Legal
Now that you have reserved your home, it is important that you
appoint a solicitor, who will ideally specialise in property, to
help you with your purchase. They will act strictly on your behalf
throughout the home-buying process and liaise with our solicitors
to ensure that all related matters progress smoothly.
If you don't already have a Solicitor, don't worry! There are a
number of firms that specialise in property purchase. If you
require some guidance on this matter, just ask.
Your Solicitor will check all the relevant documents relating to
the purchase of your new home. They are there to look after your
interests and will be fully involved throughout, keeping you
informed about key dates for signing and completing various legal
documents.
One of the main things your Solicitor will be involved in is the
exchange of Missives*. This will take place now that you have
reserved your new home. Once your Solicitor has confirmed that
everything is in order, they will arrange for you to sign a missive
with Westpoint. At this point, you will be required to pay a
deposit* to secure the property. This usually takes place two weeks
after reservation*. Once this happens, the contract between you and
Westpoint becomes legally binding.
At the reservation stage you will be advised of a target date of
entry for your new home (otherwise referred to as the Completion
Date) and should this proposed date vary as a result of
construction works either progressing even quicker than originally
forecast, or being delayed for example, due to weather conditions,
be assured that Westpoint will keep you fully informed. Your
Solicitor will also contact your lender (i.e. the bank or building
society providing your mortgage - if applicable) to ensure that the
mortgage funds will be released on that day. Thereafter, in
exchange for payment of the balance of the purchase price, our
Solicitor will arrange with your Solicitor for the Title* to the
property to be transferred into your name, making you the legal
owner.
*Definitions can be found in the glossary.