What is Conveyancing?4 min read
When buying a new home there are many important steps that you need to go through in order to get the property of your dreams. However, the legal process may be one of the most important, and arguably one of the longest. For this reason it is important that you have a solid understanding of what your solicitor does and why it is important to have your solicitor in place early on in your buying journey.
This idea can seem really daunting but simply put, conveyancing is the legal transfer of a property from one owner to another. This is the work that your solicitor will do on your behalf and includes any admin work that concerns buying the property. The solicitor’s primary responsibility in the conveyancing process is to make sure that the title deeds for the property, along with the land it sits on, are transferred correctly making sure that you are legally the new owner of the property. Solicitors make sure that the person selling the property owns it and has the right to sell it, before the property can be signed over to you.
Very often people forget to engage their solicitor early on in the process when buying a property. After you have gotten mortgage approval you should consider lining up your solicitor. When bidding on a house it may be to your advantage to have your solicitor in place as it indicates to the estate agent that you are a serious and organised buyer, which may give you an advantage over others bidding on the property. It should also be noted that as soon as your offer is accepted the estate agent will ask for your solicitor’s details to send onto the seller's solicitor. So, having already engaged your solicitor you will be ready to start the legal process and not add any delays.
A number of home buyers are drawn in by law firms who offer the lowest price. These offers may seem attractive at first but it may not offer the personable and attentive service that you are looking for. By looking for the solicitor that suits your needs at the start of the home buying journey it can then make it easier when bidding and making offers. It will also give you peace of mind that there are no legal issues, or if there are that they can be resolved early on. Remember that Lintil is here to connect you with a dedicated, reasonably priced solicitor at the correct time in your buying journey.