What is the conveyancing process? Conveyancing and Property
The conveyancing process is the legal process of transferring property or land from one set of legal names to another, by way of a sale or purchase or transfer of equity. It deals with all the legal elements of this, such as mortgages, searches, and enquiries to ensure the property is legally sound.
The conveyancing process includes:
- Instructing a solicitor or licenced conveyancer.
- Requesting, examining and raising enquiries about the draft contract, legal title and other important documents.
- Ensuring a mortgage is in place (if required) and all conditions are complied with.
- Requesting and reviewing relevant searches.
- Facilitating the client’s signing of the contract papers once everything is in order.
- Agreeing a completion date (moving date).
- Exchanging contracts and legally committing you to your sale/purchase.
- Requesting your mortgage advance or ordering a redemption figure if you are repaying a mortgage on a sale.
- Completing the transaction and applying to the Land Registry to update the legal title to the property.