Step by step conveyancing guide
Purchasing a house is likely to be one of the biggest financial commitments that most people will make in their lives, and it can be a stressful process. Deciding to put a property on the market can be equally nerve wracking. Combine buying a property with selling a property and you've got a real rollercoaster of emotions...
That's why we've put together a guide to conveyancing (otherwise known as the legal side of buying and selling a home) to take away some of the myths around the role your solicitor will play in the chain of events.
Conveyancing is the legal process by which ownership of a property is transferred from the seller to the buyer.
Sounds simple? Conveyancing can be a complex process and that's why, whether you are buying or selling property (or both) you will need to instruct a solicitor or licenced conveyancer. Undertaking your own conveyancing is not for the faint-hearted - it can be time-consuming and many mortgage companies may insist on a solicitor being appointed to carry out the conveyancing.
As soon as your home goes on the market, instruct a conveyancing solicitor. The earlier you do this, the more efficient the process will be. Solicitors can send their terms of engagement and guidance notes, draft elements of the contract and apply for mortgage deeds in advance, sometimes saving weeks. Click here to instruct one of our conveyancing solicitors immediately.
The Conveyancing Process can be summarised in three steps:
- Stage One: Sale Agreed
- Stage Two: Exchange of Contracts
- Stage Three: Completion
Find out what your solicitor does if you are:
And if you need somebody to do both, then look no further than The Conveyancing Guide!