You may already know that conveyancing is the process of transferring ownership of a property from a seller to a buyer that is facilitated by a conveyancer or conveyancing solicitor. What you might not know is how this process is done. Here's a guide to shed some light on the conveyancing process:

Property Identification

As a buyer, you, of course, have to identify a property you like and are interested in purchasing. You can contact the seller and inquire about the price and other things you might have in mind. If everything sounds great, contact a conveyancer or conveyancing solicitor. The difference between these specialists is that a conveyancing solicitor is a lawyer who can represent you in a court of law if a legal issue arises, while a conveyancer cannot. This means a conveyancing solicitor is more expensive than a conveyancer.

Meeting with The Conveyancer

You will need to meet with the conveyancer to discuss various important things and for you to be guided on the conveyancing process.

During such meetings, conveyancers outline the services they provide in detail, inform you of their fees, whether you need to pay a deposit and ask questions about how you intend to pay for the property.

When the meeting concludes, and you give the go-ahead to start the conveyancing process, the conveyancer starts representing you but may require to consult you when necessary. They also keep you informed throughout the whole process.

Request for Property Information Forms

Your conveyancer will contact the seller of the property, who might also be represented by a conveyancer, and request for property information forms. These forms include everything that needs to be disclosed about the property of concern; for example, environmental matters, guarantees and warranties, planning permissions, boundary disputes, etc.

Property Research

Your conveyancer does not rely on the information provided by the property information forms. They have to carry out thorough research on the property to confirm the details on the form and try to uncover other things the property information forms might have omitted.

The research entails visiting local authorities, environmental institutions, water and drainage companies, etc., to find out everything there is to know about the property.

When everything checks out, your conveyancer shares their findings and gives you the go-ahead to purchase the property.

Transfer of Ownership

How the transfer of ownership takes place depends on whether you are purchasing the property with a mortgage or paying the full amount yourself. If you are taking a mortgage, your conveyancer might need to liaise with a mortgage lender; let the conveyancer guide you to avoid making mistakes.

To learn more, reach out to a local conveyancing professional.