What Is The Conveyancing Process When Buying A House?

When buying a house, the conveyancing process is pretty simple, when you choose the right residential conveyancing solicitor. This is because a good conveyancer will guide you through the conveyancing process, step by step. Looking for a professional and trusted conveyancing solicitor to guide you through the conveyancing process when buying a house? Call our local conveyancers now.

In the meantime, let’s look at what to expect from the conveyancing process from your conveyancer when buying a home.

Our team of conveyancers will start the conveyancing process for you when buying a house. This will include contacting the seller’s conveyancing solicitor and obtaining a copy of the contract as well as any other documentation. It is their responsibility to raise any queries on your behalf with the seller’s conveyancer. In addition, they will address any potential issues before the exchange of contracts. Throughout the conveyancing process they will give you regular updates and respond promptly to all queries, every step of the conveyancing process, to make it as stress free as possible for you.

We would recommend having a survey conducted on the home you want to buy too. The earlier in the conveyancing process this can be completed, the better. It is part of the process that will be carried out by your conveyancing solicitor. They will identify any issues with the property. These could influence your decision on the purchase of the home. Based on this, your conveyancer with negotiate or withdraw the offer with your best interest, on your behalf.

Your conveyancer will also complete searches for you, which will often be required by the mortgage lender and are important when buying a house. They will complete a local authority search on your behalf. This will give you an overview of the property you wish to buy, any Town and Country Planning legislation you need to be aware of, financial orders and a number of other matters that could affect the house.

A conveyancing solicitor will also complete a water and drainage searches on your property. This is done to ensure that you have a connection to a water supply. The search will also confirm that there is a mains drainage for the surface water. They will also complete environmental searches on your home. This will account for environmental risks that could affect your home. This will include things like contaminated water or the stability of the ground, for example. Your conveyancer will also check the title register at the Land Registry to verify the seller’s ownership of the property.

When you obtain your mortgage offer, your lender will carry out a valuation of the property. This is done to confirm that the home provides sufficient security for the loan. This offer will then be reviewed by your conveyancing solicitor to ensure it meets the terms of the sale. Once all checks are complete and both parties are satisfied with the terms, including the agreement of completion date, contract are exchanged. This is when a fixed moving date is chosen, and it is legally binding to both parties.  At this point the deposit will need to be given to the seller’s solicitor.

The final stage of the conveyancing process when buying a home is completion. This is where the agreement of a completion date has been made. The balance of the purchase price has been paid, and the keys are handed over from the seller to you, the buyer.

However, even at the final stage there is more work for the conveyancer do. Post completion your conveyancer will pay the Stamp Duty on your behalf. This will register you as the owner of the property with the HM Land Registry.

Need a conveyancer that you can trust to guide you through the conveyancing process when buying a house? Call our conveyancing specialists now to see how we can help you.