Conveyancing
Specialising in pairing people with their perfect mortgage
The Process of Conveyancing Made Easy
Buying a property can be an overwhelming experience, whether it’s your first time or your third time. However, without the help of an experienced mortgage broker to guide you through the process, the process of buying a home can be made even more stressful than it needs to be.
When it comes to buying and selling property, you may have heard of the term ‘conveyancing’ and you might wonder what it means. Well, let us explain, as it plays a pivotal role in the buying process…
What is Conveyancing?
Conveyancing is the legal transfer of a property from one owner, to another, seller to the buyer. Without going through conveyancing, you cannot buy your first home or any other property.
Conveyancing starts when your offer on a house is accepted and finishes when you receive the keys to your home. The process involves a conveyancing solicitor or licensed conveyancer who acts on behalf of the buyer to ensure their client receives the title deeds to the property and the land it sits on.
Essentially, conveyancing encapsulates the entirety of the legal and administrative work required to ensure a house purchase is valid under the law. Understanding what conveyancing involves will help you ensure that there are fewer surprises that crop up along the way.
Dan Churchouse2024-05-07We used Regal for our recently completed house purchase. The mortgage was a relatively complex arrangement given it consisted of two parts (a result of porting over the terms of an existing mortgage and adding additional debt on new terms) but Matthew Graves and Kirsti Newman were very clear in their articulation, making it easily digestible and allowing me to factor into monthly affordability. They were also speedy in their responses and clearly not biased to any one provider. I feel safe in the knowledge that I ended up with the best deal available and would highly recommend their services.
Taylor Joanne2024-04-30Excellent and professional service. Everything was handled and dealt with quickly.
Sue Vecchione2024-04-23Well worth the fee. Mortgage sorted in less than 48 hours. Fantastic service with great communication. Much recommended đ
Harry Jackson2024-03-05Matthew, Kirsti and Katie were all really helpful. Made sure that, as first time buyers, we understood everything that was going on and were always there to help if we needed them to. 100% would recommend you use them!
Michael Clarke2024-03-04Karen and Kirsti have been invaluable in helping us through the mortgage application process for our first home. We would thoroughly recommend their services - it has saved us a lot of stress! Swift and considerate guidance and support throughout the process.
Ioana Tomut2024-03-02We have worked with Karen and are extremely happy with how she handled our account. This was the second time we have attempted to buy our first house and we have worked with another mortgage advisor before. While both were excellent in terms of service and communication, Karen's suggestions for solicitors and survey were significantly cheaper to what we were quoted last time. I greatly recommend them.
R Findlay2024-02-29Thank you very much to Richard at Regal Finance for making our first home purchase run as smoothly as possible. Richard was available to provide us advice throughout the whole process and I would highly recommend using Richard at Regal Finance Group!
Sarah Carter2024-02-19Absolutely brilliant! Alwasy go over and above and feel thoroughly looked after. Highly recommend.
Joe Alsford2024-02-05I can not speak highly enough of the service I received from Richard Powers at Regal. Gave excellent clear advice, continually negotiating the best deal available. Went above and beyond, fantastic to have in your corner in what can be a stressful process!
Kiran2024-01-15Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
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Standard Conveyancing Practice
During the process of buying a home, your conveyancer or mortgage lender will refer to the âexchange of contractsâ. The exchange of signed contracts between the buyer and seller is what legally commits both parties to the sale of the property.
Itâs important to note that a house purchase is not legally binding until contracts are exchanged between the buyer and the seller. This gives freedom to both parties prior to the exchange of contracts. A deposit, typically of 10 percent of the purchase price is required at the exchange of contracts.
During the phase prior to exchanging contracts, either party is entitled to cancel the transaction, with no obligations to the other party. This can potentially increase the risk of gazumping if you are part of a lengthy moving chain.
Upon the exchange of contracts, the buyer and seller are both legally committed to the purchase and the agreed terms of the sale. If you decide to pull out of the agreement at this stage, you may automatically lose the deposit you paid upon exchange.
Thereâs a lot to know when it comes to conveyancing and youâll require a solicitor or conveyancer. Technically, it is possible for you to deal with your own conveyancing, however, it is a detailed, lengthy and complicated process and is a big responsibility. So we highly recommend the use of a qualified and experienced property lawyer.
Luckily, we help provide conveyancing services to you so you wonât have to worry about the legal stuff. A solicitor or conveyancer will handle all the legal aspects of buying or selling a property for you and a good one will keep you updated regularly, and can really support you in what is likely to be a stressful process. Itâs an important role, so itâs important to choose carefully.
Setbacks Along The Way
When it comes to buying and selling homes, it’s likely that you will face some setbacks along the way, either minor or major. The vendor may drop out, which is just bad luck and very frustrating. You can ask them for a contribution towards your legal fees, but they are under no obligation to pay. You may even encounter an uncommunicative solicitor or the costs can increase when youâre in a chain, problems could be found during a survey and you might have face difficulty getting a mortgage.
However, we can help minimise the number of setbacks you face and help you tie up the loose ends to complete the process of buying a home. The majority of property buyers are better off with a professional conveyance, especially when they are buying a home for the very first time.
So get in touch today to find out how we can help you with getting the right mortgage and conveyancing.
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