Plan Purchase:
Sometimes through an Estate Agent, but usually through Development
Companies and Property Investment Clubs. An Off-Plan Purchase is when
the buyer enters into a contract and purchases a property that is yet
to be built based on the plans of the property – hence the term
“Off-Plan”. This type of purchase is becoming an increasingly popular
way to invest money, but make sure that you receive independent
financial advice and specialist legal advice before you enter into
contract. Powell Davies Solicitors have vast experience in acting for
purchasers of Off-Plan properties and we will help you every step of
the way.
Step-by-Step Guide to a Property Purchase
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