Conveyancing Process
Conveyancing fees vary depending on which method you choose. Online conveyancing typically costs less than using a solicitor, but it’s important to read the small print carefully as some online services may charge extra for things like valuation reports. If online conveyancing is not available in your area, using a solicitor will usually cost more but you’ll have the added security of having a professional on hand if anything goes wrong.
Once both parties have signed the contract and paid their deposits, the conveyancing process can get underway. There are four main steps: exchange of contracts, research on property rights, completion of transaction, and registration of transfer deeds.
At this stage, both buyer and seller must agree to sell and buy respectively under what conditions do they need to complete sale/purchase between themselves / through an agent online via online portals such as ZILLOW or Property Guru or offline with help from a solicitor.
Online conveyancing
Online conveyancing has increased in popularity as it is normally cheaper and has a greater degree of transparency. The good online conveyancers will provide full online case tracking so you can see the stage you are at.
Due to the global pandemic, many conveyancing firms have moved more processes online, which has increased competition in this area. Online conveyancers such as My conveyancing Specialist have been set up to provide high-quality conveyancing services which can provide you with a quote in seconds of entering the property details.
The online system will then provide online documentation to both parties and can be printed online via online portals such as ZILLOW or Property Guru or offline with help from a solicitor.
At this stage, the legal process of transferring ownership is not complete until all relevant information about property rights has been checked thoroughly. This includes checking things like planning permission and sewerage access for the next 20 years, to ensure that there are no unexpected surprises down the line.
Once your contract has been accepted by the seller and you’ve made your offer and paid your deposit, it’s time to get ready for completion day – when you officially take ownership of the property. This is a key stage in the conveyancing process, and it’s important to make sure that everything goes smoothly so that you can move into your new home as soon as possible.
Completion
Completion usually takes place at the offices of a solicitor, and you’ll need to provide ids such as a passport or driving license. You’ll also need to hand over the balance of your purchase price (less any deposits already paid) and sign the transfer deeds. Your solicitor will then register the transfer with HM Land Registry, officially transferring ownership of the property to you.
Once all these steps have been completed, you’re ready to move.