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Conveyencing Conveyancing is the term describing the legal transfer of ownership of freehold or leasehold properties. It is a complicated process which can be (and has been) completed in an afternoon but it can also take several months and a period of up to 12 weeks between making an offer for a property and moving in is not uncommon. Leases are more complicated than the sale and purchase of a freehold property. As a buyer, you should be sure whether the property you are purchasing is leasehold or freehold. If a lease is involved, you should pay attention to the conditions, restrictions and financial responsibilities imposed by it. The process of conveyancing involves: 1. Investigation 2. Assessment of Draft Contracts 3. Exchange of Contracts 4. Completion 5. After Completion
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(Your home may be repossessed if you do not keep up repayments on your mortgage)
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