The conveyancing process refers to the legal process of transferring ownership of property from one person or entity to another. It typically involves several steps and legal requirements to ensure a smooth and legally valid transfer. Here is a general overview of the conveyancing process:

1. Instruction and Preliminary Checks:

• The process begins when the buyer instructs a solicitor to handle the conveyancing process on their behalf.
• The solicitor conducts initial checks, such as verifying the seller’s ownership of the property, reviewing the title deeds, and investigating any legal issues or restrictions that may affect the property.

2. Drafting and Reviewing Contracts:

• The seller’s solicitor prepares the contract for sale, which includes details of the property, price, and any conditions of the sale.
• The buyer’s solicitor reviews the contract, raises any necessary inquiries or concerns, and negotiates any amendments or additional conditions.

3. Searches and Investigations:

• The buyer’s solicitor carries out various searches and investigations to gather information about the property. This may include searches for planning permission, environmental issues, land registry checks, and more.
• The results of these searches and investigations are reviewed, and any issues or concerns are addressed.

4. Mortgage and Financing:

• If the buyer is obtaining a mortgage, their solicitor works with the mortgage lender to finalize the loan agreement, including ensuring the property meets the lender’s requirements.
• The solicitor ensures that the necessary funds are in place for the completion of the purchase.

5. Exchange of Contracts:

• Once all inquiries, searches, and negotiations are completed, both parties sign the contract, and the buyer pays a deposit to the seller’s solicitor.
• At this stage, the sale becomes legally binding, and both parties are committed to completing the transaction.

6. Pre-Completion Matters:

• The buyer’s solicitor prepares the final financial statement, including all costs and adjustments, and requests the remaining funds from the buyer.
• The seller’s solicitor arranges for the discharge of any outstanding mortgages or loans on the property.

7. Completion and Post-Completion:

• On the agreed completion date, the buyer’s solicitor transfers the remaining funds to the seller’s solicitor.
• The seller’s solicitor confirms receipt of the funds, and both parties’ solicitors complete the necessary legal documentation to transfer ownership officially.
• The buyer’s solicitor registers the new ownership with the Land Registry or Registry of Deeds, and provides the buyer with the keys to the property.

It’s important to note that the conveyancing process can vary depending on the specific circumstances, such as the type of property and any unique legal considerations. Engaging a solicitor experienced in conveyancing is essential to ensure compliance with legal requirements and a smooth transfer of property ownership.