A qualified conveyancer and a conveyancing solicitor carry out the same tasks when they’re appointed to oversee the legal elements of the purchase or sale of your property. Have you ever wondered exactly what they do? Here is a look at some of the key tasks involved in conveyancing and why it’s so important to find the right firm for the job.
Liaising with your mortgage advisor/financial advisor
Once your mortgage has been approved, the actual moving of mortgage funds (both for buying and selling) is carried out by the conveyancer, who will liaise with your mortgage company and your bank. This includes the checking and availability of funds. Your conveyancer will also check your mortgage offer and is responsible for preparing the mortgage deed for your signature.
Liaising with the estate agent
Although it feels like you do a lot of the communication with the agent, your conveyancer will also need to discuss elements of the purchase or sale with them, too. In fact, they will have some conversations that don’t even involve you at times.
Commissioning local searches
Commissioning and analysing the local searches is a major aspect of the conveyancing process. This includes searches with the water board, local authority, environmental agency and even flood risk searches. Your mortgage is dependent on the results of these searches, and anything that raises a flag may mean the lender will retract its offer. An experienced conveyancer such as those at https://www.samconveyancing.co.uk/login will carry out these kinds of searches all the time and are therefore best placed to do the job.
Query building survey
Your conveyancer will see the building survey, property details and the deeds to the property. They may need to query certain aspects with the seller that might need to be answered before the process can move forward.
A house sale creates a lot of paperwork, especially the main sale contract. Your conveyancer will prepare this paperwork for you.
These are the main tasks involved in the process, but conveyancers end up doing even more than this in many instances. The work they do is substantial, and although some housebuyers think they can save money by doing it themselves, the work involved requires knowledge, skill and access to certain resources, which means it always makes sense to appoint a professional.