Our Commercial Property Development Law
Services Include:

• Purchase and Sale of Commercial Property
• Purchase and sale of Development Sites
• Sourcing suitable projects, finding suitable sites for construction and negotiations for their surrounding purchase
• Pre 63 Properties
• Commercial Leases
• Sourcing and negotiating Project Finance, dealing with banking arrangements and structuring suitable finance
• Title Issues, including assessment of title to the land being purchased, review of services available to the project and resolving any problems arising
• Services, Rights of Way, Easements
• Preparation of schemes of Development and sales of multiple units
  
  

Buying a House
Our years of experience have taught us that the unfamiliar territory of purchasing a home can be daunting experience for any buyer. At Farrell Solicitors we have adopted a client-centered approach to Conveyancing to help make this event a smooth, efficient and stress-free process. Our client-centered approach involves the following:
• We have a highly skilled and experience conveyancing team to ensure you receive a quality service.
• We use a modern e-commerce approach for maximum efficiency in completing the transaction.
• Clients receive daily progress updates keeping you informed every step of the way.
• Our policy is to provide a service aimed at building long-standing client relationships.
• We operate a flat-fee charging policy.
The following is a rough guide to the process involved in buying a house.

Budget:
It is important at this stage to carefully evaluate all costs involved buying a home, for example, mortgage costs, legal fees, registration of deeds, stamp duty, etc. If you have calculated that you can afford to buy a property taking into account all of these costs, then you are ready to buy.

Money:
Very few people have the funds to buy a home without getting a mortgage. A mortgage is a long-term loan secured against the property you buy. This means if you don’t repay your mortgage you may lose your home.
There are different types of mortgages and different mortgage providers. Contact a number of different mortgage providers to find out who can offer you the best deal. More information on mortgages and choosing the best one for you is available on the Financial Regulator’s It's your money website. 

You can get mortgage approval in principle before you start to look for a property; this will let you know how much you have to spend. However, when you find a property you like, you must get formal mortgage approval before you sign the contract for sale (see below). If you sign a contract for sale and subsequently don’t get mortgage approval you will lose your 10% deposit and there may be other penalties.

Booking Deposit
The legal process to buy the property may only start when the estate agent receives your booking deposit. This booking deposit simply holds the property for you, and is fully refundable if you decide not to proceed with the purchase.

Issue of Contracts:
The Seller will then instruct his Solicitor to issue contracts for the sale of the house to your Solicitors.
Before signing contracts. It is very important that you are fully committed to buy the house before you sign the contracts. Therefore, you should ensure that;

• the money necessary to buy the house are available to you. This means that you should have a written letter of loan offer from the bank outlining the terms and conditions upon which they are prepared to loan the money to you
• You have the house surveyed to ensure that the property does not suffer from any structural defects. Your Surveyor should also carry out a planning search in the offices of the Local Authority to ensure that the house is fully compliant with planning permission and building regulations. We would also recommend that you ask your surveyor to investigate if there are any developments planned for the area e.g. Incinerators, Dumps, Halting sites etc. We, as your Solicitors will then examine the contracts and the title documents to ensure that the house you are buying has good marketable title. Once all of the above have been dealt with, signed contracts are returned to the seller’s solicitor together with the balance purchase deposit (typically, this is 10% of the overall purchase price, less the amount of the booking deposit you have already paid).
  The Sellers then sign the contract bringing into existence a binding contract.
  
  It is vital that you keep in touch with you mortgage provider at all stages throughout the process. The mortgage provider will set down various requirements which you must complete before you can draw-down the mortgage monies. These requirements typically include setting up a life policy (which may include undertaking a medical examination), getting building insurance cover for the house, carrying out a valuation of the house and completing all the relevant mortgage documentation. It is vitally important that all those documents are in place as soon as possible as without them, the bank will not release your purchase monies.
  The contracts contain a closing date which is the date that has been agreed between the purchaser and the Seller. This is the date that the balance purchase monies are exchanged for the title documents and the keys to the house.
  
  If it’s a case that you are not ready to buy the house on the agreed closing date, the Seller will be entitled to charge you penalty interest under the terms of the contract.

On the closing date we as your Solicitors would meet with the Solicitors for the Sellers. We give them the balance purchase monies and they in turn give us the title documents. Generally, the keys to the house are held by the Auctioneers and once we confirm to you that the house has been bought, you call to the Auctioneers to collect the keys. Once a sale is completed, your deeds, showing the new ownership details and mortgage details, if relevant, must be registered with either the Registry of Deeds or the Land Registry. The Property Registration Authority is responsible for both systems of registration. We will continue to assist you with finalising the deeds to your house with the Property Registration Authority.Finally the process will be complete when you are the new registered owner of your new home!