The legalities involved in property transactions are so complex that it is essential to employ the right specialist for the job. Of course, you can use your usual family solicitor, if you have one. However, we would strongly suggest that you use one of the local firms of solicitors and conveyancers that we recommend.
We recommend them because we have worked with them for many years, and we are confident that they share the same commitment to providing the highest levels of customer care at all times.
To summarise, conveyancing involves the following:
These are commissioned by your solicitor from the Local Authority and other bodies to ascertain if there are any planning consents previously granted on the property or other matters that may affect it.
The preparation of draft contracts
The draft contract is drawn up by the seller’s solicitor or conveyancer and forwarded to yours for consideration. Any additional queries or questions are dealt with and the contract amended accordingly, subject to final approval.
Exchange of contracts
This is the point at which the transaction becomes legally binding. Once the contract has been signed by both parties, a deposit (normally a small percentage of the purchase price) is paid, and a completion date is agreed.
Completion usually follows a few days or weeks after exchange of contracts. The balance of the purchase price is transferred to the seller’s solicitor or conveyancer and the keys released. Congratulations! You are now the owner of your new home!