Conveyancing is the 'act of transfer of title to property from one person to another'. In essence it is the legal process of buying and selling property.
Property conveyancing by law, must be done by a property solicitor or licensed conveyancer.
Solicitors normally practice all areas of law, including conveyancing. Essentially the conveyancer is acting on behalf of either the buyer or seller and representing their interests in the property purchase or sale. It is the conveyancing solicitors job is to ensure that the terms and conditions of the contract for sale are fair and reasonable and that all of the financial information is correct. The process for what they actually do differs as to whether they are acting for the buyer or the seller.
The seller's conveyancer will request a copy of the land registry entry for the property. They will then prepare a contract for sale, incorporating the land registry plan and details, before forwarding it to the buyers solicitor (or licensed conveyance).
The buyers conveyancing solicitor will apply for the searches from a variety of bodies including the local authority, and will assess the contract for sale that has been received from the seller's lawyer. If the buyer is borrowing money on a mortgage then the solicitor will need to receive a copy of the mortgage offer and be satisfied that the buyer has sufficient funds available to complete the purchase.
Once all of the queries have been resolved, the searches have been received, and proof of funds achieved, then both parties will be in a position to exchange contracts.
Please refer to our property purchase brochure which explains the steps involved in a conveyancing transaction.
Daragh and Joseph pioneered the introduction, into the West of Ireland, a fixed legal fee in respect of Residential Conveyancing matters responding to the needs of modern day clients who insist on transparency and value for money in seeking assistance from their solicitor.