If you are selling or purchasing a property, then it is important that you use the right legal services. This guide explains conveyancing, why it’s important and the typical process involved.
Buying a home or selling your property can be a longer and more complex process than most people anticipate. It is important to remember, that this is a legal process that requires the transfer of ownership. As such, it must be handled correctly.
Conveyancing refers to a branch of law which relates specifically to the legal aspects of moving home, either through selling or buying a new property. It is the process required to transfer the property ownership from one party to another.
Do You Need Legal Support To Complete The Conveyancing Process
Some people assume that conveyancing can be completed without legal support. However, this is not the case. The amount of legal work to complete the conveyancing process is both time consuming and overwhelming. That’s why you need a professional conveyancer to guide you through this process.
The conveyancing process will begin as soon as an offer on a house has been approved and accepted. It will end when the new title of ownership is registered at the Land Registry. As such, you must arrange for support from a conveyancer as soon as you accept an offer down on a property or once your offer has been accepted.
Do You Need A Solicitor?
You don’t need a solicitor to complete the conveyancing process for you. Instead, this can be handled by a legal professional with knowledge and an advanced understanding of the process involved in selling or buying a property. It is worth noting that most solicitors now use the services of a qualified conveyancer to complete this work for them instead of using an in-house solicitor on their team.
Understanding The Conveyancing Process
There are numerous steps that conveyancing firms will need to complete when providing the right services for their clients. The first step will include checking IDs. A conveyancing solicitor will also ensure that the house title is as it should be and that there are no issues here.
If a conveyancer is representing a buyer, they will also be required to complete any searches on the property. These may be completed for environmental reasons. Usually, checks like this are a key requirement from the mortgage provider.
A conveyancer will need to ensure that the correct forms are completed if they are representing the seller of the property.
Regardless of whether providing legal support for buying or selling a property, a conveyancer will need to communicate and work with the legal professional of the other party to complete the transaction. They will make enquiries on behalf of their client and help correct issues that may have cropped up during searches or surveys that have been completed.
During these interactions, a conveyancer will choose the dates for the exchange of different contracts as well as the completion of the property purchase.
A conveyancer will also be required to ensure that the land registry is updated with the change of ownership.
While this might seem like a long and drawn out process a professional conveyancer can keep things simple for you as a buyer or seller. You just need to ensure that you choose the right legal professional to represent your interests.
Choosing The Right Conveyancer
In rare cases, you may find that your mortgage provider determines which firm you must use for conveyancing services. However, in most cases, you will be able to choose your own solicitor or legal professional. Remember, you do not need to use a solicitor to complete this process. A legal conveyancing team can provide the same support, often for a lower cost. Conveyancing costs will usually vary depending on the firm you choose as well as the value of the property. This is why you should get a conveyancing quote from several different firms. That way, you can compare quotes and find the right option for your budget as well as your needs.
It’s important to ensure that you do find a conveyancer you can trust. If you are exploring online conveyancing services make sure that you choose a firm that is regulated by the solicitors regulation authority SRA.
We hope this helps you understand the conveyancing process. If you need additional support, our expert team at Toomey Legal can help. We provide support for both buyers and sellers of residential properties and offer low legal fees for our services.