What is Conveyancing?

Conveyancing is the transfer of legal ownership of property from one person to another.

Whether buying or selling a house the key to getting things right is being confident that the legal process is being handled by people with the right skills and experience.

Christopher G Mowat Property Lawyers has all the conveyancing experience you will need. Chris himself has been practising since he qualified as a Solicitor in 1973 and has worked in the local area for over 20 years.

We hope this section will help guide you through the legal process of both buying and selling (and don’t forget there is a Legal Jargon Buster for any terms that you are not too sure about), but if you have any queries please do not hesitate to call us on 015394 88901.

 

The Basic Process

There are two stages involved: stage one is preparing for exchange of contracts, once  Contracts have been exchanged the buyer and seller are legally committed to the transaction and the completion date can be set.

The second stage is the period of time between exchange of Contracts and completion.

 

What Can I Expect To Happen When Selling A House?
  • The lawyer will prepare the Contract of sale which contains all terms and conditions regarding the sale

  • The lawyer will deal with any enquiries from the buyer’s conveyancer

  • The lawyer arranges for the preparing and signing of all property transfer documents

  • The lawyer handles the financial transactions of the sale

 

What Can I Expect To Happen When Buying A House?
  • The lawyer will check the Contract thoroughly

  • The lawyer will ask the seller’s lawyers enquiries about any legal issues e.g. evidence of the sellers ownership of the property, rights of way and restrictions on the use of the property. This stage is known as raising enquiries

  • The lawyer will undertake submitting the necessary searches e.g.  local authority, drainage and environmental 

  • The lawyer will receive and check your mortgage offer (if applicable)

  • The lawyer will deal with all financial aspects of the purchase including mortgage and stamp duty

  • The lawyer report to you with the Contract and other documents for signature and request the deposit

  • The lawyer will complete the purchase on a date which has been agreed by all the parties

  • The lawyer will register your legal ownership at the Land Registry after completion 

 

How Long Will It Take To Complete The Property Transaction?

On average, a conveyancing transaction takes 8 - 12 weeks from the time they receive the draft Contract to completion, although a leasehold flat will take longer. How long it takes will depend on a variety of factors that include when a buyer’s mortgage is approved, the speed of the lawyers, how long it takes to get search results back, the length of the chain of transactions (if any) and the legal issues involved. 

© 2019 Christopher G Mowat Property Lawyers is the trading name of Christopher G Mowat LLP, Registered in England No. OC362989
A list of the members of the LLP can be inspected at our registered office. Regulated by the Council for Licensed Conveyancers to provide conveyancing services under Licence Number 11150