Conveyancing

Conveyancing is the term describing the legal transfer of ownership of freehold or leasehold properties. It is a complicated process which can be (and has been) completed in an afternoon but it can also take several months and a period of up to 12 weeks between making an offer for a property and moving in is not uncommon.

Leases are more complicated than the sale and purchase of a freehold property. As a buyer, you should be sure whether the property you are purchasing is leasehold or freehold. If a lease is involved, you should pay attention to the conditions, restrictions and financial responsibilities imposed by it.

The process of conveyancing involves:

1. Investigation
2. Assessment of Draft Contracts
3. Exchange of Contracts
4. Completion
5. After Completion

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See also: Financial Services, Mortgages