Conveyancing in the UK refers to the legal process of transferring ownership of a property from one person to another. The process is typically carried out by a conveyancer, either a solicitor or a licensed conveyancer, who will handle the transfer of ownership on behalf of the buyer and the seller.
At Hello Mortgage we work closely with a small panel of Conveyancers and are happy to recommend you to one. Your Mortgage Adviser will discuss this with you at the early stages.
The conveyancing process in the UK typically involves the following steps for a mortgage:
- Instructing a conveyancer: You will need to instruct a conveyancer to handle the transfer of ownership for you, or use our panel firm
- Reviewing and signing the contract: Your conveyancer will review the contract of sale and provide you with advice on any legal issues that may arise. You will then need to sign the contract
- Conducting local authority and other searches: Your conveyancer will carry out a range of searches to check that there are no planning or building regulations issues with the property, and to check that the seller has the right to sell it.
- Arranging a mortgage: If you are taking out a mortgage to buy the property, your conveyancer will communicate with the lender and your Mortgage Adviser to arrange the mortgage and exchange of contracts.
- Completing the transfer of ownership: On completion day, your conveyancer will transfer the funds for the purchase price to the seller’s conveyancer, and the property ownership will be transferred to you.
The conveyancing process can take several weeks to complete, and it is important to have a knowledgeable and experienced conveyancer to guide you through the process. Conveyancing fees can vary, but we have negotiated preferential rates with our panel conveyancers.