More Information About The Conveyancing Process

To help you navigate the process and understand how ownership will pass to you, we created a guide that explains the basic steps of the conveyancing process:

1.Instruct a Conveyancing Solicitor

Once you’ve found your ideal property and have agreed on a purchase price with the seller, the next step is to look for a conveyancing solicitor to help you legally complete the process. The estate agent will exchange the details of the solicitors acting for the buyer and seller.

There are a lot of documents for the seller to complete and the buyer should order searches. All parties need to pass ID and anti money laundering checks. Your chosen conveyancer will organise these for you to complete. 

Documents will contain important information about the property, such as planning permission, guarantees, warranties, and boundary disputes. In The Fittings and Contents Form, you’ll find a list of items that will be included in the sale of the property, which may have carpets, blinds, and furniture. 

Meanwhile, the contract pack contains the title deeds indicating the type of ownership of the property. If you’re purchasing a property with a mortgage, your conveyancing solicitor will also receive a copy of the accepted mortgage offer.

2.Organise a Property Survey

A property survey isn’t a mandatory step, but we encourage conducting an independent property survey to check for any major faults with the property you’ll buy. A property survey may also recommend further investigations and inform you of potentially costly repairs, allowing you to renegotiate the price. There are different types of survey available, often dependent on the age and type of property. 

Depending on the property survey results, you may choose whether to go ahead with the property purchase or pull out if you think the money and work you’ll have to invest is worth more than you’re willing to pay.

3.Conduct Property Searches

During this stage, your conveyancing solicitor will carry out searches to find any vital information on the property and associated risks before exchanging contracts with the seller. By reviewing all of the search and survey results, your conveyancer ensures that you won’t encounter any hidden surprises when you move in.

The type of searches you need depends on where the property is located, but all properties require these searches:

  • Planning searches
  • Chancel repair liability
  • Local Authority
  • Water and drainage
  • Flood risk
  • Mining searches

 

4.Exchange the Contract

Before signing the contract, your conveyancer must first identify and resolve any issues with the property and conduct a final check with the Land Register to ensure that no changes have been made since the initial searches.

Once you’ve received all the paperwork from the seller’s conveyancer and have analysed the result of the property searches, it’s time to exchange contracts and be legally bound to complete the purchase.

After agreeing and signing the final completion statement, transfer deed, and mortgage deed, you’ll be legally obliged to purchase the property.

5.Complete the Purchase

Finally, the sale is finalised, and the property has been legally transferred to you! On completion day, your conveyancing solicitor will pay the balance of the sale price to the seller and obtain the signed Transfer Deed, title deeds, and evidence of outstanding mortgages.

Conclusion

Buying a property is a long and arduous possession that involves many complexities. Given the weight of the purchase, you must understand each stage of the conveyancing process and work with a skilled and experienced solicitor to have a successful purchase!

If you’re planning on buying a house, let our team of experts at Conveyancing Expert guide you through the process! With a combined 60 years of expert conveyancing, Conveyancing Expert offers high standard yet low-cost conveyancing for all clients. Get a free conveyancing quote today!