When buying a home you’ll hear the term ‘conveyancing’ a lot but what exactly does it mean?
Research done by really moving revealed widespread misunderstanding about the legal requirements when buying a home.
A third of Britons surveyed, stated that they didn’t know what the term ‘conveyancing’ meant.
In short, conveyancing is the legal transfer of property from one owner to another.
When it comes to moving house, conveyancing has a wider definition, commonly referring to the whole body of legal-administrative work undertaken to enable a house sale or purchase to be legally valid.
The conveyancing process is usually carried out by solicitors or specialist conveyancing provider, who ensures that the purchaser owns all the property, land and rights that have been paid for.
Buying a house is probably the most stressful and long-winded purchase you will ever make so it is wise to establish contact with a professional before you decide to buy. This will help you to avoid having to make this important decision in a rush – the more time you give your conveyancer the the better.
Don’t be tempted to opt for professionals that are offering a ‘cheap deal’. This could mean that they are dealing with a number of clients, resulting in a slower service.
Personal recommendations are often a good way to find a trusted and dependable conveyancing service, so chat to friends, neighbours or family members who have bought a property in the area.
The conveyancing process begins as soon as an offer is placed on a property, and essentially involves the transfer of “good” title (meaning that the vendor is actually in a legal position to sell) or ownership from one party to another. While it may sound simple, there is quite a bit of work involved.
Your solicitor then liaises with the seller’s solicitor to complete all of the legal documentation involved in transferring ownership of a property from the owner to yourself. However, you must remember that your offer has been made subject to contract and survey and there are still quite a number of things that can go wrong during the process of conveyancing.
Your conveyancer is responsible for a great deal more activity throughout the process than the seller’s solicitor, who will perform much more of a liaison role.
Entrust the purchase of your new home to Peter Robinson & Co.
Having found your perfect property you will want a swift service. We carry out your purchase quickly and efficiently with friendly qualified staff on hand to advise you every step of the way, from instruction to completion.
We will advise you on any issues that may arise. We will check the legal title, negotiate the terms of the contract, deal with any enquiries that may be raised, authorise any searches required for the property and advise you of the results. Should you require a survey we have expert contacts who can arrange this service for you.
Contact us for a no obligation quotation today.