People regularly go through the process of buying a new house, but they are often unaware of how important the conveyancing process can be.
Michael Foxford, head of the conveyancing team at law firm Birchall Blackburn Law, answers some frequently asked conveyancing questions.
When do I need to start the conveyancing process?
Conveyancing is the process of legally transferring home ownership from the seller to the buyer, this process only begins when your offer on a new house has been accepted and ends when you have collected the keys.
What does a conveyancer do?
A conveyancer will deal with all legal matters, administration, finance and queries involved in the property transaction. They will process and agree contracts, transfers, mortgages and leases, as well as drawing up all documents that sellers and purchasers must sign during a transaction.
Can I use any lawyer?
Yes, you are free to choose any solicitor to act on your behalf, however if you are buying a house with a mortgage, it’s best to check that your lender is happy with your choice of conveyancer before you instruct them.
Each mortgage lender will have a specific set of requirements and a maintained list of preferred conveyancers that they are happy to appoint. If you choose to use a separate solicitor this could lead to delays and you could be required to pay the lender’s representation costs.
How long will the conveyancing process take?
There are many things that can influence the length of the conveyancing process. We usually estimate that it can take between 6-8 weeks for a typical freehold property from the start of the transaction process.
However, even if you are ready to move as soon as possible, the length of time will depend on and could be increased by many factors, such as; issues revealed by searches or title investigations, whether you are in a chain, how many people are in that chain, how quickly those parties are able to complete and whether any issue arise with transactions further down the chain.
Why is it important that I use a conveyancer?
Employing an expert to deal with the conveyancing procedure guarantees that you will have an expert assuming full liability during the process.
Finding the right conveyancer to orchestrate the property transfer and keep on top of the details can take the weight off your shoulders, time and money can also be saved and the risk of the transaction being delayed or derailed is significantly reduced.
At Birchall Blackburn Law we have an award-winning conveyancing team who are on several lenders’ panels and are certified as a Conveyancing Quality Scheme member. For any conveyancing questions, give the team a call on 0800 085 3627, or for an instant online quote click here.