Conveyancing Process
Conveyancing Process is the legal and administrative steps required to be taken in order to transfer the legal ownership of a property.
Conveyancing Process also includes dealings with the title of a property such as the grant of new rights or easements, placing of restrictions or securing of financial charges (such as mortgages) against the legal title of a property.
The Conveyancing Process in the UK is normally carried out by Conveyancing Solicitors or Licensed Conveyancers acting on behalf of private individuals, business and companies and financial institutions such as mortgage providers, banks and buildings societies.
The Conveyancing Process - Legal and Administrative Tasks
The Conveyancing Process consists of legal and administrative checks and tasks. The Conveyancing Solicitors or Conveyancers will deal with both the legal and administrative tasks during the course of the conveyancing transaction.
Conveyancing Process Legal Requirements include:
- Checking or deducing title
- Carrying out and interpretation of conveyancing searches
- Drafting, approving and preparation of legal documents including Contracts, Conveyances, Transfers, Leases
- Ensuring compliance with current legislation
- Giving correct and timely legal advice
- Providing legal remedies to defects in title
- Ensuring title to property complies with mortgage lenders instruction and Council for Mortgage Lenders Handbook rules
Conveyancing Process - Administrative tasks include:
- Preparation of client care information
- Checking and confirmation of Identity
- Drafting financial statements
- Receiving and sending of funds
- Payment of third party costs
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The Conveyancing Process by Conveyancing Transaction Type
The conveyancing process varies significantly by matter type. Conveyancing solicitors and conveyancers tasks are dependent on the conveyancing transactions and whether it is a sale, purchase, remortgage of transfer of equity, however, some elements of the conveyancing process are common to all conveyancing transaction types including preparation of client care information and checking and confirmation of identity.
For further details of the conveyancing process for your particular conveyancing transaction choose from the following links:
- Conveyancing Process - Property Sale
- Conveyancing Process - Property Purchase
- Conveyancing Process - Sale and Purchase
- Conveyancing Process - Remortgage
- Conveyancing Process - Transfer of Equity
Conveyancing Guides including Conveyancing Process
Our Conveyancing Guides have been produced to by our conveyancing solicitors and conveyancers to provide an overview of the conveyancing process by transaction type. Choose a link below to view more conveyancing process information: