A guide to the conveyancing process when buying property

With over 4.5 billion people worldwide now on social media, we are constantly bombarded with people’s opinions, views and even fake news on various matters. While it’s insightful to hear the perspectives of everybody around us, not all of them are able to offer accurate legal advice.

Solicitor firms play an indispensable role in the legal landscape by leveraging their professional training and expertise to navigate the complex realm of law. Whether you require legal assistance for personal or business purposes, a legal representative can provide invaluable guidance and support, particularly when dealing with transactional matters like conveyancing. Having an expert opinion at your disposal can make all the difference in achieving a favourable outcome.

The Conveyancing Process

Conveyancing is the legal process of transferring property ownership from one party to another. This includes any type of property purchase, whether you’re the buyer or the seller.

The official conveyancing process starts once the seller’s legal representative issues a contract to the buyer’s legal representative and continues until the buyer receives the keys to the property, which marks the legal completion. Prior to completing, the legal representatives for the buyer and seller exchange contracts to set the completion date.

The process typically takes around 8-12 weeks however, a solicitor can expedite the process by promptly submitting relevant information on your behalf and ensuring it progresses without any delays. Also ensure that you receive regular updates from your solicitor, notifying you if there are any issues.

Buying and selling property

Buying and selling property may seem straightforward in theory, and in an ideal scenario, it should remain that way. However, in the UK, conveyancing is a highly regulated field, with stringent regulatory requirements in place for good reason. This often leads to legal consequences which can be challenging for untrained individuals to navigate alone which is where legal professionals come in with their specialist expertise and skills to guide you through.

Normally once all parties have officially signed the contract, the legal representatives or conveyancers on both sides would work together to agree on a completion date and then proceed to exchange contracts. It is the responsibility of the seller and their conveyancer to address any queries or concerns raised by the buyer before the contract is signed. When the buyer’s legal representative is satisfied with all replies to enquiries and search results, they will then advise the buyer of the same and then agree a completion date with sellers and proceed to obtain a deposit from the buyer to exchange contracts. However, it’s important to note that the specific details and requirements of a property transaction may vary depending on the complexity of the legal title and the entries in the search results and the terms agreed upon between the parties involved. Therefore, it’s always advised to consult with a qualified legal professional or conveyancer for accurate and up-to-date advice on a specific legal matter.

Ultimately, the legal representative will guide their clients.

Get in touch

At Thomas and Thomas Solicitors, we understand that buying and selling property can be daunting at times, especially given the requirements involved. We provide trusted residential and commercial conveyancing services. To make the buying and selling of property as easy as possible we offer a free online quotation service which can be accessed anytime from our website or by contacting our office to obtain a quote, once this quote is accepted online you will be instantly sent an email with documents to complete, helping to streamline the entire process. For further advice on conveyancing, get in touch with our expert team