The Legal Transfer of Property Ownership

Property conveyancing is the official name for the legal transfer mentioned in the title. It is the branch of law that deals with the legal aspects of moving home.

Here, our experts have prepared a guide explaining what conveyancing is, who performs it, why you might need it, and what to expect during the procedure.

What is Property Conveyancing?

The conveyance of a property is the procedure used to transfer ownership of a legal title to property from one individual or entity to another. The process starts when a property offer is accepted and is complete once the buyer receives the keys.

Who Needs Conveyancing and Who Runs the Process?

If you are purchasing or selling a property, you will need a property conveyancing lawyer to handle the transactions. Conveyancers are licensed experts who assist you with all the legal processes and documentation associated with purchasing and selling a home.

Property conveyancing solicitors manage every step of the process, including investigating the property, checking for easements, determining the kind of title, and looking into any other details that need to be checked.

The Steps of Property Conveyance

It is divided into three stages: pre-contract, pre-completion, and completion.

Pre-Contract

It starts when your offer to purchase real estate is accepted. Your conveyancing lawyer will get and evaluate legal paperwork to give you legal guidance on your purchase. They check the property title to ensure that everything is okay.

Then, the lawyer conducts the necessary property checks, such as environmental and drainage searches. These checks will reveal any potential problems with the building or the land, which the mortgage company must know about.

They provide you with the necessary documents used to convey ownership of the real property to complete the transaction.

Pre-Completion

At this stage, if you are purchasing with a mortgage, they will review the mortgage offer and deal with any particular terms. For home-loan sales, they will negotiate with your lender, which may involve obtaining a redemption statement.

To set up dates for the exchange of contracts and completion, the lawyer will coordinate with the other party’s conveyancer. Your lawyer confirms that all inquiries have been met before you sign the contract. After you exchange contracts, you will be in a legally binding contract to buy the property with a fixed date for moving.

Completion

Finally, the change of ownership will be declared with the land registration on your behalf. The buyer’s conveyancer will handle this if you are the seller.

How Long Does It Take to Convey a Property?

It usually takes 12-16 weeks according to the condition of the property. As we previously stated, it begins when you make an offer on a house and continues until the day of completion, when the property’s keys are delivered.

What is the Cost of Property Conveyancing Services?

The location and value of the property you are buying or selling can affect the pricing of conveyancing services. There will be also some third-party disbursements, such as searches, bank transfer fees, or stamp duty.

Easy and Fast Real Estate Conveyancing with Tekce Visa!

Tekce Visa professionals have extensive experience in effective property conveyancing in Turkey, Portugal, and Spain in a timely, clean, and efficient manner.

With our extensive real estate expertise in the sector, we provide property purchasing and selling services with zero failure. We are aware of any potential problems that buyers and sellers may face and take action accordingly. We will provide you with an all-inclusive price.

Even if you do not have time, you can take advantage of our online property conveyancing service by giving our lawyers power of attorney. You can contact us anytime to learn more about the process.