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The conveyancing process involves several key steps when purchasing a property. In this blog we will explain the steps that our conveyancing team at Clarity will take to ensure that all legalities have been dealt with in the correct manner. This blog will give you an overview of what the conveyancing process is for when you’re buying a property in the UK.

  1. Engaging a solicitor or conveyancer: The first step is to hire a solicitor or licensed conveyancer such as Clarity to handle the legal aspects of the property purchase. They will act on your behalf and ensure that all legal requirements are met.
  2. Offer and acceptance: Once you’ve found a property you want to buy, you’ll make an offer through the estate agent to the seller. If the seller accepts your offer.
  3. Property searches: Your conveyancing team will conduct various property searches to check for any potential issues that could affect the property’s value or your ownership rights. These searches include local authority searches, water and environmental searches.
  4. Preliminary checks: Your conveyancer will examine the property’s title deeds and other relevant documents to verify the seller’s ownership and any legal restrictions on the property. From this point, legal enquiries will be raised with the seller’s conveyancer.
  5. Mortgage and finances: If you need a mortgage to finance the purchase, you’ll need to arrange it at this stage. Your lender will conduct a valuation of the property to ensure it’s worth the loan amount. The lender will then issue a mortgage offer to yourselves and to your conveyancing team. The mortgage offer will be checked and any important information relating to the property relayed to your lender.
  6. Exchange of contracts: Once all checks are completed, and you and your conveyancing team are satisfied, exchange contracts will be sought from the sellers. When exchange takes place, the date for completion is fixed and at this point, both parties are legally bound to complete the transaction.
  7. Completion: On the agreed completion date, the remaining funds are transferred to the seller, and you’ll receive the keys to the property. The purchase is now complete.
  8. Post-completion: Your conveyancer will handle the payment of stamp duty land tax (if applicable) and register your ownership with the Land Registry.

Conclusion:

Conveyancing is a crucial legal process that ensures a smooth and secure transfer of property ownership. Clarity is rated Excellent on Trustpilot and regulated by the Council for Licensed Conveyancers (CLC).

Looking for some legal advice?

If you are thinking of buying or selling your property, we’d love to hear from you. We have offices in Northampton and Milton Keynes and serve the surrounding areas.