The term “conveyancing” is used to describe the process by which the ownership of property is transferred from one person to another. The buying and selling of a home is sometimes the only experience a person will have in dealing with a Solicitor. It is often the largest financial transaction people will make during their life and it is important that you have trust and faith in your Solicitor advising you on such a transaction. Our experience in the buying, selling and mortgaging of private residential homes, commercial property and advising generally on property transactions is extensive and we are pleased to offer this experience to our clients.
Whilst no two conveyancing transactions are the same there are a series of steps to be taken which are common to all transactions.
From a buyers perspective the role of your solicitor is to ensure the contract is fair, the title to the property is in order, the purchase deed is drafted correctly, your loan cheque is furnished from the lender, that the correct title documents are furnished on closing, proper searches are carried out, stamp duty is paid, your title registered and that the deeds are sent to your lender.
From a sellers perspective the role of your solicitor is to draft the contract for sale and furnish same together with a copy of all relevant title documents to the purchasers solicitor, approve the deed as drafted by the purchasers solicitor, furnish satisfactory replies to Requisitions on Title and draft all relevant completion documents.
There are of course certain issues that arise time and time again which cause delays in conveyancing transactions, example of these issues can be viewed here.