Everyday law – are you or your family planning a move?
This article is part of our Everyday law series where we look at examples of how law affects us as we go about our daily lives.
April is the time of year when estate agents’ notice boards start proliferating on our streets, as families put their houses on the market in anticipation of a move during the summer holidays.
So brace yourself for friends, relatives or colleagues talking about viewings, searches, exchange, mortgage applications, being in a chain, being gazumped and finally, we hope, completion. Or are you taking the plunge into the property market yourself?
The buying and selling of property is governed by Land Law which is made up of key Acts of Parliament such as the Law of Property Act 1925 and the Land Registration Act 2002 as well as a large body of individual legal cases which have determined the law on aspects of the use and ownership of property. The process of buying and selling property is called conveyancing.
There are aspects of the law of contract within property law too – for example the Consumer Protection from Unfair Trading Regulations 2008 means that buyers have a comeback against sellers who don’t disclose material information about a property.
The graphic below provides an overview of the conveyancing process for someone buying a property.