Seal the Deal: A Brief Guide to Property Conveyancing

When it comes to purchasing a new home, conveyancing is an essential part of the process. To find out everything you need to know about what will happen, read on to find out the steps. 

Defining Conveyancing

When purchasing or selling a property, the process isn’t as straightforward as just exchanging funds. Instead, there is a legal process all parties must go through to ensure the home can be bought properly, known as property conveyancing. The legal ownership will be transferred from one party to another after a series of checks, all with the assistance of a solicitor or conveyancer.

The Processes Involved

To fully understand what conveyancing is, it’s important to understand the several processes involved, as it can be a complex procedure. That’s why getting the advice of professional property solicitors is key throughout the conveyancing stage of home ownership.

The process will start with giving your details, including your ID and bank statements. Then you will arrange your mortgage, providing statements about how much you are allowed to borrow. You will then complete and return any forms you have been asked to sign.

The next step is one of the most important ones in the entire process. Searches will need to be ordered on your new home, to check the value of the property. It will take into account any problems in the surrounding areas, including environmental issues like flooding. Review the results of these to get a real sense of the property you’re about to move into. 

After the searches have been reviewed, your contracts will be issued, which then need to be signed in front of an independent witness. Following this, the deposits will be paid and the contracts will be exchanged and reviewed. The final funds will then be sent, and legal ownership will be transferred. Finally, the keys can be received, the land registry informed, and the house will be yours!

The Duration of Conveyancing

It’s difficult to predict how long the process of property conveyancing will take exactly, as each case will have a different situation and therefore different requirements. It could take between 16-24 weeks for you to purchase the property and get your keys, so make sure you have a home to stay in for the duration of the process. 

Get In Touch

To help smoothly deal with all processes involved in your property purchase, get in contact with Andrew Lee Property Lawyers today. Our team will diligently assist you with our top-quality conveyancing services, to make sure you get your new property with ease. Whether you’re a first-time buyer or you are an experienced property buyer, we can help you secure your dream home.

Visit our website to learn more about us and our services, or get in touch with our team directly today.