Residential Property Conveyancing

Trust our expert residential property conveyancing solicitors for efficient and professional conveyancing.

Buying or selling a home is an exciting milestone, but it can also be a complex process, whether you’re a first-time buyer or an experienced property owner. At Triangle Legal Services, we are dedicated to making your residential property transaction as smooth and straightforward as possible. As consultants collaborating with Taylor Rose MW solicitors, our team of conveyancing experts are specialists in residential property law.

We understand that clear communication is important for fast progress, which is why we prioritise keeping you informed every step of the way. From the initial consultation to the final closing, we provide regular updates and guidance, ensuring you feel confident and in control throughout the journey.

What is commercial conveyancing?

Conveyancing is the legal transfer of property from one owner to another. When you buy or sell residential real estate, you’ll go through this process to make sure everything is legally in order. This involves preparing contracts, conducting searches, and transferring funds. It might seem complex, but our team of expert residential property solicitors will guide you every step of the way.

Why do I need conveyancing?

Conveyancing is an essential part of buying or selling a property. Without it, you might face legal issues or financial losses. By working with a skilled residential property lawyer, you can be sure that you are legally protected throughout the process. Our team will make sure all the paperwork is correct, and the transfer of funds is done safely and securely.

Contact our residential conveyancing team today to see how our expert property solicitors can support you with your residential conveyancing needs.

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Why do I need conveyancing?

Selecting the right residential property and conveyancing solicitor is essential to a smooth property transaction. Choose a firm with a proven track record and glowing reviews from clients. While conveyancing can be costly, at Triangle Legal Services, we offer clear pricing and outstanding services that provide great value without breaking the bank.

The Residential Property Conveyancing Process

Once you’ve chosen your solicitor, the conveyancing process begins. Here are the typical steps involved:

Onboarding – At this stage, your solicitor will verify your identity. This is important due to the rise in online fraud and identity theft. Having a solicitor who follows proper identification procedures is essential.
Drafting Contracts – The seller’s solicitor will draft a contract outlining the terms of the sale and prepare the necessary documents.
Searches – The buyer’s solicitor will conduct searches so there are no outstanding debts or legal issues with the property.
Survey – You may choose to have a survey done to check for any structural issues with the property.
Pre-Exchange – This is often the most time-consuming part, involving gathering information and addressing any concerns from the buyer or seller. It also includes coordination between solicitors, managing agents (if leases are involved), estate agents, mortgage brokers or lenders, and buyers and sellers.
Stamp Duty Payment: As part of your residential property service, your conveyancer will calculate and pay the stamp duty land tax on your behalf.
Funds Transfer – Your solicitor will secure the funds and assure they are ready for sale or purchase.
Exchange of Contracts – At this stage, the buyer and seller make a legal contract. The buyer’s solicitor will prepare a report for the client and lender about the title to the property and any other issues. The buyer pays a deposit to the seller, making them legally bound to buy the property.
Completion – This is the final stage, where the buyer and seller prepare to move. Between exchange and completion, you should inform utility providers, arrange telephone lines, hire movers, and handle other practical matters. Your solicitors will arrange for funds to be transferred.

Our team of dedicated residential conveyancing solicitors will guide you through each step, guaranteeing everything is legal and in order for your peace of mind.

Buying And Selling Your Home FAQs

Why choose Triangle Legal Services?

When you choose us to handle your residential property sale or purchase, you can trust that everything will proceed quickly and cost-effectively. We are committed to providing exceptional customer service, and our reputation for efficiently managing complex property matters is well-known throughout Central and Greater London.

How long does the conveyancing process usually take?

The conveyancing process usually takes around 8-12 weeks but can vary based on factors like property type, chain length, and local processes.

What searches are typically conducted during conveyancing, and why are they important?

Searches, such as local authority, environmental, and drainage searches, are conducted to uncover any issues that might affect the property or its value.

Do I have to pay for property searches?

There is no legal requirement to pay for property searches. However, it is exceptionally risky to avoid getting them done. At a minimum, you should invest in a:

Water and drainage search
Local authority search
Environmental search

Depending on where the property is located, it may also be wise to have searches related to mining and flood risks carried out. If you are buying with a mortgage, your lender will usually require searches.

Investing in getting the necessary property searches done can save you thousands of pounds should something occur that affects your property in the future, which could have been picked up before you committed to the purchase.

When am I legally obligated to complete the property sale or purchase?

Either party can withdraw from the residential property transaction up until the exchange of contracts. Once contracts are exchanged, compensation will be owed to the other side if you cannot complete the sale and purchase process.

How can I be sure my funds are safe during the conveyancing process?

We take conveyancing fraud very seriously, especially since some transactions involve large sums of money. We follow all recommended guidelines to prevent conveyancing fraud. Additionally, we hold a Conveyancing Quality Accreditation from the Law Society of England and Wales, which requires us to have processes and procedures in place to ensure your funds are fully protected.

What are the typical costs associated with conveyancing, including legal fees and disbursements?

Conveyancing costs include legal fees for the solicitor or conveyancer and disbursements such as searches, land registry fees, and taxes.

Are there any potential legal issues that can arise during conveyancing, and how are they usually addressed?

Legal issues can include boundary disputes, title discrepancies, or planning permission concerns. Our specialists in residential property work to resolve these issues before completion.

What if the property is under leasehold?

If the property is under leasehold, there are additional considerations compared to a freehold purchase. Leasehold properties involve owning the property for the length of the lease agreement with the landlord (freeholder).Our residential property law solicitors will review the lease agreement, advise on any implications, and ensure you are fully informed before proceeding.