What To Do After Conveyancing Is Complete

Completion day is always an exciting time when you are buying or selling your home. However, just because the conveyancing is complete, it doesn’t mean that it’s the end of the journey. You may think that getting the keys to your new home means it is all done and dusted. However, there are still things that you need to do. There are things that your conveyancers in Peterborough need to do too.

Things You Need To Do After Conveyancing Is Complete

As soon as you enter your home whizz round with a camera. You need to grab the meter readings for your gas, electric and water. Having these photos saved will give you the evidence you need if there was a disagreement with the previous owners or the suppliers.

One thing that can be missed is your address changes. Make sure you contact all companies and organisations that need your address. It’s a good idea to set up a redirect with Royal Mail. This way if you have missed any contacts, you can still get post from them. In addition, you will be able to give them your correct or new address.

Make sure that your new home is registered on Land Registry Property Alert too. This will help avoid potential fraud or identity theft.

Things Your Conveyancing Solicitor Will Do Once Conveyancing Is Complete

Your conveyancing solicitors work isn’t done when you complete on your house either. You will have paid your Stamp Duty Land Tax, also known as Stamp Duty. The solicitor will now file the SDLT return and pay any tax to the HMRC.

If your new home is leasehold, a covenant in the lease will likely be required to obtain notice of assignment from the landlord. At this point, your conveyancer in Peterborough will formally notify the freeholder that you are the new lessee of the property.  A fee may be required by the landlord, but details of this will often be contained in the lease.

Once the SDLT return has been filed and taxes paid, the conveyancing solicitor will register you as the new owner at the Land Registry. They will also use this form, the AP1, to register your mortgage against the property.

Any declaration of trusts must be registered too. If, for example, you are buying your new home as tenants in common, it’s as good idea to have a Declaration of Trust drawn up. This will set out how each of your holds your share of the property. This can all be managed by our residential conveyancing solicitors on your behalf.