Conveyancing is the legal process of transferring both property and mortgages from one owner to another.
Conveyancing is required in order to ensure that; the property you are buying is correctly recorded in the name of the new owner, the property has been transferred free of any mortgages and liabilities relating to the previous owner, and the property has all the necessary rights of way and planning consents that you will need.
Most people conduct the majority of their personal transactions without needing to employ the services of a legal advisor. However, buying property is likely to be one of the most significant transactions you'll ever make and it is vital that you are properly protected from a legal perspective. Although it is theoretically possible to carry out your own conveyancing, instructing a professional conveyancer will ensure peace of mind.
When appointing the services of conveyancing solicitors you should always ensure the solicitors or property lawyers working within it have the relevant experience and are property specialists. Your estate agent may be able to recommend a conveyancer, alternatively, speak to friends or family for recommendations.
Countrywide are the biggest property conveyancers in England and Wales. To discuss your requirements contact Countrywide property solicitors or call 01614 527 458
Once you've managed to find a property, agreed a purchase price and appointed conveyancing solicitors, your property lawyer will manage the legalities on your behalf.
Prior to exchange of contract your property solicitor will:
As part of the exchange of contracts process, your property solicitor will:
Once contracts have been exchanged the purchase is binding and the completion date is fixed.
On or after completion, your property solicitor will:
Usually a final completion statement will be prepared and sent to you for approval once all the figures have been agreed, including the net amount of any mortgage advance. All fees must be paid on or before completion.
You will then be asked to provide the balance required to complete the transaction.
Unless sent electronically, the balance must be received at least 8 working days before the completion date to allow for it to be cleared through the bank.
The Countrywide Conveyancing Division is the largest property conveyancing practice in England and Wales. With extensive opening hours and fixed upfront conveyancing fees, Countrywide can ensure your property transaction progresses smoothly. Contact our conveyancing services team or call 01614 527 458 to find out more.
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