Conveyancing

The legal process involved with the transfer of ownership of property, from a buyer to a seller is known as Conveyancing.

It remains both a complex and confusing legal procedure which can only be handled by qualified individuals with experiece and understanding.

You should not be tempted into reducing the cost of your move by taking on the burden of cheap conveyancing. Compromising on the quality of the advice that you receive will prove to be far more costly than a 'quick fix' in the long term.

Conveyancing Fees

Always agree fees in advance. Licensed conveyancers of property should provide you with details of the cost of your move, as well as details of any extra fees that might apply in certain situations.

Buying a Property & Making Offers

Once you have found the house that you wish to purchase, you have to submit an offer to seller of that particular property.

Once your offer has been accepted by the seller, the conveyancing process can begin

How Much Will Conveyancing Cost?

These break down into two types.

• The Conveyancer's own fees, payable for the work carried out on your behalf.

• Disbursements, for example Stamp Duty, local searches and Land Registry fees. These are paid to external establishments and organisations and can be estimated by your conveyancer.

What Next?

You must now instruct your Conveyancer that once notification of the sale of the property is received, the transaction can begin.

At this point, if required you should make the necessary arrangements with your Mortgage provider.

A straight forward house purchase should take no more than 8 weeks.

Step By Step

• Request Contracts and other paperwork from the sellers conveyancer

• Conduct local searches

• Check the Planning Permission and Building Regulations involved in your prospective house

• Ensure that any conditions on your Mortgage, if so required have been adhered to, or will be met in the future.

• Prepare and submit Financial Statements, detailing the amounts required in order to exchange Contracts and complete the puchase of your home

• Sign the Contracts, Mortgage Agreements and Transfer Deeds

• Negotiate a completion date, when you will exchange contracts with the seller and pay the deposit required. You are now legally bound to complete the transfer

• Pay Stamp duties and register your Title to the property at the Land Registry

You are now the owner of your new home.