What is Conveyancing?
Conveyancing is the legal process of transferring ownership of a property from a seller to a buyer. It is the term used to refer to the process of moving house and buying a property.
As well as progressing with the legal aspects of the conveyancing process, we will work with your estate agent and mortgage lender to ensure that your house move goes as smoothly as possible.
The conveyancing process begins when your offer to purchase a house is accepted and ends once the title deeds from the Land Registry have been updated to reflect the change in ownership.
The conveyancing process can be broken down into three stages. These are as follows:
1) The pre-contract stage:
- The draft contract is received from your seller’s solicitors and the terms of this are negotiated
- If you are purchasing with a mortgage, your mortgage offer is received
- Searches are submitted
- Enquiries are made with your seller’s solicitors
2) Exchange of contracts:
- The contract, transfer deed and mortgage deed are signed
- You hand over a deposit
- Final pre-completion accounts are prepared
3) The post-completion stage:
- You pick up the keys to your new property
- You receive the Land Registry title deeds showing the change in ownership
- Any stamp duty is paid
If you would like Ringrose Law to act on your behalf in your sale or purchase, please contact a member of the Conveyancing team at Ringrose Law at one of our offices in Lincoln, Boston, Grantham, Sleaford, Spalding and Newark.