Law and real estate in Cambridge

 

Cambridge is a small city of about 100,000 people, located in Cambridgeshire. The city is famous for its university, as well as for being a hub for technology. These two factors have made Cambridge one of the most sought-after places to live. Property prices in Cambridgeshire are nearly doubled in Cambridge itself.

The procedures for buying a house are complex and involve multiple parties. In most home sales a homebuyer will require a mortgage, and the house being bought will already be mortgaged by the seller. This situation requires the buyer’s solicitors to, upon completion, transfer the funds for the house from both the new bank and the buyer to both the seller and the old bank. In return the seller’s solicitor will ensure the charge on the house (the existing mortgage) is removed and the title is transferred. This process is referred to as conveyancing. Cambridge solicitors who specialise in property perform these tasks for their clients, but that is not all they do.

Other than conveyancing, Cambridge property lawyers must ensure that the property has a ‘good title’, meaning it does not have any disputes or uncertainty regarding ownership. The solicitors must also ensure that the rights attached to the properties are appropriate for the buyers' needs and that the restrictions are well known and acceptable.

If you are thinking of relocating to Cambridge, conveyancing specialists will probably be able to help you acquire the right property. The complexity associated with the conveyancing process has made the use of solicitors standard practice.

If you would like help finding recommended solicitors local to Cambridge, Contact Law can put you in touch with a firm we work with free of charge. So, if you have any questions please call us on 0800 1777 162 or complete the web-form above.

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