The conveyancing process can be very stressful, especially if it’s your first time doing it. There are forms to fill out, timelines to keep track of and even witnesses (who will sign the transfer deed on your behalf) to get organised. After all this is done, you will be looking at 6-8 weeks until you finally get the land ownership documents in your name. So how do you keep things running smoothly?
Here are some common problems with the conveyancing process and how to fix them.
1. Disagreement Between Buyer and Seller
Once an offer is accepted, lawyers will make the offer legally binding through a series of missives, which are letters between two solicitors, until the buyer and seller agree on the terms.
It’s common for both parties to not agree on one or more term conditions, which can cause delays. In this case, lawyers will help each party come up with a solid strategy to negotiate the term conditions. Meanwhile, your conveyancer will check and assess all information on the transaction and determine the factors that can be used to improve your position to negotiate.
2. Property Issues
When a survey finds a problem with the property, this could cause a delay to the conveyancing process. This is because the issue will be investigated further to make a decision on who will pay for remedial works.
Working with a reliable solicitor is crucial here because they can make the process go faster than it should.
3. Problems with Paperwork
Unfortunately, one of the most common issues that come up during the conveyancing process is an issue with the paperwork. It could be missing papers or incomplete paperwork that can set back the process. You can fix this easily by making sure you have all the right documents filed. Make sure you reply to emails promptly as well and fill out legal forms without delay.
4. Delays in Funding
You are aware that there is a possible delay with the lender’s approval. If you are the buyer, ensure you are working with reliable mortgage lenders to reduce delays during the process.
5. Missing Alteration Documents
When you are selling your home, you need to provide your conveyancer with local authority documentation for any alterations that have been done to the house. With this, you need the stamped plans, building warrant and a completion certificate.
You can fix this by asking the surveyor to check them to ensure that you have all the right documents and they’re all accurate. In case you are unsure about signing the Home Report by the surveyor, it’s best to consult with your solicitor. With this, you can ensure that you’re making the right decision.
Make the Conveyancing Process Run as Smoothly as Possible
The conveyancing process–buying or selling a property–can be a nightmare. The law is complicated, there is jargon that’s hard to understand and even the most straightforward deal can go wrong. There are many steps involved with the conveyancing process and it’s frustrating when things don’t go as smoothly as we hope. Knowing these common mistakes and how to avoid them can make the whole thing run quickly.
Are you looking for a reliable conveyancer in Manchester? Here at Conveyancing Store, we can help you compare quotes to help you find the best one. Get in touch with us today!