Learn more About Conveyancing
Throughout our ‘Services’ pages we have explained each conveyancing service we offer in great detail to help you understand what we can do for you.
In this section we have gone further into the generics of the topic of conveyancing.
You can find all the latest news articles and updates we have posted on this topic to keep you up to date with relevant and informational content regarding conveyancing in the UK.
What is Conveyancing?
Conveyancing is the full administrative process that needs to be completed prior to the transfer of ownership of a property and would generally be executed by a solicitor or conveyancer.
That means that conveyancing doesn’t just encompass the buying and selling of a house or flat, it also includes transfer of equity and the re-mortgaging of the property.
Conveyancing services include searches such as the land registry searches. Searches are enquiries that are submitted by your solicitors to local authorities to find more information about the property.
Some searches are required by law and others are optional. Searches will help ensure the buyer knowing that the property is really worth what they are paying for it.
The conveyancing solicitor will obtain title deeds of the property for you as well as any other required documentation while maintaining contact with the other party’s solicitors. Contracts are drafted and exchanged between the two solicitors and negotiations on the details of the contract will be conducted.
Sale and Purchase of Property
The most well-known use for conveyancing services is for the sale, purchase, or the sale and purchase of property.
If you are a first-time buyer you would only be interested in the ‘purchase’ side of things, while if you were already a home owner looking to upgrade you would be more interested in both the sale and purchase.
As a homeowner looking to buy a new property after selling the old one you need conveyancing services to be completed on both processes. This can generally be done by the same conveyancer or solicitor, however both processes are concluded separately.
Transfer of Equity
A transfer of equity would happen if the property owner sells or gives part of the property to for example a spouse or child, or when they were to remove someone from the title deeds.
This process is relatively straight forward, however to conclude a transfer of equity you do require the involvement of a solicitor.
It could be in your best interest to secure a new mortgage on the property you are already in. The re-mortgaging process could offer you access to better deals and with that, save you a significant amount of money.
New Articles on Conveyancing
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