Conveyancing in Cheltenham involves preparation of legal documents for the transfer of property from seller to the buyer and vice-versa. In most cases, a lawyer or a licensed conveyancer is hired to handle all the necessary paperwork and other formalities involved.
The lawyers in Clayton who are involved in the conveyancing process need to handle various legal aspects of the process that are very intricate and complex. The professionals can handle all the issues, take off a large amount of stress, and hassle generally the owner or buyer has.
The actual process of conveyancing starts when on offer has been made and both the parties have deemed it acceptable. The lawyer draws up a draft contract during which the ownership of the property is deduced and other details of the property are verified. All relevant enquiries are raised and both parties take care and time to solve all of them before signing and exchanging of documents.
The lawyers of the buyer’s side would send their client a questionnaire that provides them with basic information about the property, existing mortgage, bank account details and other personal information that could be required during the process.
The seller property information would include home, boundaries, neighbourly disputes or complaints, extensions of property and few other details on the conveyancing process.
The documents are signed only when both parties are satisfied with contracts. The conveyancing professionals after consulting with their counterparts agree upon a completion date. The date can be on the same day of exchange or after several months.
Once the contracts are exchanged, both the parties are bound to meet their client deadline, especially the completion date.
The final stage of the conveyancing process when:
- Stamp duty is paid to the Inland Revenue
- Registration of transfer of property at Land Registry
- Handing over of keys
