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Fact 1. The memorandum of sale kicks off the conveyancing process, documenting agreed terms between buyer and seller after offer acceptance on a residential property.
Fact 2. Conveyancers carry out ID verification to comply with anti-money laundering regulations, protecting buyers and sellers from property fraud risks.
Fact 4. Property searches during conveyancing reveal vital info on planning permissions, flood risks, and boundaries. These reduce surprises and protect your property investment.
Fact 6. Fixtures and Fittings. What are they? During conveyancing, sellers list them to clarify what stays with the property and avoid disputes after moving.
Fact 7. Buyer’s proof of funds. Why are they required? Conveyancers must confirm clients have sufficient finances to complete the purchase to prevent delays.
Fact 8. Conveyancers also represent your mortgage lender. This ensures legal compliance and secures their financial interests in the property purchase.
Fact 9. Draft Contracts. Why are they important? They outline the terms of sale and are reviewed thoroughly by conveyancers to protect clients’ interests before exchange.
