The first National Conveyancing Week is being held across the UK this week, Monday 20th – Friday 24th March 2023. The purpose of the event is to: Inform; Educate; Assist; Motivate; Reassure; Improve the profile of conveyancing. Buying and selling houses can seem quite daunting for sellers and buyers, especially if you are unsure of the process. Howells Solicitors are proud to support National Conveyancing Week, therefore we have created a short information guide on the Conveyancing process, along with some handy tips to help if you are purchasing property.
A house is the most expensive purchase most people will ever make, and we have to ensure that the property you are purchasing is legally sound. Also, we need to ensure that if the time comes for you to move, the property you purchased can be sold without any legal issues.
What is Conveyancing?
Conveyancing refers to the legal transfer of property ownership, including sales, purchases, re-mortgages, transfers of equity, and other related matters. During a standard transaction, this might include:
- Investigation into the title of the property
- Preparation of documents
- Writing and exchanging of contracts
- Payment of Stamp Duty
Many legal requirements need to be met before a change of ownership of a property can take place. This is where a team of experienced conveyancing solicitors can help you make your transaction go as smooth as possible.
What is the Conveyancing Process?
Once you have accepted an offer, your solicitor can start the Conveyancing process for you. The process is as follows:
1. Offer is accepted, and solicitor/conveyancer is instructed
2. Seller completes property questionnaires
3. Solicitor drafts the contract
4. Request details of outstanding mortgage payable (if applicable)
5. Reply to any enquiries raised
6. Exchange of contracts
7. Between exchange and completion
You can find a detailed, downloadable guide on the Conveyancing process here.
Do I Have to Use a Solicitor?
Conveyancing on your own accord is nearly impossible, as most mortgage lenders will insist of you instructing a solicitor to protect their interests. You should appoint a solicitor when you put your house up for sale, or when your offer is accepted if you are buying a house.
How Long Does Conveyancing Take?
Every transaction is different, so it’s hard to pinpoint how long the process can take. However, we would say that the average time is between 6-12 weeks depending on the speed of a number of factors. We understand how important it is to resolve property matters quickly, that is why our expert property conveyancing solicitors will always endeavour to complete your transaction as soon as possible.
What Should I Do When I’m Moving House?
We have created a detailed guide to moving home, along with a downloadable checklist. You can find our useful guide to moving home here.
By combining technology with a friendly, personal service, our Conveyancing team will provide a smooth and hassle-free journey whilst having a peace of mind over costs. We can help with:
Buying and selling property
Mortgages and re-mortgages
Buying your freehold
Transfer of equity
Right to buy
Registering title deeds
You can also receive a free, no obligation, Conveyancing quote on our website.
To speak to us about your property transaction today, please call:
0114 249 66 66 Sheffield
01709 364 000 Rotherham
01226 805 190 Barnsley