The process of conveyancing involves the handing over of legal ownership from one party to the other. If performed personally, it can prove to be very cumbersome as you would be unaware of the legal procedures and the complexities that would be involved in it. So it is often best to use the knowledgeable advice of a professional conveyancer or a solicitor instead of undertaking the task by yourself. Conveyancers can easily be found online or through different agencies.

The conveyancing process essentially consists of two stages. The first is where the exchange of contracts takes place after instruction from the buyer or seller. There are several sub steps involved in this phase which differ for both the buyer and the seller including price settlement, lease information, approving the mortgage agreements, completion of forms, evaluation of the property and the preparation of the contract. The date of completion of the sale is also included in this phase. The end of this first stage leads to the exchange of the contract of the property amongst the conveyancer. A down payment of around 10% of the total purchase value is often made at this time.

The second stage is where the deeds of transfer are prepared and signed and this is known as completion. Once this second stage is complete and the deeds are exchanged, the payment for the property is made. While carrying out all these steps, it is necessary to comply with the terms and conditions stipulated by the Law Society. The time it can take for all the necessary details of the conveyancing process to be completed depends on the complexity of the case and the time taken up waiting for approvals and other legal matter. Eight to twelve weeks is usually the average duration for the whole process but this can be longer or shorter.

Nowadays, the online conveyance firms are being preferred by more and more people owing to their high quality of services, which are much more personalized than the regular ones. Also the online conveyancing firms have many advantages over the regular conveyancing firms, with some of the more prominent ones being briefly explained here. First of all since the entire process is online, it is easy to track the progress of the entire transaction from the very first day to the day of completion. Secondly paperwork can be downloaded easily from the website of the respective firm, who themselves also keep you up to date by sending you all important documents and notifications via electronic mail. This also acts as a proof of all transactions that have been carried out over the passage of time. These features not only help to save time and effort, but also save you a lot of money.

It is well worth checking any potential online conveyancing firm you are considering utilising the services are regulated by the Solicitors Regulation Authority and The Council for Licensed Conveyancers. Some online conveyancing firms also work on a no move-no fee basis, which means that if the transaction fails to take place there is no fee to be paid to the conveyance.