What does 'Conveyancing' mean when buying a property?
Find out what Conveyancing means when you are buying a property. 'What does Conveyancing mean?' plus over 150 other property related terms and jargon in plain English
The name given to the legal side of the property buying process. In most cases a property solicitor will carry out the conveyancing - they may be referred to as the conveyancer.
In other words during a property transaction:
- "Have you instructed a conveyancer?"
- "Have you instructed a solicitor?"
Both mean the same thing - have you hired a solicitor to act on your behalf for the purchase of the property.
It is possible for you to carry out your own conveyancing but at your own risk. Solicitors are insured against losses caused by their negligence, you are not so any mistakes you make which cause you to miss a fact that has a substantial effect on the property's value will be down to you.
To find out more about the Conveyancying process, what is involved and how you can speed it up, pick up a copy of my ebook How to Really Buy a Property.