For those looking to buy their first home, the conveyancing process can be overwhelming. There is a lot to organise and co-ordinate, including legal matters, financial arrangements and regulations to comply with. Our experience and knowledge has enabled us to streamline the conveyancing process so that all the above matters are dealt with smoothly and quickly.
To help you understand how it works, our conveyancing experts have answered the most common questions when buying or selling a property. Simply browse the guide below and you’ll understand more about what happens when selling or buying a house.
What is the definition of the conveyancing process?
We define conveyancing as the legal transfer of property from one owner to another. The key stages are exchange of contracts when everyone knows the transaction will proceed and completion when everyone moves.
There is a lot of legal and administrative work to do before we can exchange contracts and complete. While the conveyancing process is fairly similar for each transaction, each transaction will be different. So while all the conveyancing solicitors in the chain carry out those legal and administrative checks, it can be quite stressful.
If you are obtaining a mortgage, a conveyancing solicitor acts on behalf of the buyer and the lender. All the lender’s conditions in the mortgage offer must be dealt with before funds can be requested from them. We therefore urge buyers to check their mortgage offer and ensure any conditions are dealt with as soon as possible.
What is the usual conveyancing process when buying a house?
Every house purchase is different in its own way and often comes with its own challenges. The typical conveyancing process is as follows: