Conveyancing

PROPERTY LAWYERS NEWCASTLE & CONVEYANCING SOLICITORS NEWCASTLE

Property conveyancing is a generally misunderstood area of law. The perception is that it is simply an administrative process and that it is a good idea to instruct the cheapest lawyers to do the job.

Unfortunately, as with many things in life, cheap can end up costing dear. In reality there are 3 aspects to conveyancing, all of which are important :-

  • EFFICIENCY -That the conveyancers are organised and proactive – it is little known that most conveyancing transactions involve around 20 separate processes before exchange of contracts and a lot of correspondence and phonecalls
  • COMMERCIALITY – That the conveyancers are experienced in dealing with lenders – lenders are an important part of the process and the experience and attitude of the conveyance, in dealing with the buyer’s lenders, is important
  • LEGAL KNOWLEDGE & EXPERIENCE - That the conveyancers know the law and check the property tile, any lease, searches and paperwork thoroughly. This is taken for granted, understandably, by a client, but may not happen in reality with a cut price service, or may be done by unqualified or inexperienced staff – do you really want to take that risk ?

Summary of conveyancing

In a nutshell the conveyancing process is designed to :-

  • Confirm that sellers actually owns the property
  • Confirm the identities of the parties
  • What are the legal and financial charges recorded against the property and satisfactory confirmation they will be removed on completion
  • Appropriate non-standard enquiries are raised and dealt with by the sellers
  • There are no risks or adverse records about the property from the searches at the local authority, local water or utilities
  • With leases, that the lease is satisfactory, has not been breached and that  the Freeholder or Management companies work properly and efficiently
  • Monies are correctly calculated, received and dealt with
  • Mortgages or charges are paid off on completion and the buyer’s mortgage paperwork is properly in place
  • The property gets registered at the Land registry and any stamp duty is paid

Please contact us today, for an immediate conveyancing quote in Newcastle.

FAQs about:
Conveyancing

Can either party withdraw from a trasaction before exchange ?

The answer is yes and this means the parties will have wasted costs spent which will not be recovered regardless of fault. If you suspect this could happen or that the buyer/seller are not serious there are steps that can be considered which should be discussed with the conveyancer.

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