When buying a property you want to get the best possible deal for your money. However, if you are considering purchasing a property that is listed below its market value, there are a number of important factors to consider before committing to this substantial investment.
Wilford Smith's Residential Conveyancing Solicitors can offer expert advice when it comes to making a below market value (BMV) purchase. We are excellently placed to advise you throughout the conveyancing process, whether you are looking for a new home for you and your family or to make an investment for the future.
With a BMV purchase, it is vital that you carry out proper due diligence before committing to buy. In addition to visiting, inspecting and having a survey carried out on the property, our solicitors can carry out a number of legal searches to make sure there is nothing else that you should be aware of. In some circumstances, you may find yourself buying a BMV property from a member of your family either to help you get on the property ladder or as an advance on an inheritance. These types of transactions can have important tax implications for the party selling the house and advice from an experienced Conveyancing Solicitor should be sought to avoid any unwelcome surprises.
Contact our Residential Conveyancing Solicitors, Sheffield and London
Our BMV Experts are based in Sheffield and London, and advise and represent clients throughout England and Wales. Contact us today on 01709 828 044 to find out how we can help.