It’s no secret how complicated and stress-inducing the property buying process can be. It can be stressful enough simply saving the money for a deposit! However, that’s just the beginning. Once you’ve saved, found a property and agreed on a price, you’ll have to handover to your solicitors. These legal professionals will then go through a process known as conveyancing. Here, we take a brief look at what conveyancing is, who does it, why it’s so important, the typical conveyancing process and what’s generally involved.
A Brief Guide To Conveyancing
Conveyancing is the part of the house-buying process which takes place after you have settled on a price and valuated your mortgage. The process is taken over by your solicitors and is the legal framework by which the ownership of a property is passed from one person to another.
The seller’s conveyancing solicitor must conduct proof of identity checks first and then send out a contents and fittings form to the seller for completion. Once completed all forms are sent back to the conveyancer who then collects the relevant deeds, titles, registrations and other documents related to the property. Once this documentation has been analysed, a contract is then drafted which is sent to the buyers’ solicitors with all of the supporting paperwork.
On receipt of this documentation, the buyers’ conveyancer will check the contract over as well as the supporting paperwork. Following this, any enquiries can be discussed and resolved as necessary. Once this process is completed, both the buyer and seller will exchange the contracts drawn up by their solicitors which means that the transaction is now binding. The transfer deeds are then signed, the keys are swapped and the seller is given a date to vacate the property. Once this process is pushed through and all of the money has changed hands, the sale has become official and binding and the conveyancing process is complete!
Have You Been Searching For a Conveyancer Near Me in South West? Look No Further Than Richard & Lewis
If you’ve been searching for a ‘conveyancer near me’, look no further than Richard & Lewis. We can discuss the conveyancing cost with you as well as provide a range of expert advice throughout the buying process.
To find out more about our services, please feel free to contact us today. You can find us at 19 Market Street, Ebbw Vale, Blaenau Gwent, South Wales, NP23 6HL. Alternatively, call us on 01495 350 018. You can also email us at firstname.lastname@example.org.