While conveyancing is often seen as being more important to the buyer, this makes it an essential step for the seller too. The property sale can not complete until conveyancing is done properly so expediting as quick and painless a conveyancing process as possible will help to speed up the overall sale time.

Document Gathering

Once you have completed and returned the Letter of Engagement, your conveyancer will acquire the deeds to your property from your existing lender. They will also require copies of forms pertaining to the details of your house and the fixtures, fittings, and content that are to be included in the sale.

Detail Checking

The conveyancer will then check the details, complete the relevant forms and forward this package to the buyer’s solicitor. If there are any questions regarding the forms then the conveyancer will answer these using information they have gathered and you have provided.

Financial Details

You should provide specific details of any secured loans and your solicitor will receive a statement from your lender that details how much is still outstanding on your mortgage. These figures are used on completion so that all outstanding amounts can be repaid from the proceeds of the sale before you receive what’s left.

Exchanging Contracts And Completing The Sale

Once the buyer’s solicitor has checked and confirmed all of the details in the contract, you will be called in to sign and agree a completion date with al parties. Once contracts have been exchanged, you and the buyer have entered into a legal agreement regarding the exchange of the property. On completion, your solicitor deals with the financial aspects of loans and mortgages, and then forwards the appropriate documents to the buyer’s lender.

In many respects, a conveyancer provides the backbone to the house buying and selling processes. A good conveyancer can help the process run smoothly while poorly conducted research and administrative duties can make the experience even more difficult. As such, and with more conveyancer choices than ever, it is important that you choose the best service for your circumstances.

Estate Agent’s Advice

Estate agents will often advise you of one or two local services to use, but be aware that they may not necessarily represent the best choice. Often, family solicitors are the more expensive option because they deal in many different types of legal and quasi legal processes. In contrast, a licensed conveyancer deals with nothing but this type of work. They will be accustomed to dealing with the process on a daily basis and can usually offer lower prices for an equally good or better service.

Conveyancing Factories

Conveyancing factories may not have the most romantic of title but they are becoming more common. They are essentially large businesses that deal with hundreds of customers on a monthly basis. They usually employ teams to work on single contracts and may use call centres rather than provide you with access to a single point of contact. Service levels and communication levels usually suffer as a result of these cost saving methods.

Licensed Conveyancers And Your Options

Conveyancers no longer need to be trained solicitors and this doesn’t necessarily detract from the level of service they offer. In fact, licensed conveyancers often offer greater communication and lower prices. As with many services, the lowest price doesn’t necessarily mean the best service and you will need to look on the Internet, ring around, and try to determine the service that fits your needs the best.