Brief Read: What Is Conveyancing?

If you’ve bought or sold a property, chances are you have dealt with a conveyancer at some point. Conveyancing is the legal transfer of property from the current owner to a new owner. Conveyancing solicitors act on behalf of both the buyer and the lender. 

Conveyancing solicitors will:

• Organise searches for the property and check the house titles
• Check the mortgage offer and deal with exceptional conditions
• Provide essential information and documents
• Arrange dates for exchange of contracts and completion
• Submit tax returns and transfer funds for the stamp duty and other essential tasks.

Not all buyers may want to purchase properties in their capacity as a natural person and may prefer to buy a property via a limited company.

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What Further Documents are Required During the Conveyancing Process When Buying Through a Limited Company? 

The conveyancer will need to make checks on the limited company to ascertain whether or not it is legally entitled to hold property, including:

• Proof of identity for the company director(s);
• Company Articles and Powers, including the company’s Memorandum and Articles of Association;
• A company search to ensure there are no issues such as pre-existing charges which may affect the lender’s decision;
• Annual returns, 
• Proof of independent legal advice, as required by many lenders. This is to ensure that company directors understand the legal implication of guaranteeing mortgages.