It's not uncommon for people to tell you to obtain independent legal advice for a situation you have found yourself in, especially when it comes to conveyancing matters. Often lenders will tell you to seek advice from a solicitor regarding your purchase. This happens for numerous reasons, according to the expert team of solicitors at Grant Saw Solicitors LLP in Greenwich and Blackheath in the United Kingdom.

One of the common reasons for independent legal advice in 2022 is that you are purchasing a property under a private limited company. When it comes to entertaining a mortgage agreement without being registered on the title of the property, it is likely your lender will require this legal advice as mandatory before continuing.

Independent legal advice is provided by a solicitor. It is essential you seek this advice, as this can impact your decision on whether or not to proceed with the purchase. The solicitor is responsible for informing you of any risks and potential hazards you may face should you go ahead with the purchase, but the decision is still yours to make. They will not make the final decision for you.

Independent legal advice explains the general basis of any documentation and the consequences contained therein, especially when it comes to defaulting on the mortgage. The solicitor cannot determine what the probability of these consequences will be, but they can give you an overview of things you must consider before proceeding.

“It is important to understand that once you have signed the documentation confirming you have received and understood the advice, this means you are unable to later argue that you did not understand your obligations under the mortgage,” said Ray Crudgington, the Managing Partner at Grant Saw Solicitors LLP. “Therefore, it is crucial that if anything is unclear, you seek clarification from your Solicitor before signing on the dotted line.”

Grant Saw Solicitors LLP is based in London, providing a range of legal services to private and business clients. The company has been operating since 1851 offering independent legal advice to clients, along with a range of other solicitor services.

About Us:

Grant Saw Solicitors LLP is a London based solicitor that provides legal services to private and business clients. The firm has been operating since 1851 offering legal excellence and a modern and friendly approach. They are recognised for their excellence with numerous accreditations. Being members of Lawnet, they share ideas and resources. Grant Saw Solicitors LLP are based in Blackheath and Greenwich, both offering disabled access. Their extensive range of legal services ranges from tenant and landlord disputes to residential property transfer, commercial property, insolvency, employment and dispute resolution. Full details can be found at https://grantsaw.com.