Andrew and Andrew – Conveyancing solicitors in Portsmouth
One of the most stressful things anybody can put themselves through is buying and moving to a new house.The stress comes at you from all stages of the process. First, you need to find a house you like, then agree to the price, next comes the legal process of the sale, and all of this happens before you can set a date to move.
When it comes to the legal side of the sale, Andrew and Andrew, conveyancing solicitors, has you covered.
It is important to find a well-established solicitor that has a strong history assisting people wanting to buy and sell houses. Where possible you should seek to find a legal practice with a rich legal background, strong local knowledge of the local issues and about its practises as conveyancing solicitors.
What is conveyancing?
Under UK law, conveyancing is the act of transferring the title of property from one person to another or the granting of an encumbrance such as a mortgage. The conveyancing process is made up of two stages, the exchange of contracts followed by the completion.
Once the process of completion has been finalised, the conveyancing transaction has reached its end, the ownership title is then changed to reflect the completion and the change of ownership. The typical conveyancing transaction relates to the buying and selling of houses for private ownership, though these transactions can relate to business, property and land.
On behalf of the buyer
Once you have found a house and agreed to a price, you should engage the services of a conveyancing solicitor, along with informing the seller of the details of the solicitor you have hired. At this point, the seller’s solicitor will draft a contract to be approved by the buyer and their solicitor.
At this point, the seller’s solicitors will also collect all the relevant information regarding the property involved, this will be sent to the buyer’s solicitor. These details are collected in line with the national protocols for domestic conveyancing as laid out by the Law Society.
Once your solicitor has received all information about the property for the buyer’s side of the transaction, they can then undertake conveyancing searches on your behalf. These searches are designed to uncover details about the property that may prevent the buyer from living in the property or fully enjoying the benefits of the property.
The normal length of time it takes to complete these searches are 10–12 weeks, some may take longer depending on various factors involved. During this time, before the exchanging of contracts, either party can pull out of the transaction, as at this stage no legal obligations are in place.
Once all the searches have been carried out, providing you and your solicitor are happy, the exchange of contracts can go ahead and a timescale for the completion can be set.
You and your needs
It is recommended that you seek to find a friendly firm offering conveyancing solicitors who will put you at the heart of any work they do. They should seek to complete your sale or purchase of a property in a timely fashion that suits your needs while keeping in mind your desired date to move.