Four Frequently Asked Conveyancing Questions Answered

When purchasing or buying a property, often there are unexpected complexities and confusing terms that you may come across. In this guide, we’ll answer four questions about one of the most important parts of a property sale, commonly known as conveyancing.

How long does conveyancing take?

Generally, property conveyancing takes between 8 and 12 weeks for a straightforward process. This includes both the original offer and the completion. Unfortunately, many conveyancing cases are not simple, extending the overall time for a project to be completed. Complex cases or those with unexpected issues can often last multiple months, so this may be important for you to consider when purchasing a house or selling your home. 

Some things that may affect the length of your conveyancing timeline are:

• The time of year

• Whether there is a property chain

• Any mortgage delays

• Unpleasant results from a property search

• Complex cases

Which documents are required?

The documentation you will need to provide during the conveyancing process will largely depend on whether you are buying or selling a property. Your trusted conveyancing solicitors should be able to help you with this process if you feel unsure, providing advice about which documents will be required for a smooth and lawful transaction. 

If you are buying a home, you will likely need to provide proof of funds, any applicable mortgage documents, property searches, and proof of building insurance. On the other hand, if you are selling your home, you will provide title deeds, property information forms, energy performance certificates (EPCs), a mortgage redemption statement, certificates and warranties, and planning permission and guarantees. Both parties will be required to provide proof of their identities, as well as the final signed contracts and the transfer deed.

What does gazumping mean?

Unfortunately, before the contracts are exchanged, a lot can go wrong during the process of conveyancing. One of the major concerns for many people is gazumping. This phrase refers to a situation where a seller accepts an offer from a buyer, and, before the contracts are exchanged, suddenly accepts an offer from another buyer who is possibly offering a larger amount. The original buyer in this situation will likely be left disappointed and out of pocket. 

What happens if there are problems with the conveyancing process?

As a legal process, conveyancing can often be complicated and many issues will be encountered. From issues found in the ordered searches to problems with the mortgage, thankfully solicitors can often help you handle these issues. For example, professional conveyancing solicitors will be able to raise enquiries, negotiate solutions and offer expert advice.

Our Conveyancing Services at PJE Solicitors

Our team of professional conveyancing solicitors at PJE Solicitors is here to help you make your next move. As your local solicitors in Cardiff and Pontypridd, we’ll work with you to make sure you feel fully informed and supported each step of the way.

To learn more about us and how we can help you move into your next home, please visit our website. Here, you will find more helpful information about conveyancing, as well as more informative blog posts to peruse. For our advice or to arrange an appointment with our team, please contact us directly now.