A guide to conveyancing
What is conveyancing?
Conveyancing is the transfer of the legal title of a property from one person to another, so whether you are buying or selling a house or flat you will require a qualified expert to undertake this work on your behalf.
Your legal professional will complete a variety of tasks with the objective of advancing to a point where you are in a position to exchange contracts and subsequently complete your purchase or sale.
If you are buying, your solicitor or qualified conveyancer will ensure you are acquiring a property that is legally sound and as marketed, i.e. that the seller is the owner and has the right to sell the property and that there is no issue that could restrict its re-sale potential or your ability to get a mortgage.
When selling, your conveyancer will provide answers, evidence and legal documents that satisfy the demands of the buyer’s representative.
What does conveyancing involve?
Once an offer is accepted on a property, the seller’s solicitor or conveyancer must draw up a contract of sale that will allow for a transfer of ownership to be completed.
A number of important details should be included within this document, including the sale price, the precise boundaries of the property, whether there are any legal restrictions in place, information about services such as drainage and gas and when the sale will complete.
It is the buyer’s conveyancer’s responsibility to negotiate these details if necessary, and in some cases even request the selling price is altered to reflect issues that have been raised.
All manner of requests will be made by the buying side, and the selling conveyancer must provide the answers – at times with the help of you as a seller. As a buyer, once your solicitor’s requests have been met, they will advise you can exchange contracts and complete your purchase.
How can we help?
Leaders has a trusted partner in the conveyancing sector in the shape of Lifetime Legal, which is ready to provide expert assistance throughout the process of selling your home and/or buying a new property.
Lifetime Legal will begin by conducting an identity check that is required by law before securing the title deeds to your property and then beginning the task of supporting the buyer’s solicitor or, if you are buying, making enquiries and requests on your behalf.
Should you opt to use Lifetime Legal and its team of experienced and highly qualified conveyancing experts, you will benefit from its Mover Protection scheme that could pay out as much as £720 to sellers and £1,850 to buyers if, through no fault of your own, the transaction collapses.
What’s more, Lifetime Legal provides additional benefits, such as a complimentary will, unlimited independent legal advice and secure online access to a personal digital vault.
If you would like an instant conveyancing quote please click here.