Guide to Conveyancing

Buying or selling a property can be a complicated and overwhelming journey, especially when navigating the legal side of things.

In this guide, we'll walk you through the conveyancing process, answering common questions for both buyers and sellers, so you know exactly what to expect.

Our partnership with Taylor Rose

We know you want the legal process to be a really positive experience – that’s why we partner with Taylor Rose, expert conveyancing solicitors who are dedicated to making your property transaction as smooth as possible. Their super friendly and experienced team can help ensure your move progresses without unnecessary delays. With a dedicated solicitor offering a personal service, technology designed to help speed up the process, and regular updates, you will always be informed and in control.

What is being ‘legally prepared’ for conveyancing?

Being "legally prepared" means getting you in the best position by carrying out all the legal work earlier in the moving process in order to save time once you find a buyer or property to purchase, helping to avoid delays and reduce stress later in the process. Taylor Rose offers a legally prepared service to help you get everything in order.

For Sellers

What is conveyancing?

For sellers, conveyancing involves transferring ownership of your property to the buyer. Your conveyancer will prepare the necessary legal documents, answer questions from the buyer’s solicitor, and handle the financial settlement.

How long does the conveyancing process take?

For sellers, the timeline typically matches the buyers. The average time to exchange is 8-12 weeks. However, factors like how quickly you respond to requests for documents, the length of chains, speed of opposing solicitors and any issues that arise from the buyer’s side (such as mortgage delays or survey results), can affect this.

Steps to being legally prepared

1. Completing your protocol documents: You'll need to complete key forms related to your property, and Taylor Rose is on hand to help with these where needed. These include:

• Property information form (TA6): This provides important details about the property, such as boundaries, any disputes, and planned developments.
• Leasehold information form (TA7): If the property is leasehold, this form covers the terms of your lease and other essential information.
• Fixtures and fittings form (TA10): This lists which items, such as appliances or fixtures, will be included in the sale.
• Contract of sale: The legal contract for the transaction, drawn up by your solicitor.
• Property certificates and guarantees: Any relevant certificates or guarantees, for example, for electrical work or extensions, will need to be provided.

2. Completing ID and anti-money laundering (AML) checks: It's important to gather your identification documents and complete AML checks early on, as these can take time.

3. Lender information: If you have a mortgage on the property, your lender’s details will be required.

4. Property changes: Details of any changes you’ve made to the property during your ownership, such as renovations or extensions.

5. Opening your legal file: Putting money on account with your solicitor allows them to open your legal file and start work on your sale straight away, helping to avoid delays.

Benefits of being legally prepared

• Speed up your transaction: Getting all the paperwork in order early means that, once a buyer is found, the legal work can begin immediately, avoiding unnecessary delays.
• Demonstrate commitment: Being legally prepared shows both your estate agent and potential buyers that you’re serious about the sale.
• Reduce the risk of the sale falling through: Preparing in advance means any potential legal issues are identified and dealt with early, reducing the chances of your sale collapsing.

By being legally prepared, you’ll be in a strong position to proceed quickly once an offer is accepted, giving you a smoother, more streamlined conveyancing process.

What are the steps involved in the conveyancing process for sellers?

1. Instructing a conveyancer: As soon as you decide to sell, instruct a conveyancer. This can help you avoid delays later on.

2. Pre-contract stage: Your conveyancer will draft the sale contract and gather key information about the property. They’ll answer any questions from the buyer’s solicitor and negotiate terms if needed.

3. Exchange of contracts: Once all terms are agreed, both parties sign the contract. At this point, the sale becomes legally binding.

4. Completion: On completion day, you’ll hand over the keys, and the buyer’s funds will be transferred into your account.

5. Post-completion: After completion, your conveyancer will ensure all fees are settled, and they’ll manage any final legal details.

For Buyers

What is conveyancing?

Conveyancing is the legal process of transferring property ownership from the seller to you, the buyer. It involves checks on the property, drafting contracts, and handling payments. Whether it’s your first home or you're a seasoned buyer, understanding these steps can help you feel more confident in the process.

How long does the conveyancing process take?

The typical conveyancing timeline for buyers is around 8-12 weeks. Factors like mortgage approvals, property searches, and any issues found with the title or property itself can delay things. If you're buying a property in a chain, it could take longer.

What documents do I need as a buyer?

To make the process smoother, have the following documents ready:

• Proof of identity (passport, driver’s license)
• Proof of funds (bank statements or mortgage offer)
• Mortgage details (if applicable)

Once you’ve instructed your conveyancer, they will advise if any other documents are needed, such as evidence of the deposit or details on your lender.

What are the steps involved in the conveyancing process for buyers?

1. Instructing a conveyancer: Once you’ve chosen a property, select your conveyancer. They will handle all legal work on your behalf.

2. Pre-contract stage: Your conveyancer will conduct searches (e.g. local authority and environmental searches) and review the legal documents from the seller’s side.

3. Exchange of contracts: Once both parties are satisfied, you’ll sign the contract and pay a deposit. At this point, you’re legally committed.

4. Completion: On completion day, funds are transferred, and you receive the keys to your new home.

5. Post-completion: Your conveyancer registers the property with the Land Registry and settles any outstanding fees.

Conveyancing made easy

Whether you're buying or selling, conveyancing is a crucial part of the process that ensures everything goes according to plan. While it may seem daunting at first, having a reliable and professional conveyancer, like our partners at Taylor Rose, on your side makes all the difference. If you have any questions or would like to get started, reach out and contact your local branch. We’re here to help.