A Conveyancer is a lawyer or solicitor who specialises in all of the intricate ins and outs of buying and selling property.
Buying a home can involve a lot of complex legal procedures, some of which are glorified box-ticking exercises while others are essential in protecting your rights and your money. In this respect, your conveyancer is your personal legal expert, helping you navigate waters which can often turn choppy.
What does a conveyancer actually do?
Your conveyancer should be by your side throughout the home buying process. In the early stages, they will collect all the essential information required to get the ball rolling and then maintain momentum, from simple details such as your date of birth and National Insurance number, all the way through to whether or not you’ll be requiring a mortgage. If so, they will need to know who the mortgage provider is and exactly how you’ll be sourcing your initial deposit.
Next, the conveyancer will handle all of the disbursements which are required for your purchase to proceed. You may be expected to pay additional fees for these disbursements as they often require your conveyancer to buy information from other organisations.
Reading the small print
Throughout the buying journey, your conveyancer will work to ensure that all of the paperwork and contracts you sign, such as the contract of sale, are fair and correct.
You should never sign anything until your conveyancer has analysed and O.K’d every single word. If they find any problems in the contracts, your conveyancer will make sure they are resolved in good time.
Navigating The Chain
If you find yourself in a chain, which means your purchase is dependent on a number of other purchases being completed first, your conveyancer will request the memorandum of sale from the seller’s estate agent. This contains the details of everyone in the chain above you and your conveyancer should then start reaching out to them.
The Chain is a major culprit in causing home sales to fall through because people get fed up with waiting. Fall throughs, a.k.a cancelled purchases, are bad for everyone involved, so your conveyancer should be well motivated to get stuck in to help maintain the domino effect of sales required for you to finally move into your new home.
Is a conveyancer essential? And when should I hire one?
At Moving Home Advice, we always recommend hiring a conveyancer and doing so at the earliest opportunity.
Rather than being an extra expense you’re best avoiding, they are an essential ally who will end up saving you far more than they cost: they will spot potential problems ahead of time and protect your interests in any moments of conflict or disagreement. They also help speed up the conveyancing process in a world where time is of the essence.
If you’re wondering how to choose the best conveyancer for you, take a look at our conveniently titled guide, How Do I Choose a Good Conveyancer?
Are you working with a conveyancer at the moment? Or have you done so recently? We’d love to hear about your experience, either good or bad, in the comments section below.
If you have any conveyancing-related questions for our property expert, Russell Quirk, drop it in the comments section below and we’ll get right back to you.