By Frances Traynor
22nd November 2017
Written by Frances Traynor
Conveyancing is the legal and administrative process required for the legal transfer of home ownership from seller to buyer and is usually carried out by a property solicitor or conveyancer. The conveyancing process starts when the buyer makes an offer on a house and only ends at the point the buyer receives the keys to their property. Conveyancing includes the drawing up of sale contracts, legal searches including the status of the property’s tenure – for example, freehold or leasehold – and of its title – i.e. who actually owns the property being sold.
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Conveyancing can be an occasionally complicated process. Conveyancing solicitors and licensed conveyancers are experienced and practised in the procedure and can recommend and carry out the types of searches required by your mortgage lender; for example, flood and environmental risks, or mining searches in specific areas. Our conveyancing solicitors’ experience and knowledge in this area can help to remove the stress of buying or selling from you.
Homeward Legal works with a group of specialist property lawyers and licensed conveyancers with offices in more than 50 locations across England and Wales. Our expert property solicitors provide residential and commercial legal services to home buyers, sellers, owners and investors, including sale and purchase conveyancing, re-mortgage conveyancing and transfers of equity. If you instruct a solicitor or conveyancer through Homeward Legal, they will review and negotiate contracts on your behalf, advise on a mortgage offer, carry out the necessary searches, exchange and complete contracts and carry out all post-completion formalities.
Homeward Legal can help you find a solicitor or conveyancer quickly and efficiently. Call us on 0800 038 6699 to discuss your requirements or get a free conveyancing quote online. Our team of more than 200 specialist conveyancing solicitors are regulated by the Solicitors Regulation Authority (SRA), while our conveyancers are accredited with the Conveyancing Quality Scheme (CQS), which is awarded by the Law Society. With offices throughout England and Wales, we can find you a local property solicitor to take you through the conveyancing process.
We offer a Fixed Fee Guarantee for standard conveyancing transactions, meaning you can budget for your move from the start and won’t be surprised by any unexpected extras later on. Your conveyancing quote will clearly outline all fees and disbursements. There are no additional fees hidden in the small print. On the rare occasions when we cannot provide a Fixed Fee Guarantee, the reasons for this will be explicitly outlined to you.
You will not be charged any fees if, for any reason, your transaction does not complete during the process. You can either get a full refund, or if outside of 14 days from instruction, Homeward Legal will hold your payment ready for when you’re buying or selling next time.
A property sale is not legally binding in England and Wales until both buyer and seller have exchanged contracts. Gazumping is where another buyer offers the seller more money and the seller reneges on their deal with you. Gazundering is when the buyer reduces their offer just before contracts are exchanged, forcing the seller to consider reducing the price to ensure the sale goes through. Gazanging is where the buyer decides to pull out of the sale altogether. Any one of these things can happen before contracts are exchanged, causing inconvenience and disappointment. However, thanks to Homeward Legal’s “no completion, no fee” guarantee, if you are the victim of either gazumping or gazanging, you will not be out of pocket.
There is no set timeframe for completing the conveyancing process. Factors such as whether you are in a chain, delays in obtaining survey access or a hold-up in attaining a mortgage can slow things down. Your solicitor or conveyancer will be in regular contact with you to advise of any issues that might hinder the conveyancing progress. We do aim for completion at around 8-10 weeks, but there are many factors that may delay this. You can contact Homeward Legal at any point for assistance and advice.
While solicitors and licensed conveyancers on both sides will do all of the administration and searches required for the conveyancing process, there are some things both buyers and sellers can do to accelerate matters. Sending back all documentation and anything that requires a signature in a timely fashion, while also responding quickly to requests for information can help ensure the transaction is expedited efficiently.
Different searches are carried out, some depending on the mortgage provider and the area in which the property is situated.