After months of searching, you finally found the perfect home to settle down in with your growing family. However, the process of turning your dream into reality isn’t as straightforward as getting the keys to the house. The next step is to transfer the legal ownership - known as the title - from the seller to you, the new owner of the property.
The process is called conveyancing, which can get time-consuming once you get the green light from the seller as it can last between eight to twelve weeks. This is because it involves managing the Land Registry, setting up contracts, and transferring the cash on top of organizing the transfer of ownership.
Cutting corners will only lead to costly consequences, which is why first-time buyers and nomads alike need a residential conveyancing expert to ensure all goes smoothly.
What is a Conveyancer?
Specialising in property laws, a conveyancer is a form of a solicitor that is regulated by the Council of Licensed Conveyancers (CLC) in both England and Wales. They are experts in managing the heavily regulated process of conveyancing, which has different legislations depending on your state.
There’s also the option of overseeing the conveyancing process yourself, but it’s better to save yourself the trouble as it involves plenty of complicated requirements, such as the following:
Legal Work behind Conveyancing
The conveyancing process typically starts once the solicitor examines the draft contract and supporting documents. They may also bring up queries to the seller’s solicitor, which is the optimal time for you to share any concerns. This leads to a sequence of property checks that may impact its initial value before you exchange contracts, such as the following:
Common Property Searches in the Conveyancing Process
Environmental factors that may negatively impact the property like development plans or poor location due to the closeness to railway lines;
The verification of the title register and legal ownership;
Evaluating the quality of the drainage system and water supply;
Environmental risks like flood tendencies, ground stability, and proximity to landfill sites;
In addition to inspecting the property, expert conveyancers also need to review the following information to resolve any potential problems that may influence your buying offer:
TA6 - this refers to potential parking, insurance, and planning notices that involves the property;
TA10 - this covers the fixtures and fittings the seller will include in the property;
TA13 - focuses on the nitty-gritty details of the transfer of title and the completion of the sale;
TA7 - this provides comprehensive details about the lease
All in all, this encompasses the first few steps into the conveyancing process, which is involves agreeing on the sale. Moving forward, conveyancers will also oversee the exchange of contracts up to the completion of the sale.
Ways to Ensure a Stress-Free Conveyancing Process For First-Time Buyers
Having the cash on hand won’t do you any favors when it comes to buying and moving into your new home. There are various roadblocks that can delay your full ownership - from vendors taking their time to respond to queries or finding risks amidst the conveyancing process.
If you want to skip a few steps and pick up the pace, the following tips can ensure you can move forward smoothly:
Tip #1: Arrange Your Mortgage Early
Settling matters with your mortgage before you even choose the perfect home for your family is the best way to move on faster with the transaction and legalities that involves with purchasing a property.
Tip #2: Refer to Estate Agents For Expert Assistance
It’s easy to think that you can steer away from miscommunication and extra expenses if you talk directly with the buyer, but having a professional estate agent can act as a buffer between you and the seller. This helps clear any misunderstandings, mitigate potential problems, and encourage a smoother transaction.
Tip #3: Fill in All Required Forms Promptly and Accurately
The conveyancing process is heavy with paperwork, and while it seems easy to overlook, even the smallest mistake can set back your progress. In that regard, it’s best to complete all forms as quickly and precisely as possible so that your solicitor and agent can go to the next stage.
Tip #4: Pick the Right Solicitor
Seeing as the conveyancing solicitor is responsible for managing the entire process of the transfer of titles to the completion of the sale, it goes without saying that you need to work with someone that matches your needs.
The best conveyancer should know how to communicate openly and promptly to offer updates or solutions to any issues along the way. You can find reputable conveyancers through recommendations, but there are also online conveyancing services that offer friendly prices.
Comparing all the costs, expenses, and quotes among your prospects should help lead you to the one that suits your budget and needs.
The Bottom Line: The Role of a Reliable and Expert Solicitor in the Conveyancing Process
Buying your new home is an exciting ordeal, but the process of transferring ownership of a property can be daunting. With that in mind, hiring an expert solicitor that specializes in conveyancing is crucial to the success of the transfer of title.
There are online conveyancing services that are popping up to make your move to a new home an easier ordeal. Seeing as the conveyancing process can often be time-consuming, our business aims to bridge the gap by providing a conveyancing calculator that enables buyers or sellers to compare quotes and prices in a click of a button.
If you’re looking to turn your dream home into reality stress-free, our team of SRA regulated solicitors and licensed conveyancers in the UK can make it easy for you to compare fees and get quotes instantly.
Contact us today at 0330 043 1202 to get free instant online conveyancing quotes and fees!