What Is a Conveyancer and Do You Need One When Buying a Property?
March 2, 2022

Buying a home is an exciting process, but it can also feel complicated. That’s why choosing a professional and efficient conveyancer is crucial. In order to choose the right conveyancer, it’s important to know what the role of a conveyancer is.

What Is Conveyancing?

Conveyancing is the process of transferring legal ownership of a property from one party to another. So, the answer to the common question, ‘what is the job of a conveyancer?’ is fairly simple: to carry out this process. Both the buyer and the seller will have a conveyancer to act on their behalf and complete the necessary administration and legal work involved.

What Is The Conveyancing Process?

When you buy a home, there are usually five steps to the conveyancing process:

– Step One: Instruct a Conveyancer

First, find a conveyancer to act on your behalf. It’s best to do this as soon as you have your offer to buy a property accepted so your conveyancer can sort out preliminary matters, such as identity checks, whilst they are waiting to receive any contract information.

– Step Two: Searches and Enquiries

When you have found a suitable conveyancer, you will need to pay for your searches to be carried out. These check the property and surrounding area for, for example, the likelihood of flooding or approved plans to build nearby. Your conveyancer will also raise any enquiries prompted by the legal documentation they’ve received, for example, making sure any extensions have the necessary planning permission.

– Step Three: Mortgage Offer

Your mortgage broker will have already secured a mortgage offer on your behalf but your conveyancer will double-check everything to ensure it is the right product for the property you are buying.

– Step Four: Contracts, Exchange and Completion

After you sign the contracts for the property and send them to your conveyancer, along with your deposit, your conveyancer and the seller’s conveyancer will agree on a completion date and exchange the contracts. To avoid any delays, it is best practice for your conveyancer to receive your mortgage the day before completion so the funds for the purchase can be transferred and you receive the keys to your new property as early as possible.

Do You Need An Estimate For Your Conveyancing?

This is a general overview of the process to give you an idea of what a conveyancer does and why it is so important to choose an organised, efficient conveyancer who can carry out the process without causing delays. If you would like a conveyancing estimate, contact us today.

Image Source: Pixabay