Why Expat Homebuyers Need a London Real Estate Lawyer
Taking on the services of a London solicitor for the purchase of your new home is wise for many reasons. One of the major ones is that the English real estate law can be tricky even for residents to understand. For example, the difference between a freehold versus leasehold property purchase may not be something non-resident buyers in England have encountered before.
Essentially, a freehold purchase occurs when you buy and become the official owner of both the land and buildings on it. A leasehold purchase is when you only own the building. You can get into unnecessarily difficult waters with the Land Registry if you are not aware of how to report such purchases.
By the same token, your London solicitor often works in conjunction with your estate agent to make any formal offers for housing in England. Moreover, there are rules about the completion date of property transfers that an expat may have no way of understanding without London legal counsel.
Depending on how you arrange to buy London property, your solicitor may extend bids for you at home auctions, relay contract details to selling parties on your behalf, or organize the visa paperwork you may need to secure a mortgage. Ultimately, using a real estate solicitor to ensure legal compliance can keep you out of trouble and prevent paperwork headaches as you search for your new home.
Moving Into Your London Home
New London homeowners may wonder if their real estate purchase qualifies them to reside in London. Unfortunately, the process to be granted full-time or even extended residency in England is a bit more complicated than that. There are, however, a number of ways that non-resident homeowners can position themselves through visas for long-term and eventually permanent stays.
One such example is the Investor Visa. This visa allows eligible homeowners in England with enough investment capital to remain for three years and then gives the option to extend the visa for an additional two years. During that time, homeowners who meet the criteria for this visa can apply for British citizenship.
At present, due to Brexit concerns and an unstable relationship with the EU, it is not possible to apply for permanent residence in the U.K. if you have not already submitted paperwork to do so before Dec. 21, 2020. The ability to apply for permanent resident status in England is likely to change as Brexit regulations are formally set and become established.
In the meantime, England offers a wide variety of visa options that permit long-term stay and can offer pathways to full British citizenship. One good place to start figuring out which options for English residency are best for you is to consult with licensed Immigration Solicitors (i.e., lawyers) Advisors on Relocate for advice on all aspects of your move to London.
Trust Relocate to Help Get You to London
Whether you are looking to invest in business property in Canary Wharf from overseas or moving down from Scotland to find your new home in Hounslow, Relocate is here to help. Dig-deeper into relevant material about immigrating to the United Kingdom, browse through highly qualified experts and submit your questions to be addressed.