Larcomes is proud to support this year’s National Conveyancing Week (NCW), which runs from Monday 11 March to Friday 15 March 2024.

The now-annual event aims to raise the profile of conveyancers in the home-moving process, a role that is frequently misunderstood, undervalued, and underappreciated.

Conveyancing is the legal process of transferring property from one person to another and involves various stages.

Many people do not fully understand the crucial role a conveyancer plays in a property sale, or purchase, and NCW hopes to combat this by running a series of events designed to:

  • Inform.
  • Educate.
  • Assist.
  • Motivate.
  • Reassure.
  • Help recruit new entrants.
  • Improve the profile of conveyancers and conveyancing and ensure fees can be set at, and kept at, an acceptable level.

For more information about National Conveyancing Week, click here.

Larcomes is proud to support the initiative, and to mark the event, our specialist licensed conveyancers give an overview of the main stages involved in the conveyancing process.

Step one: Instruct an experienced conveyancer.

If you are a buyer, once you have found your ideal property and had an offer accepted, you need to instruct a conveyancer. Your conveyancer will handle the legal aspects of the property sale, or purchase, and act as a key point of contact throughout, ensuring every stage of the transaction runs smoothly.

Perhaps more than any other area of law, conveyancing needs regular contact between the client, their legal representative and the estate agent to minimise delays and ease your stress.

A good conveyancer will inform you of the progress of your house purchase and liaise with the other parties involved, making sure everything is in place for a successful completion.

If you are looking for an experienced and reliable conveyancer to help with your property sale, or purchase, please get in touch with our team. Call us on 023 9244 8100 (Portsmouth) or 023 9224 6666 (Waterlooville) or click here to make an online enquiry.

Step two: Preparation of contract.

After a sale price has been agreed, the seller’s solicitor or conveyancer will prepare the contract of sale.

The seller’s solicitor will send the buyer’s conveyancer the contract pack, the Property Information Form (TA6), and the Fittings and Contents Form (TA10).

These contain important information about the property, a list of items that will be included in the sale of the property, such as white goods, curtains, and carpets, and any special conditions relevant to the sale.

The contract pack will also contain the title deeds indicating the type of ownership, and a copy of the lease if the property is leasehold.

If you are buying a property, at this stage you will also need to arrange for a survey to be conducted. Although not a legal requirement of conveyancing, a survey will highlight any major faults with the property and recommend if additional investigation needs to be undertaken.

Step three: Pre-contract searches and enquiries.

Before the contract is signed, the buyer’s conveyancer conducts various searches on the property to find out more information and highlight any issues, either at the time of purchase or that have the potential to become an issue at a later date.

Your conveyancer’s searches depend on various factors, including the location of the property and whether you have any particular concerns that require further investigation.

However, there are three main types of searches that a conveyancer will undertake:

  1. Local Authority search. A local authority search discloses any issues that might affect the property directly and can forewarn any legal restrictions a property may have imposed on it, such as if the property is a listed building or is in a conservation or tree preservation area.
  2. Environmental search. An environmental search surveys land records to reveal any potential land contamination related to past use. It gives you information about the risk of flooding, subsidence, and landslips.
  3. Water and Drainage search. This confirms that the property is connected to a mains water supply and will disclose whether there is a public sewer within the property’s boundaries.

Step four: Exchange of contracts.

Once any issues have been resolved, and both parties are satisfied with the terms of the property purchase or sale, the buyer and seller exchange signed copies of the contract.

At this point, a deposit (usually ten per cent) is paid by the buyer, and the transaction becomes legally binding.

Step five: Completion.

Completion is the stage of the conveyancing process when a property officially changes ownership.

On completion day, your solicitor arranges the transfer of the balance of the sale price to the seller and obtains the signed transfer deeds and other documents relating to the transfer of title.

Step six: Post-completion.

After completion, the buyer’s conveyancer will register the change of ownership with HM Land Registry, pay any stamp duty to HM Revenue & Customs, and take care of any other post-completion matters.

Once all these have been resolved, the conveyancing process is complete.

Residential Conveyancing Solicitors Portsmouth

At Larcomes, our residential property conveyancing team has extensive experience helping buyers and sellers with their property purchase and sale and will ensure your transaction is carried out as smoothly and cost-effectively as possible.

We make sure the necessary legal steps are taken to buy or sell your property and that the matter is completed quickly and efficiently whilst ensuring you are kept up to date through the legal process.

We recognise that buying or selling your property can be a stressful experience and our goal is to remove the stress by providing a friendly and quality responsive service.

Our conveyancing department is accredited by the Law Society’s Conveyancing Quality Scheme (CQS). This is a quality standard for residential conveyancing practices which recognises the highest practice management standards and is a mark of excellence for the home-buying process.

If you are looking for a reliable and professional conveyancer to assist with your move, give Larcomes a call today. You can reach us on 023 9244 8100 (Portsmouth) or 023 9224 6666 (Waterlooville).

To find out more about our specialist conveyancing law team, please click here.

Please note that this article is not intended as legal or professional advice. It is for general guidance only, and updates to the law may have changed since it was published.