Residential Conveyancing
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If you are looking for conveyancing services, then you have come to the right place. At Triangle Legal Services we are consultants working with Taylor Rose MW solicitors firms to provide a great conveyancing experience. When it comes to buying and selling your residential property, you can be confident that by instructing us:
- fast progress
- regular communications
- an excellent experience
Our aim is to get you moved.
What is Conveyancing?
Let’s start with the basics: what is conveyancing? Conveyancing is the legal transfer of property from one owner to another. When you buy or sell a property, you will need to go through the conveyancing process to ensure that everything is legally in order. This includes tasks such as preparing contracts, carrying out searches, and transferring funds. It is a complex process, but our team of expert solicitors will guide you through every step.
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Contact us today to discuss how our expert conveyancing solicitors can take care of your residential property sale and purchase.
Why Is Conveyancing Important?
Conveyancing is a crucial part of the property buying or selling process. Without it, you could be at risk of legal disputes or financial losses. By working with a skilled solicitor, you can be confident that you are legally protected throughout the process. Our team will work to ensure that all the necessary paperwork is in order, and that the transfer of funds is carried out safely and securely.
Choosing a Conveyancing Solicitor
When it comes to choosing a conveyancing solicitor, it’s essential to select someone you can trust. Look for a firm with a track record of success in conveyancing, and check their reviews to see what previous clients have said. You should also consider the fees involved, as conveyancing can be expensive. At our firm, we offer transparent pricing and a comprehensive service that won’t break the bank.
The Conveyancing Process
Once you’ve chosen your solicitor, it’s time to begin the conveyancing process. This typically involves the following steps:
- Onboarding – At this stage the solicitor will identify their clients. This is a very important stage in the process. With the increase in online fraud and identity theft, having a solicitor that follows the correct procedures for identifying clients is essential.
- Drafting Contracts – The sellers’ solicitor will draft a contract that outlines the terms of the sale and prepare other documents and information needed for the sale.
- Searches – The buyer’s solicitor will carry out various searches to ensure that there are no outstanding debts or legal issues with the property.
- Survey – You may choose to have a survey carried out on the property to check for any structural issues.
- Pre-Exchange – The most time-consuming part of the process, gathering the information needed and satisfying any concerns the buyer or sellers may have. This involve a lot of toing and froing between solicitors, managing agents (if there are leases involved), estate agents, mortgage brokers or lenders and of course the buyers and sellers.
- Funds Transfer – Your solicitor will ensure that the funds are in place for the sale or purchase.
- Exchange of contracts – This is the legal contract a buyer makes with a seller to buy the property. The buyer’s solicitor will prepare a report to the client and to the lender about the title to the property and any other issues, if any. At this stage the buyer pays a deposit to the seller, and they are legally bound to buy the property.
- Completion – This is the stage where the buyer and seller get ready to and finally move. Between exchange and completion this is the time to inform utility providers of the move, arrange telephone lines, arrange movers and other practical matters. Your solicitors will arrange for funds to be drawn down and transferred.
Our team of solicitors will guide you through each step of the process, ensuring that everything is legally in order.
Buying And Selling Your Home FAQs
Conveyancing is the legal process of transferring property ownership from a seller to a buyer. It’s necessary to ensure a smooth and lawful property transaction.
Up until the exchange of contracts either party can pull out of the residential property transaction. Once contracts are exchanged compensation will be owed to the other side if you cannot complete the sale and purchase process.
There is no legal requirement to pay for property searches, however, it is exceptionally risky to not get them done. At a minimum you should invest in a:
- Water and drainage search
- Local authority search
- Environmental search
Depending on where the property is located, it may also be wise to have searches related to mining and flood risks carried out.
Investing a few hundred pounds in getting the necessary property searches done can save you thousands of pounds should something occur that affects your property in the future which could have been picked up before you committed to the purchase.
If you are buying with a mortgage, your lender will usually require searches.
Conveyancing fraud is a matter we take extremely seriously, especially given that some transactions we deal in involve the exchange of millions of pounds. We follow all the recommended guidelines when it comes to preventing conveyancing fraud. We also hold a Conveyancing Quality Accreditation from the Law Society of England and Wales which requires us to have processes and procedures in place to ensure client funds are fully protected.
By instructing us to manage your residential property sale and purchase you can be confident that the matter will proceed quickly and cost-effectively. We are dedicated to providing exceptional customer service and our ability to quickly deal with complex property matters is well known throughout the Central and Greater London area.
The conveyancing process usually takes around 8-12 weeks, but it can vary based on factors like property type, chain length, and local processes.
Conveyancing costs include legal fees for the solicitor or conveyancer, as well as disbursements like searches, land registry fees, and taxes. Fees can range from £500 to over £2,000 depending in the nature and complexity of the conveyancing.
A conveyancing solicitor or licensed conveyancer handles legal aspects, including paperwork, searches, and contracts, to ensure a legally valid property transfer.
Searches, such as local authority, environmental, and drainage searches, are conducted to uncover any issues that might affect the property or its value.
Legal issues can include boundary disputes, title discrepancies, or planning permission concerns. Solicitors work to resolve these issues before completion.
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