National Conveyancing Week at Russell & Russell

20/03/2023

This week marks the first-ever National Conveyancing Week in the UK. Between the 20th and 24th of March 2023, NCW’s organisers are holding various in-person and online events for estate agents, mortgage brokers and home movers, helping people gain a better understanding of the role of property lawyers in the home moving process.

Russell & Russell is proud to be supporting the National Conveyancing Week campaign. This week, we are helping to break the bias around the conveyancing process by answering some conveyancing FAQs. We also want to share more information about our excellent conveyancing department. Read on for more!

Our social media is also experiencing an NCW takeover, so feel free to look at our LinkedIn, Facebook, and Twitter accounts.

What is Conveyancing?

Since multiple processes are involved in buying or selling a property, Conveyancing has gotten a bad name over time. Particularly in cases whereby the buyer or seller has experienced delays, or their transaction has fallen through for whatever reason.

In reality, the conveyancing process is relatively straightforward in most cases. The process is simplified even further for those who instruct trustworthy solicitors, estate agents, and mortgage brokers.

The literal meaning of Conveyancing is the legal transfer of property from one owner to another. With this, two major processes are involved, including the exchange of contracts and completion.

At Russell & Russell, we support our clients throughout the entire conveyancing process, including all of the legal and administrative checks and translating the terms of the contract in a way that carefully explains the legal jargon.

How long does Conveyancing take?

Unfortunately, predicting how long the conveyancing process will take is impossible. Every transaction is different, and the timescale will be affected by the chain of people involved in the process, the type of property being bought/sold and any other unforeseeable circumstances, such as a transaction falling through.

However, in straightforward transactions with no delaying factors, completion should take between 8 and 12 weeks from the time your conveyancer is instructed.

What is exchange?

Once the seller’s and buyer’s solicitors have exchanged contracts, the parties to the contract become legally bound to sell or buy the property.

This is typically done over the phone in a recorded conversation, and from this point, each party can no longer leave the transaction.

What is completion?

Completion is the final day of the conveyancing process. On this day, ownership officially transfers from the seller to the buyer. The seller leaves the property, and the buyer gets the keys.

Following this, all left to do is inform The Land Registry.

To speak to one of our experienced solicitors, licensed conveyancers or chartered legal executives about your conveyancing transaction today, please call 0800 103 2600 or fill in this contact form.

Meet the Team – Russell & Russell’s Conveyancers

At Russell & Russell, our conveyancing team employs over 90 people, allowing us to support countless people with their residential property needs across Bolton, Atherton, Bury, Chester, Farnworth, Horwich, Middleton and across the whole of England and Wales.

Your home is likely to be your biggest asset, so knowing that you have made the right choice when instructing a solicitor is vital. Russell & Russell has a long track record in residential property transactions. We advise private individuals, developers, estate agents, and mortgage advisors and work alongside many lenders, dealing with a plethora of residential and commercial property transactions.

With that, we believe it is vital to break the ongoing taboo associated with the conveyancing process, which is why we are proud to be supporting National Conveyancing Week in the UK between Monday, 20th and Friday, 24th March 2023.

More about National Conveyancing Week

Founder of National Conveyancing Week Rob Hailstone says:

“Home buying and selling is one of the most important events that takes place in the lives of nearly everyone at some point in time. It can be time-consuming and difficult to understand for many. National Conveyancing Week aims to help de-mystify the many strands that make up the process, not just for the general public but also for the numerous stakeholders involved in it.”

Conveyancing Partner Richard Querelle, at Russell & Russell, added:

“The conveyancing team at Russell & Russell take immense pride helping people with their selling, buying or refinancing journey. For us it is essential that the client understands the process and so we have always gone to great lengths to breakdown the legal jargon and use plain English! I am delighted there is a National Conveyancing Week as it will help people to getter a better understanding of the processes involved when buying or selling”

Conveyancing Solicitor Near Me

To find out more about National Conveyancing Week, please click here. Alternatively, please click here to learn more about Russell & Russell’s well-established and reliable conveyancing department. Call us on 0800 103 2600 or fill out this contact form.