Conveyancing process in England and Wales
This site is about
Conveyancing and the conveyancing process, which is the legal process that is used when transfering the ownership of property (in the form of leases) from one person (or party) to another. If you are about to buy or sell a property, you need to understand the Conveyancing Process.
It is designed for members of the general public and uses the least amount of legal jargon possible in explaining the conveyancing process. It has been compiled with the help of qualified lawyers and licensed conveyancers.
The reasons behind the Conveyancing process
People often feel that Conveyancers get paid for doing very little. But in fact the conveyancing process can be complicated and is very important.
The Conveyancing process is designed to make certain that;
- The seller actually owns the property they say they own
- The buyer and seller are who they say they are
- The seller is free to sell the property - there are no other financial or legal claims on the property
- There are no actions being undertaken by the local authority, local water utilities etc that could affect the value of the property
- If it is a Leasehold property - that the Freeholder and Management companies are properly involved in the transaction
- The exchange of money is handled properly and safely
- That any mortgages are correctly dealt with
- The property does get properly transferred and registered
For these reasons it is essential that Conveyancing is done by a qualified Conveyancer, Property Lawyer or Property Solicitor.