What Is Conveyancing?
Buying or selling a home? Ever wondered what "conveyancing" is? It's a crucial part of the real estate journey, ensuring that the property you're eyeing becomes officially yours. Simply put, conveyancing is the legal process of transferring property ownership. It's the series of steps that turns that dream home into your actual home sweet home.
What does a conveyancer do? 🤔
A conveyancer, often referred to as a conveyancing solicitor, is a specialised property lawyer. If you're in the process of buying or selling a home, they take care of the legal intricacies involved in transferring property ownership, working on your behalf. Your conveyancer doesn't just handle the legal tasks to transfer ownership of your chosen property though. A reliable conveyancer goes the extra mile by simplifying the process for you, removing all the confusing legal jargon to make everything as straightforward as possible.
A conveyancer’s process will look different depending on whether you’re buying or selling a house.
🏠 When buying a house a conveyancer will:
They’ll check the property’s ownership history, looking at the title deeds to understand who has owned the property before.
They’ll decide which property searches you need based on what you’re looking for and the specifics of your property.
They’ll begin organising the paperwork to officially transfer the property ownership to you.
They’ll review your mortgage offer carefully to ensure it matches what you agreed upon.
They’ll work with everyone involved to choose a day to complete the property transfer, meaning you can move into your new home.
They’ll make sure the money gets transferred correctly, so everything stays on track financially.
🏠 When selling a house a conveyancer will:
They’ll start by putting together all necessary documents to create the contract pack.
They’ll reply to the buyer's solicitor if they have questions, like needing copies of planning agreements, such as recent renovations, fixtures and fittings, or legal ownership.
They’ll check your current mortgage status (if you have one), and find out the amount left to pay by requesting a redemption statement.
They’ll get you to sign the contract once everything is in order.
They’ll work with everyone involved to choose a day to complete the property transfer.
They’ll make sure the money gets transferred correctly, so everything stays on track financially.
Why does conveyancing matter so much? 🤔
A key player in your real estate journey, a conveyancer takes charge of the legal intricacies in property transactions. Managing the paperwork, contracts, and legal inspections, they facilitate the seamless transfer of property ownership. Their expertise guarantees that the property you're eyeing comes with a clear title and is free from any lurking legal concerns, offering you a reassuring sense of security throughout your real estate journey. Whether you're buying or selling, this process protects everyone involved and keeps things running smoothly.
What’s the difference between a conveyancer and a solicitor? 🤔
Simply put, a conveyancer specialises in property law - essentially property law is their bread and butter. On the other hand a solicitor will typically offer a range of legal services, with training in multiple fields of the law.
When you're picking between the two for your property journey, it really depends on what you like. Both conveyancers and solicitors do the important legal work for transferring property ownership, and they're quite similar in cost and training. What’s most important to look out for is someone you can trust - someone with availability, clear communication, and fees that are within your budget. Whether you go for a solicitor or a conveyancer, they're both good at handling the legal details, making contracts, and helping you through any issues that might pop up, so your property move goes smoothly.
In a nutshell, conveyancing is the unsung hero of real estate deals. It ensures that your property journey is legal, secure, and free of unexpected surprises. If you're on the brink of a real estate journey, don't forget to bring a conveyancer along for the ride!
