Understanding the Conveyancing Process: A Step-by-Step Guide

Buying or selling a property can be an exciting, yet overwhelming experience. One of the most important aspects of the process is conveyancing - the legal transfer of ownership from one person to another. It involves a number of complex legal procedures, which is why it's important to work with an experienced conveyancing solicitor. In this article, we'll provide a step-by-step guide to help you understand the conveyancing process.
Understanding the Conveyancing Process: A Step-by-Step Guide - John Barkers Solicitors Grimsby

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Step 1: Instructing a Solicitor

The first step in the conveyancing process is to instruct a solicitor. They will act on your behalf and ensure that the legal process is carried out correctly. The solicitor will provide you with a detailed quote for their services, which will include any fees, expenses and disbursements, including a complete detailed breakdown of any stamp duty / land tax / SDLT payable.

Step 2: Property Searches

Once you've instructed a solicitor, they will carry out various property searches. These searches will check for any legal or environmental issues that may affect the property. Searches can include local authority searches, drainage and water searches, environmental searches and more.

Step 3: Reviewing the Contract

Your solicitor will review the contract and make sure that it's fair and legally binding. Your solicitor will review the information supplied and raise relevant enquiries relevant to the property. As an example this could include ensuring the correct paperwork exists for an extensionThey will also ensure that any special conditions, such as the fixtures and fittings, are included in the contract.

Step 4: Exchange of Contracts

Once both parties have agreed on the terms of the contract, they will sign and exchange contracts. At this point, the sale becomes legally binding and a completion date is set.

Step 5: Completion

On the day of completion, the balance of the purchase price is paid to the seller's solicitor. The keys to the property are then released to the buyer and the property officially changes hands.

Step 6: Post-Completion

After completion, your solicitor will ensure that the property is registered with the Land Registry. They will also pay any stamp duty land tax and deal with the transfer of ownership of the property.

Summary

The conveyancing process can be complicated and time-consuming, which is why it's important to work with an experienced conveyancing solicitor. At John Barkers Solicitors, we specialize in conveyancing and can provide you with expert legal advice throughout the process. Whether you're buying or selling a property, we're here to help. Get in touch with us today to find out more.

Call our friendly team now
on 01472 358686

Lines open Monday to Friday, 9am to 5pm

Live Chat: Available