What is conveyancing?
Conveyancing is the legal term given to the process of buying or selling a property. Conveyancing concerns the legal transfer of property ownership from one party to another.
Conveyancing involves both legal and administrative work, therefore, if you chose to sell your home, a conveyancing solicitor could be among your strongest assets.
If you instruct your conveyancing solicitor early on, when you decide to accept an offer on your property, your solicitor can get to work straight away.
Even those who have moved house many times or amassed an impressive property empire employ conveyancing solicitors – highly trained professionals can save you time, energy and expenditure in the long term.
Choosing a solicitor
Sadly, too many people choose the first solicitor they come across. Bear in mind, during the course of your matter, you’ll be liaising with your solicitor often, so it’s vital that you feel comfortable and looked after.
Anthony Stockton recognises that no two clients are the same. Our specialised service is tailored to your needs and our friendly, professional staff are ready, willing and able to lead you through your conveyancing transaction.
Good communication between solicitor and client is key. The most common complaint we hear from clients about other solicitors and conveyancing firms is that they were left in the dark regarding the progress of their transaction.
We’re well aware that mysterious delays can cause a great deal of frustration and anxiety, which is why we have installed the latest technology, enabling our clients to check up on the progress of their matter online.
What does a conveyancing solicitor do?
Crucially, your conveyancing solicitor follows your instructions – she or he represents your interests and acts on your behalf.
As soon as you have accepted an offer on your property, to prevent delays later, you need to contact a Solicitor or Conveyancer. Initially, a draft contract will be drawn up, the terms of which are usually negotiable.
Among other things, contracts contain details like the agreed sale price, fittings and contents that are included in the sale price, information by reference to any legal restrictions relating to the use of the property.
Your conveyancing solicitor will help you...
- Obtain property title deeds from your lender and/or the Land Registry
- Draft the initial contract
- Amend and finalise the contract
- Answer any questions the buyer or buyer’s solicitor might have
- Negotiate the details of the contract (if necessary)
At Anthony Stockton Solicitors, we also strive to:
- Keep you fully updated regarding the progress of your transaction
- Answer any queries you might have regarding the sale of your property
Not only will your conveyancing solicitor deal with the relevant paperwork, she or he can also provide information and advice regarding the progress of your transaction, highlighting any pitfalls you may not have foreseen.
Once both buyer and seller are happy with the contract, both parties sign final copies and send them to one another. This establishes a legally binding agreement. In general, neither party can withdraw from the transaction at this stage without having to pay compensation.
Having exchanged contracts, your solicitor will make the following checks:
- Have all funds been transferred?
- Has property ownership been legally transferred?
- Has the property been left in the contractually agreed state?
- Have keys been exchanged?
How long does a conveyancing transaction take?
The length of a conveyancing transaction depends upon a number of factors, including your circumstances and your buyer’s circumstances. The more complex a transaction is, the longer it is likely to take to complete.
Typically, a conveyancing transaction takes between six and eight weeks to complete.
If you’re concerned about the speed of a transaction, and would like the sale of your property to be completed as swiftly possible, we recommend you secure a solicitor as soon as you place your house on the market. This way, your solicitor is equipped to act promptly should you decide to accept an offer on your house.