What Does Property Conveyancing Involve?

‘Conveyancing’ is the legal process of transferring the ownership of a property or land from one person to another. If you are selling or buying a home in England, you will need to engage a residential conveyancing solicitor to carry out the property conveyancing process.

The services of an experienced conveyancing solicitor are also necessary if you are remortgaging or arranging a lease extension on a leasehold property. Conveyancing involves a series of steps that must be taken to ensure that the transfer is completed legally and validly.

As Residential Property Solicitors In Burton On Trent, Astle Paterson are experts in the property conveyancing process and can support sellers and buyers anywhere in the country with their purchase or sale.

So, what is involved in the conveyancing process?

The Title Search

The buyer’s solicitor checks the property’s title deeds to ensure that the seller has the legal right to sell the property and that there are no outstanding issues or disputes that could prevent the sale from being completed smoothly.

Draft Contracts

The first stage in the conveyancing process is the drafting of a contract by the seller’s solicitor. This outlines the terms and conditions of the sale, including the price and any special conditions. The draft contract is sent to the buyer’s solicitor who shares it with their client to ensure they are satisfied with the contents.

Resolving Issues

Any issues with the draft contract that is raised by the buyer’s solicitor are then discussed with the seller’s representative and resolutions are agreed upon to ensure all parties are happy.

Searches And Inspections

The buyer’s solicitor will ensure that all necessary searches and inspections are carried out to guarantee that the property is free from problems, minimising the risk to the buyer and their mortgage lender. Common searches include local authority planning applications, the presence of coal or salt mines, sewage and drainage systems, flood risks, and ground contamination. The buyer’s solicitor also conducts money laundering investigations to ensure the property isn’t being purchased with profits for criminal activity.

Signing The Contracts

Both the seller and buyer must sign the contracts to ensure they are legally binding once both parties’ solicitors have exchanged contracts to ensure they are identical. At this stage, the sale and purchase are usually legally binding and neither party can withdraw from the agreement.

Completion

The final stage of the conveyancing process is for both parties – and any others in the chain if one exists – to agree to a completion date. Prior to this, all funds and ownership documents will be arranged.

Contact Us To Find Out More

As property conveyancing specialists in Burton on Trent, Astle Paterson offers a cost-effective and reliable service that simplifies the process of selling or purchasing a property.

To request a free, no-obligation quotation for your conveyancing, please get in touch with Astle Paterson today at 01283 531366.

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