The purchase or sale of property is quite often one of the biggest financial decisions we make in our lifetime. Engaging an experienced Conveyancer to conduct the conveyance of your property is an important step. The team at Stellar Conveyancing have decades of experience both collectively and solely with each Conveyancer. Let us take the stress out of your transaction and give you peace of mind.
When dealing with conveyancing and contracts, it is likely you'll come across a few of the legal terms below. This page helps to explain a few of the most common terms you may come across. Of course, at Stellar Conveyancing you can always contact us free of charge and obligation, to give you advice or guidance.
The contract is a written or printed document that the buyer and seller complete. This is a legally binding document which sets out the agreement reached between buyer and seller to transfer property.
Is a mandatory period of time where the buyer of the property may change their mind about purchasing the property.
Moneys that are expended on your behalf to obtain necessary information and search results on the property. These are fixed costs determined by the Local Authority or Government bodies that provide the information.
This is the date upon which you must be able to confirm that the bank has unconditionally approved your loan and agreed to lend you money to purchase the property.
The government offers a grant for first home buyers. The grant amount varies and so does eligibility. For the latest guidelines and information contact us to discuss.
Mortgage is the document your bank registers over the title of your property which secures their loan to you.
The date which the property transfer occurs and you are legally entitled to or renounce possession.
This is an amount taxed by the government on property transactions. The stamp duty amount varies depending on whether the property is an investment, principal place of residence or first principal place of residence.