Hayzed Magazine
  • Home
  • Auto
  • Business
    • Jobs and Careers
  • Education
  • Entertainment
  • Environment
  • Recipe
  • Health Care
  • Home Improvement
  • Lifestyle
    • Fashion
    • Shopping
  • Sports
  • Technology
  • Tour and Travel
  • Wedding
Home  /  Reviews  /  An Introduction to Residential Conveyancing

An Introduction to Residential Conveyancing

Roger Walker January 22, 2019 Reviews Leave a Comment

Conveyancing is an important aspect of any property purchase. The definition of conveyancing is the process of transferring the ownership of a property from one owner to another. Read on for an introduction to this vital legal process.

Image Credit

There are three steps to any conveyancing procedure: agreeing the sale, the exchange of contracts and the completion of the sale. The whole process takes about two to three months, and you can find out more details from the government advice website. Once the sale has been agreed the conveyancing company will arrange a contract. The seller has to fill in a property information form with details about the property, such as building contents.

Agreeing the Sale

There is a fixtures and fittings form where the seller must list which items will be left behind for the new owner. This can include things such as kitchen appliances, cupboards, carpets and other similar items.

There also needs to be up-to-date title information supplied. The deeds of the property might be held by the current owner or they might be held with the mortgage lender. These details are the ones held by the Land Registry to show where the property is registered.

Finally, the contract of sale organised by the conveyancing company states the address of the property along with its price, plus the details of the buyer and seller. The moving-in date will be agreed, although this can be flexible. Any conveyancing solicitor, such as https://www.samconveyancing.co.uk/, will be able to help determine the right date for the seller.

Image Credit

Exchanging Contracts

The conveyancing company receives the deposit from the buyer, and they will also organize the settlement figure with the mortgage lender. This is the repayment amount when the property is sold. The signed contract is then sent to the buyer’s solicitor, who will return the contract once the buyer has signed it. The seller then receives a transfer deed from the conveyancing solicitors which is handed over on completion so the buyers can register their names on the deeds.

Completion of Sale

On completion, the buyer’s solicitor sends the conveyancing company the balance of the payment for the property. This can pay the mortgage, estate agent fees, conveyancing fees and other costs. The deeds will then be handed over to the buyer’s solicitor to record the new owner’s details.

Previous Article
Next Article

About Author

Roger Walker

The author is an expert on occupational training and a prolific writer who writes extensively on Business, technology, and education. He can be contacted for professional advice on occupation and activity on his blog.

Related Posts

  • How to build up emotional resilience

    How to Build Emotional Resilience After a Layoff

    May 14, 2025
  • How to cheaply fill a large planter

    Blooming on a Budget: The Cheapest Ways to Fill Your Planters Like a Pro

    May 10, 2025
  • Is a power of attorney still valid after death?

    Is a power of attorney still valid after death?

    April 25, 2025

Leave a Reply

Cancel reply

Recent Posts

  • How to build up emotional resilience
    How to Build Emotional Resilience After a Layoff May 14, 2025
  • How to cheaply fill a large planter
    Blooming on a Budget: The Cheapest Ways to Fill Your Planters Like a Pro May 10, 2025
  • What is brand tone of voice vs personality? April 30, 2025
  • Why does my programmable thermostat keep resetting itself
    Smart Thermostat Schedule Keeps Resetting: Comprehensive Guide to Fixes and Insights April 27, 2025
  • Is a power of attorney still valid after death? April 25, 2025

Topics

  • Auto
  • Business and Management
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Food and Drink
  • Health and Fitness
  • Home Improvement
  • Jobs and Careers
  • Lifestyle
  • Reviews
  • Shopping
  • Sports
  • Technology Reviews
  • Tour and Travel
  • Wedding

Popular Posts

  • How to build up emotional resilience
    How to Build Emotional Resilience After a Layoff May 14, 2025
  • Tooth and Mouth Injuries
    5 Ways to Prevent Common Tooth and Mouth Injuries October 25, 2017
  • 5 Ways to Prevent Getting Locked Out of Your Car October 25, 2017
  • 5 Ways to Save Money on Annual Car Maintenance October 25, 2017
  • 5 Weatherstripping Tips to Keep You Warm and Save You Money October 25, 2017

Archives

Random Posts

  • Don’t jump off the Roof, Dad April 6, 2020
  • What Size Skateboard for a Man
    What Size Skateboard for a Man October 9, 2023
  • An overview of the tenant check-out process March 28, 2020
  • A beautiful log cabin Christmas December 14, 2018
  • Hair Removal Mistakes | 7 errors concerning hair removal
    Hair Removal Mistakes | 7 errors concerning hair removal December 15, 2017
Theme by ThemesPie | Proudly Powered by WordPress