Comments on: What is the “Transaction Procedure” in conveyancing. Is it standard practice? http://www.buymyhome.me.uk/uncategorized/what-is-the-transaction-procedure-in-conveyancing-is-it-standard-practice.html We Buy homes Fast for Cash Wed, 21 Jul 2010 02:51:12 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: in vino veritas http://www.buymyhome.me.uk/uncategorized/what-is-the-transaction-procedure-in-conveyancing-is-it-standard-practice.html/comment-page-1#comment-171 in vino veritas Sun, 27 Jun 2010 20:36:06 +0000 http://www.buymyhome.me.uk/conveyancers/what-is-the-transaction-procedure-in-conveyancing-is-it-standard-practice.html#comment-171 TransAction is the Law Society's national protocol for conveyancing. This protocol was first published by the Law Society in 1990 to help streamline and speed up the conveyancing process in sales and purchases of domestic freehold and leasehold property. It aims to ensure that the buyer’s solicitor is provided with all the legal information about a property as soon as possible after an acceptable offer has been received. More information here: Solicitors are not forced into using it, but it's fairly standard for them to use it. It makes sure all the bases are covered for straightforward property deals and is generally regarded as best practice. Better that your solicitor is a "nuisance for detail" than you get stuck with some legal burden that you didn't know about. This is especially important if the property is not yet registered at Land Registry. Hope this helps and good luck with your new house! TransAction is the Law Society’s national protocol for conveyancing. This protocol was first published by the Law Society in 1990 to help streamline and speed up the conveyancing process in sales and purchases of domestic freehold and leasehold property. It aims to ensure that the buyer’s solicitor is provided with all the legal information about a property as soon as possible after an acceptable offer has been received.

More information here:

Solicitors are not forced into using it, but it’s fairly standard for them to use it. It makes sure all the bases are covered for straightforward property deals and is generally regarded as best practice.

Better that your solicitor is a “nuisance for detail” than you get stuck with some legal burden that you didn’t know about. This is especially important if the property is not yet registered at Land Registry.

Hope this helps and good luck with your new house!

]]> By: toon_tigger http://www.buymyhome.me.uk/uncategorized/what-is-the-transaction-procedure-in-conveyancing-is-it-standard-practice.html/comment-page-1#comment-170 toon_tigger Sat, 26 Jun 2010 02:31:48 +0000 http://www.buymyhome.me.uk/conveyancers/what-is-the-transaction-procedure-in-conveyancing-is-it-standard-practice.html#comment-170 There are "standard practices" in place Your sellers' solicitor should have provided yours with a Property Information Form and Fixtures and Fittings Form which should be filled out by the sellers if this is what you are referring to A lot of solicitors will not proceed until they have these forms in place - phone your solicitor and ask him exactly what he is waiting for There are “standard practices” in place

Your sellers’ solicitor should have provided yours with a Property Information Form and Fixtures and Fittings Form which should be filled out by the sellers if this is what you are referring to

A lot of solicitors will not proceed until they have these forms in place – phone your solicitor and ask him exactly what he is waiting for

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