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This article was published on March 15th, 2021
Ensuring you have an experienced conveyancer is essential if you are looking to carry out a property transaction, but what does a conveyancer do?
Whether you are looking to buy or sell a residential property or complete a commercial property transaction, a conveyancer will play a key role in the process.
But what does a conveyancer do and what is their role in the property transaction process?
Our conveyancing team have put together the essential aspects of their role that clients should be aware of.
Whether you’re buying or selling, it’s important to have a conveyancer in mind before you begin your property transaction.
This is because, once you have decided on a property to buy or sell, the next phase will require the help of a conveyancing professional to help you complete the transaction.
Any property transaction can be complex and it’s important to make sure you choose an experienced conveyancing team to help you avoid any nasty surprises along the way.
The first thing a conveyancing professional will do is to draw up a document called ‘terms of engagement and ask to see your ID, for example a driver’s license or passport. This will outline all fees, charges and deposits that will be required, but don’t worry, our team don’t have any hidden fees.
When you speak to one of our conveyancing solicitors, you’ll also need the information about your estate agent available and if you require a mortgage as a part of your property transaction, you’ll also need to let our team know who the lender is.
Our team will follow the same initial steps as above, however, if you are selling a property, you will also need a memorandum of sale, which can also be known as a notification of sale, your estate agent will be able to provide this. This is an important stage in the process as the notification of sale will include the details of the solicitors for everyone in the chain.
Once the initial aspects fo the process are completed, your conveyancing solicitor will arrange for searches to be carried out. These searches will help give you more information about the property you are purchasing than you may have been able to collect from viewings alone.
These searches, known as Local Authority Searches, will highlight potential contamination areas near the property, any upcoming or ongoing work in the surrounding area such as road schemes or developments, in addition to other searches. Before organising the searches our conveyancing team will fully outline this process and make you aware of anything they require before the searches commence.
Once completed, the search results will be analyzed by your conveyancing solicitor and highlight anything you need to be concerned about.
In this case, your conveyancer will advise you to speak to your mortgage lender and help you with the process of transferring your mortgage from the property you are selling to the property you are buying.
Your conveyancer will also handle any deeds related issues including sending contracts and copies of the deeds to the buyer’s conveyancer.
The conveyancing process can often become more complex than the straightforward measures outlined above, however, once all requirements are met, you will be able to complete your transaction.
Your conveyancer will send you the necessary documents to sign and an exchange and completion date will be agreed.
If you’re considering buying or selling a property our team will be happy to help.
Whether you’re selling a home, buying a new build, looking to complete and agricultural property transaction or you need advice relating to a commercial property, our conveyancing team are experts in a wide range of conveyancing sectors.
We will work with you, supporting you throughout the complete property transaction process, ensuring your legal requirements are met and that you are fully aware of each stage of the process.
If you’d like to speak to one of our conveyancing team, please give us a call for free on 0330 058 0118 or complete our online enquiry form and our team will get in contact with you very soon.
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