Conveyancing

Conveyancing takes place when you buy, sell or re-mortgage any property. Conveyancing is when the ownership of property or land is transferred from one party to another. The process ensures the completion of the relevant paperwork and assessments to successfully transfer property or land from one owner to another. The Conveyancing process begins when an offer has been accepted on property or land, and the two parties have exchanged details.
Conveyancing for a property usually takes between eight and ten weeks, depending on the circumstances. If you are re-mortgaging your property, it can take around four weeks for the transfer to be completed. However, sometimes the process can be completed more quickly based on the time scale you give your Conveyancer.

The problems you might face in the conveyancing arena are: -

    • Failure to register the transaction on time.
    • Exchanging contracts without already having a firm mortgage offer
    • Defect in title.
    • Misrepresentation and buyers slow to complete transactions
    • Breach of qualified trusteeship.
    • The death of either the seller or the buyer after the exchange of contract