Conveyancing / Solicitors

 

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Conveyancing

A PROPERTY ADVICE BLOG Guide to Conveyancing.

So exactly what is Conveyancing?

The practice of conveyancing in law can refer to two forms of transaction:

1) The transfer of title of property between two parties or
2) The process in which a mortgage or lien is granted.

Other uses of the term can be used to describe the bulk movement of substances such as gas, water, sewerage or electricity, but we won't be dealing with this here!

Conveyancing in relation to property sales involves three recognised stages:

• Before contract
• Before completion
• After completion

In legal terms there are two important stages of the conveyancing process. The first landmark is the exchange of contracts which involves the passing of the equitable title, the second landmark is known as completion when the legal title is passed.

PROPERTY ADVICE BLOG tip!

If you’re a potential property buyer be sure to obtain the relevant ‘title’ to the land before making an offer. This means that the seller can prove they are the owner and have the authority to sell the property without cause for any restrictions on the mortgage.

In most cases a system of land registration should ensure that buyers are offered good title through the use of public records. This means that the buyer is aware of any restrictions on the land as well as relevant information on land rights before purchasing. All this information is available for a small fee direct from the Land Registry website.

 

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