How to buy property in the UK remotely?

Real estate in the UK is very popular among buyers from Russia and Europe. Demand for residential and commercial properties in this country is growing steadily, despite an equally rapid increase in prices. The main reason for this is a stable economy, which is a guarantee of maintaining high profitability and liquidity of real estate. Another advantage that buyers receive is the ease of conducting a purchase and sale transaction. Below you can learn more about the algorithm of this procedure.

How is the property purchase going?

Any foreigner can buy a house, office or warehouse in the UK. The algorithm for concluding a deal will not differ from the standard one. In addition, one can conclude it even remotely. The following steps are required for that:

Find a reliable real estate company. Inform its representatives of all the requirements and wishes regarding the future purchase.

After the object is selected, UK lawyers will prepare an appropriate power of attorney and send it to the buyer. Then the document has to be certified at the consulate.

Then one should sign the Memorandum of Sale (sale agreement), as well as Conveyancing (ownership transfer agreement).

It should be noted that in the UK there are two options for conducting a sale and purchase transaction. In the first case, the buyer receives full ownership of the property. In the second case, only the object itself becomes his property, but not the land on which it is located. It is recommended to choose the first type of deal.