Property conveyancing is a crucial aspect of home buying, ensuring a smooth and legally compliant transfer of ownership from the seller to the buyer. To shed light on the essential considerations during a property conveyancing transaction, Tina Khanna, Conveyancing Director, with Uba Ngenegbo, Conveyancing Manager, provide valuable insights on the importance of various steps and answer common questions related to property conveyancing in Property & Home with Martin Roberts, Summer Issue 2023
on page 54.
Property Conveyancing Questions Answered
· Why do I need a conveyancing solicitor or lawyer?
· Is it OK to proceed with the transaction without searches?
· What could happen without searches?
· Can I bypass the need for a survey?
· What could happen without the survey?
· Why do enquiries need to be raised?
· What could happen if inquiries are not raised?
· What is the extra layer of investigation required in a leasehold purchase?
· What could happen if this information is not reviewed?
· Is there a conflict of interest if my solicitor or lawyer is acting for my lender and me?
· What if I wish to purchase through a company?
· What are the laws and regulations regarding my source of funds?
· What if I wish to buy with someone?
· What could happen without clear provisions?
The question most people ask when purchasing a property for the first time is…
What is conveyancing?
Conveyancing is the legal transfer of property from one owner to another. The conveyancing process starts when the seller accepts a buyer’s offer on a property. The legal process continues until the buyer receives the keys to the property and the title is transferred from the seller to the new owner.
Property conveyancing is a vital process in any home purchase. Seek the assistance of a qualified conveyancing solicitor or lawyer to navigate the process smoothly and avoid potential pitfalls. To delve deeper into these important considerations and learn more about property conveyancing, refer to page 54 in Property & Home with Martin Roberts, Summer Issue 2023.