You have saved up your deposit, you have found your dream home, your offer has been accepted, what’s next?

Your estate agent will ask you to provide the details of your solicitor or conveyancer that will be handling the conveyancing for you.

So, what is conveyancing? Well, conveyancing is simply the process of transferring the legal title of a property from one person to another. Conveyancing will be conducted by either a Solicitor, a Licenced Conveyancer, or a Conveyancer.

It is always advisable to obtain quotes from a few firms so as you can compare the costs, but also speak to friends and family, ask them who they used and who they recommend. Do you need to use a local solicitor? No, with access to emails and online technology allowing a connection for solicitors to act for distant clients. However, the Law Society does ensure that solicitors and conveyancers carry out due diligence for Money Laundering when being instructed on a property with no geographical connection.

The quotes are obtained the solicitors are instructed, what now? There are four main stages to the process;

Instruction – You will be sent initial paperwork to sign and return, this usually involves a signed acceptance of the quote, requests for identity documentation etc. this enables the conveyancer to open a file and start their work

Investigation of the title – the conveyancer will conduct Local authority and environmental searches; they will check the title of the property to ensure that there is nothing that will affect your ownership of the property. They will check the drafted contract to ensure everything is legally correct and they will also raise any legal queries on the property or title with the vendors conveyancer.

Contract exchange – Once all investigatory work is completed, the conveyancer is satisfied and you are happy with everything. The matter will proceed to exchange of contracts. This is the point where the transaction becomes legally binding.

Completion – This is the point where the purchase monies are sent to the vendors conveyancer and the house becomes your property. Congratulations!

On average the conveyancing process takes 10 to 12 weeks to complete however some can be quicker and some can take much longer. There are many mitigating factors that can influence the amount of time needed to conduct the conveyancing that can come to light throughout the process, however, your conveyancer will always keep you updated on these should they arise.

So if you are in the need for a conveyancer, check out the conveyancing section of our website here or give us a call today and see how our expert conveyancing teams can assist you with the purchase of your dream home.

Get in touch with our team

Call us today at 01262 672249