How Does Conveyancing Work in 2019?
Published 23rd September 2019
To give you a better understanding of how it works, we have put together a simple guide to conveyancing in 2019. This guide is ideal for those who are new to the process, whether selling or purchasing property for the first time. Conveyancing is the process of transferring the ownership of a property from a seller to a buyer. In most cases, those who are purchasing or selling property work with a licensed conveyancer – a type of solicitor who specialises in this field. Ideally, the best conveyancer to work with is one that offers a no move no fee service. Conveyancers can be online or they can be high street. Essentially, the process remains the same whether they are based in an office or working remotely.
Ready to learn more about how the process works? Keep reading to view our guide to conveyancing in 2019.
A Guide to Conveyancing in 2019
In this guide to conveyancing, we will cover some of the basics of the conveyancing process to help you get a better idea of the process.
What does conveyancing mean?
In short, conveyancing refers to all of the legal work that comes with the transfer of a property from one person to another person. The primary goal of this process is to help buyers and sellers navigate property transactions. Conveyancers are also known as conveyancing solicitors. This process can be simple or more involved. The system is ultimately rooted in ensuring that transactions are legal and fair, with no hidden issues or problems that could end up causing issues.
Can I do my own conveyancing?
While you could do your own conveyancing in theory, in reality, it is far more complex and difficult than it seems. A good example would include purchasing a house and not noticing an issue that could have decreased the sale price. When you do not have professional help, it becomes a lot harder to get recourse against the seller. This is due to the legal principle of 'caveat emptor' (buyer beware). As a result, you could end up losing a great deal financially, all to save a few hundred Pounds by hiring a conveyancer. Hiring a professional does not only protect you against such situations – it also gives you access to property experts that can take you through the entire process of the transaction.
How long does conveyancing take?
If the purchase or sale is straightforward, it could typically take around eight to 12 weeks. Often, transactions end up being less simple. Conveyancing searches could take days or weeks. The time frame between exchange and completion could take a fortnight or it could take longer. Once again, this is where it comes in handy to work with a professional conveyancer who will take you through the process.
How do you choose the right conveyancer?
Choosing a good conveyancer in 2019 comes down to knowing what to look for when starting your search. A good conveyancer will carry out all transactions accurately, minimise the stress by giving you full support throughout the process, work in your best interests, take a proactive role to get deals completed, negotiate with the other party properly, avoid delays, be able to provide a modern conveyancing service that has adapted to the current property climate, and be able to carry professional indemnity. Be wary of any conveyancer who does not respond to your calls or messages, cannot answer questions simply, fails to read documents properly, makes the process more stressful than it ought to be, costs you far more money than you should be paying, and does anything else to jeopardise your move.
For expert assistance you can always trust, contact Home Legal Direct today. We hope that this guide to conveyancing in the UK has been helpful.