Buying your own home for the first time can be a highly daunting prospect. The legal side of purchasing property is full of new words and terms that you may not understand and almost everybody knows someone who has a horror story about buying property, involving sellers pulling out at the last minute or other nightmare scenarios.
It is easy to be intimidated by the world of property law and property lawyers, particularly if you have had no dealings with solicitors in the past, but Conveyancing Lawyers are there to do the hard work for you and good online conveyancing services will help to reduce your stress, rather than add to it.
What is conveyancing?
Conveyancing is a word you may not have come across before deciding to buy a home. It simply describes the legal process when property changes hands from one person to another. Residential conveyancing is the type that you’re most likely to be involved in, dealing with the buying, selling and renting of homes and personal properties. Commercial conveyancing deals with sales and leases of business properties.
What do Conveyancing Solicitors do?
Conveyancing Solicitors or Conveyancing Lawyers (same thing) deal with all the paperwork and steps that are required by law for transfer of equity that is transferring the title deeds of a property from one person’s name to another.
When you are buying a property, you need to employ the services of a Conveyancing Solicitor. They will take over from the time you make an offer with the estate agent and instruct you on any documents that need to be signed and organise environmental, water and drainage and Local Authority searches. They also arrange for payment of relevant taxes and work with your mortgage lender to arrange funding of the purchase.