Conveyancing Solicitors

A Guide to the Conveyancing Process

Whether you are buying your first house or selling a house in order to move to another one, the conveyancing process can be a a confusing but necessary part of buying a house. Conveyancing solicitors will provide you with a lot of the background information you need and guide you through the process but having a good idea of what is involved will only be of benefit to you.

When you are buying a house or property, your conveyancing solicitors will be sent a document confirming that the offer has been made and the agents will then get in touch with the owner of the property’s solicitors, in order to have a contract drawn up. This will then be sent to your conveyancing solicitors or your chosen legal representative to be checked over and to confirm the details of the sale. It is at this point your conveyancing solicitors will also perform a local authority search and a survey to ensure there are now problems with the building in terms of council regulations and other council records relating to the property concerned.

When you have looked over the information from your conveyancing solicitors and the survey, you are ready to finalise the deal with an exchange of contracts and payment. Initially you will sign the contract confirming the transaction and make a deposit payment which is usually a relatively small percentage of the value of the property. Before the contracts are exchanged, a date for completion of the deal will be inserted into the agreement. Following the exchange, your conveyancing solicitors will perform some more routine research checks on the seller and the property.

If you are getting a mortgage to purchase the property, the conveyancing solicitors will provide you with the mortgage deed which commits you to the pre-agreed repayment schedule and to ensures that the money is available by the completion date. If you have any questions about the mortgages don’t hesitate to contact your conveyancing solicitors at any time because as conveyancing solicitors they deal with mortgage agreements and brokers on a regular basis and can advise you on the best course of action.

Finally, once all your bills are settled (costs of your conveyancing solicitors) and the completion date arrives, all that is left is for your solicitors to register the property’s new owner with the land registry.

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