Secure your New Purchase with Reliable Conveyancing Services

In the United Kingdom and other countries across the world, it is very common for residential as well as business properties to be transferred in ownership from one party to another. Conveyancing refers to the transfer of a legal title of property from one person to another. It also refers to granting an encumbrance or transfer of existing debt, for example a mortgage, lien or unpaid taxes. Conveyancing procedures vary depending on the jurisdiction you live in, so it is important to understand the terms of the process so you end up treating yourself fairly as well as the person who is acquiring your property.

In most cases, there are three basic stages to the conveyancing process. The first refers to the period before the contract is actually written up. Thereafter, you have the stages referred to as “before completion” and “after completion”. In each stage, there are certain activities that your conveyancer or the assigned solicitor you use need to ensure are carried out. Obviously therefore, you need to ensure you check out the experience and ability of a conveyancer or solicitor before you actually start the process.

The buyer of your property needs to ensure that they obtain a good title. A good title basically confirms that the seller is actually the owner and has the right to sell. There should not be any factor that impedes a resale and a good title should spell that out in clear and plain language. Of course, many people choose the services of a solicitor or a licensed conveyancer to handle the whole transfer process on their behalf. This person can also help the seller as well as the buyer. However on either side, the process of conveyancing can be carried out by the individuals because a solicitor could end up costing an arm and a leg.

The period before the contract refers to a time when the buyer and seller negotiate an agreed price. At that point, the seller organizes a survey to be done and allows the solicitor on behalf of the buyer to carry out searches and enquiries. All of this is done before the contract. Once everything seems to be intact, then the seller’s solicitor will draft a contract for approval by the buyer’s solicitor. The seller’s solicitor will also collect and put together the information on the property for presentation to the buyer’s solicitor.

The average conveyancing period can last from 10-12 weeks. The catch with a conveyancing procedure is that either party can pull out before exchange of contracts. There will be no legal obligation until the contracts have been exchanged.

Getting your property sold can be a tricky process if you do not know what you are doing. In the event you have any doubts about the whole conveyancing process, your best bet would be to contact a solicitor who understands the law and can carry out the procedure with very little hiccups.