Each one of us want to own a property but what is the process that goes on when we transfer a property from one person to another and this is termed as conveyance. This is a process in which the property is transferred on the name of the buyer by signing up a legal document which clearly states that the property initially belongs to the seller and is being transferred to the buyer. But the fact to keep in mind is that the property should not be mortgaged or has any liens. So be sure about every aspect related to your property so that you do not regret later after the transfer process is fully complete. While you buy a property, there are a number of factors that cause the process to stop or to pause for some time and hence one must be cautious enough and try to avoid these to facilitate quick transfers.
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The next thing that is important to understand before going under conveyancing process is that one should only go to the trusted solicitor. As a solicitor is the one who would have total control over your documents as well as of the other party. So, while you select one be sure he is reliable enough and for that, you can always refer to different companies who are there providing you with solicitors, who are qualified and have knowledge related to all aspects of transfer.
Reasons for delayed in conveyance process
There is not just one but several reasons that facilitate dealing with the conveyancing process. And one must be aware of all of these so that you do not face any of these when you buy a property.
# Extracting the solicitor
This is a very important step as this would facilitate booking by your side and also would let you confirm your property quickly.
# Taking of Management pack for lease hold properties
The next thing to do is to inform your solicitor such that he is able to obtain the documents that are needed for easy transfers of the property on your name. And this is much needed because the lawyer must be aware of the details of a certain company for the past 3 years.
# Planning permission
Lack of permission from the officials can lead to delaying your task and hence planning permission is one of the prime considerations. And if you are unable to meet up the standards specified then there are chances of rejection of your permissions.
# Legal documents
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Legal documentation is required in your as well as the other parties case and inability to do so may lead to slowing down the process of transfer. Also, when there are witnesses needed in the process, then the conveyancing further slows down with the inability of the people to deliver the documents on time.
# Gifted deposits
If your house deposit is a gift then that is to be surely informed to the lender as well as a solicitor such that each of them have a clear view about the property.
# Transferring funds to the solicitor
The next step is to transfer the money to the solicitor who has put enormous efforts from buying to selling up the property facilitating transfers. And this is generally done by transferring funds in small transactions rather than doing it in one transfer.
# Holidays
There may be chances where holidays may land up while you are going to the conveyance process and this may cut down your process for few days.
So, while you plan to purchase a property, be sure that all