Both the buyer and seller of a property require the services of a conveyancer and while this was once conducted specifically by a conveyancing solicitor, this no longer needs to be the case with conveyancing specialists and conveyancing firms also able to offer this same service. Conveyancers not only need to conduct their work accurately but also quickly while ensuring that all relevant parties are kept informed of progress.

During the early stages of the process, the buyer’s conveyancer will collect various legal and title documents from the seller’s own solicitor. They will also arrange for local searches with the land registry and local council while dealing with mortgage conditions on behalf of the buyer. If any problems are unearthed during searches they will also deal with these and answer any questions received from the seller’s solicitor.

Having collected the deposit for the sale of the property, the buyer’s conveyancer will forward this deposit in order to begin the exchange of contracts. Transfer deeds and a mortgage deed are prepared awaiting signature from the buyer and are forwarded to the seller’s solicitor once they are completed and signed.

The final role of the buyer’s conveyancer is to arrange the payment of stamp duty, register the new ownership of the property with the Land Registry, and finally forward deeds to the mortgage lender where necessary. The process is largely an administrative one, but is is absolutely critical that everything goes exactly as expected and is completed on time and accurately.

This entry was posted on Friday, October 24th, 2008 at 11:28 am and is filed under Conveyancing News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.