The term conveyancing basically refers to the legal work regarding transferring the ownership of your property from you to your chosen buyer. Their solicitor/ legal conveyancer will do the following:
- Check the title deeds of the property to ensure it really belongs to the you;
- Establishing the property’s legal boundaries;
- Put together a list of fixtures, fittings and contents to establish what is to be included in the sale;
- Prepare an enquiry form for the you to fill in concerning material or structural defects you may be are aware of;
- Survey local authority plans for details on upcoming developments that could influence the property’s value;
- Negotiate with you to change the offer if substantial repairs are needed;
- Edit the draft contract for sale prepared by the vendor’s solicitor.
Exchange of contracts:
- Arrange the date for the completion and the exchange of contracts;
- Hand over the deposit;
- Sign the mortgage deed;
- Perform final searches.
- Hand over the keys and title deeds;
- Pay stamp fees;
- Record the transfer at HM Land Registry for certification.
Your representative should liaise with the buyers representative to ensure that all of this happens on a timely basis.