After an offer is accepted on a property, the conveyancing process must occur to complete the legal transference of the property title. This process involves various conveyancing checks and disbursement payments to satisfy the legal regulations and buyers’ and sellers’ personal terms.
Whilst moving house is often a busy and stressful time, the conveyancing process doesn’t need to be. By working alongside an experienced professional at Martyn Prowel Gartsides Solicitors, you can be sure that you’re property transaction is in good hands.
Our efficient residential conveyancing is available to buyers and sellers in Abergavenny and the surrounding area. If you are interested in affordable and hassle-free conveyancing, contact us today.
Buying and selling property in Abergavenny
Moving into a new home is an incredibly exciting time. Plenty of changes will occur alongside an oppurtunity to settle into your brand new home after a relaxing conveyancing experience.
At Martyn Prowel Gartsides Solicitors, we are prompt and persistent in completing the conveyancing process. From the first instruction, we intend to make a swift start on your property exchange. This will involve conducting the necessary conveyancing checks, local authority searches and surveys. The exchange contract will be drawn up and negotiated in your favour to ensure that the terms of the property sale align with your best interests. Finally, your solicitor will take care of the transferrance of funds and payment of land transaction tax to proide the oppurtunity to move into your new home on completion day without hassle.
How to avoid some of the common issues that occur during the conveyancing process
The conveyancing process is notoriously complicated with issues occurring at various stages of the exchange. One of the most important ways to avoid these issues from interrupting your transaction is by working with a professional solicitor such as the experts at Martyn Prowel Gartsides solicitors.
Beyond working with a dedicated solicitor who will persist through the conveyancing process, there are also actions that the client can take to minimise complications within their exchange. They include the following:
- Have your paperwork in order
To assist your solicitor in progressing with conveyancing efficiently, providing access to the necessary documentation as soon as possible will help them to continue with other tasks.
You’ll need to complete a property information form when selling a property. This informs buyers of any disputes or persistent issues within the property. It will also be helpful to provide FENSA forms so that your solicitor doesn’t need to locate these later in the process.
- Arrange your mortgage as soon as possible
Many buyers aren’t aware of just how important it is to secure the funds for your property purchase as soon as possible. Whilst the conveyancing process takes around three months to complete, the mortgage application process takes several weeks.
If your mortgage is not approved by the completion date, endless delays could result in the transaction failing.
- Avoid gazumping
On average, the conveyancing process will take between eight and twelve weeks. Unless the property is completely taken off the market, interested parties can continue to propose offers during this time.
Your conveyancer will work as swiftly as possible to ensure the exchange contracts are signed and the sale becomes legally binding. Unfortunately, this doesn’t prevent alternative offers from being made when it takes for the contract to be written and checks to be completed.
Instead, after placing their offer on the property, buyers should contact the estate agent to request that the property is removed from the market. This will prevent alternative offers from being submitted, reducing your chances of being gazumped.