For first-time buyers and sellers, understanding the legal side of buying and selling property can feel daunting. However, having a clear understanding of the conveyancing process is important to avoid unnecessary delays, stress, or additional costs when moving home.
This beginner’s guide explains the conveyancing process step by step to help you feel more confident when buying or selling a property for the first time.
The first step in the conveyancing process is instructing a solicitor or licensed conveyancer. While cost is often a deciding factor, choosing a reputable and experienced solicitor can help prevent delays and complications later on.
You can instruct a solicitor as soon as you decide to buy or sell a property. Doing so early can save time, as there will be legal documents that need to be completed and processed before contracts can be exchanged.
Once an offer has been accepted, the buyer’s solicitor will review the mortgage offer from the lender. If the buyer does not yet have a mortgage offer in place, this must be arranged, as contracts cannot be exchanged until the mortgage has been formally approved.
The buyer should now consider arranging a survey on the property. While a lender’s valuation may be carried out for mortgage purposes, it is recommended that buyers commission their own survey.
A homebuyer’s report or full structural survey can identify potential issues such as roof damage or structural concerns. Any problems discovered may lead to renegotiation of the price or, in some cases, the buyer withdrawing from the purchase.
Once both parties have instructed solicitors, the seller’s solicitor will send a contract pack to the buyer’s solicitor. This typically includes the draft contract, title documents, property information form, fittings and contents form, planning paperwork and any relevant guarantees.
At this stage, the buyer’s solicitor will begin carrying out property searches.
Local authority and drainage searches are usually required to identify any issues that could affect the property.
Depending on the property’s location, additional searches may be required, such as environmental, coal mining or brine searches.
The buyer’s solicitor will review all documentation received and raise any enquiries with the seller’s solicitor where clarification is needed.
Once satisfied, the solicitor will prepare a detailed report for the buyer, outlining all findings and confirming whether it is safe to proceed.
When all checks are complete, the buyer’s solicitor will request the signed contracts and deposit funds. Contracts are then exchanged between solicitors.
After exchange, both parties are legally bound to complete the transaction on the agreed date. Completion usually takes place between one and four weeks after exchange.
If you have any questions about the conveyancing process when selling your home, please get in touch today.
Emoov supports buyers and sellers throughout the property journey by combining expert guidance with an easy-to-use online service. From marketing your property to helping you stay informed at each stage of the process, Emoov makes moving home clearer and more manageable.
By offering transparent pricing, nationwide exposure and access to experienced professionals, Emoov helps reduce unnecessary delays and keeps you in control from listing through to completion.
The conveyancing process is the legal and administrative procedure used to transfer property ownership from one party to another. It includes property searches, contract preparation, title checks, negotiations and the transfer of funds. The process ensures that both buyers and sellers are protected and that the transaction meets all legal requirements.
The conveyancing process typically involves instructing a solicitor, reviewing mortgage offers, arranging a survey, exchanging legal documents, carrying out searches, raising enquiries and exchanging contracts. While every transaction is different, these steps form the foundation of most property purchases and sales.
The conveyancing process plays a crucial role in ensuring that property transactions are legally sound and completed smoothly. By understanding each stage and working with an experienced solicitor, first-time buyers and sellers can reduce delays and move forward with greater confidence.
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