What is conveyancing?

Conveyancing is the transfer of property ownership from one party to another. A solicitor or licensed conveyancer normally looks after this process. They scrutinise your documents and the property itself to make sure your acquisition is valid and lawful.
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What does this involve?

In England, the solicitor or licensed conveyancer handles the legal aspects of your property purchase, including transfer of funds and ownership.

They will make sure your seller has the legal right to sell the property to you and they will look into any planned works in the area would negatively affect the property or your purchase.

Your solicitor will carefully review all of the documents and mortgage agreements on your behalf and will negotiate any necessary amendments. This will have an influence on when you are authorised to pay your deposit.

A good solicitor will remain in touch with you regularly during the process and will be clear in their explanations of what is occurring and why.

How long does conveyancing take?

The process can take up to 12 weeks (leasehold properties may take longer). Your relationship with your conveyancer will end once the transaction is completed and you receive the keys to your new home.

How much does conveyancing usually cost?

Most solicitors or licensed conveyancers don't have a set rate, so you should get an estimate of the cost of their services before they start. However, there will be some fixed fees that must be paid, such as the conveyancer's reimbursement for costs incurred, such as Land Registry fees (£150–£220), Local Council fees, and bank transfer fees.

Your final fee will also be influenced by the value of the property you're buying; the more valuable the property, the greater the cost.

In general, you should steer clear of conveyancers who bill by the hour. You should also request a completely itemised estimate from the conveyancer.

How does Parkers approach conveyancing?

We can recommend our favoured conveyancing services to help get you moving.

Please get in touch with your nearby Parkers office right now for further details regarding conveyancing.

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