Conveyancing - What is conveyancing?

Conveyancing is the legal process of transferring home ownership from the seller to the buyer. It basically starts when your offer on a house is accepted and finishes when you receive the keys.

Who does the conveyancing?

Who does the conveyancing?The most common people to conduct the conveyancing process is either a conveyancer or a solicitor, however it is possible to conduct the conveyancing process yourself but this is very difficult and you only can do it as long as you are not taking out a mortgage.

What to do if you're not doing the conveyancing yourself

If you are part of the large percentage of people that don't have the time to do the conveyancing process yourself or are just too worried because of the difficultly then your first step is to find a solicitor or conveyancer and instruct them to do it for you. Once you have instructed your conveyancer the estate agent will send out a memorandum of sale to them and the other side's conveyancer with your details and details about the property such as the offer price. So it's important you confirm with the agent who you have instructed as early as possible so they can progress the sale. Your appointed conveyancer will draw up a draft contract or terms of engagement with you, setting out their charges and deposits required. They will write to your seller's solicitor to confirm they are instructed and request a copy of the draft contract and any other details, such as the property's title and the standard forms.

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Published on 22 April 2016

Source Trinity Sales Wakefield

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