Conveyancing

first time buyer
explained

Conveyancing is the term used to describe the legal work involved with buying and selling a property. Conveyancing is normally carried out by either a solicitor or a qualified licensed conveyancer.

What is a Conveyancing

The process of conveyancing is to transfer the ownership of land from the seller to you. There are several stages involved in the conveyancing work, your solicitor or licensed conveyancer will request contract papers from the vendor’s solicitor, undertake various searches such as a local authority search & check the title to the property you are buying to see who legally owns it.

The process

They will then organise the exchange of contracts, obtain the necessary funds from your mortgage lender, and arrange for these to be sent to the seller on completion of the sale. Your solicitor will also deal with the requirements of your mortgage lender and liaise with your estate agent and surveyor to ensure that everyone works together to complete your purchase as quickly as possible

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Conveyancing briefly explained

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Conveyancing Fees

The legal fees payable for the conveyancing work are made up of the solicitor’s or licensed conveyancer’s own fees plus “disbursements”. Disbursements are fixed amounts that the solicitor pays to others on your behalf, for example fees to the land registry, local authority search fees, etc. Some mortgage lenders offer mortgage packages where they will meet some or all of these costs.

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Who does this work?

When choosing a solicitor or licensed conveyancer to handle your conveyancing, it is advisable to find a firm that offers a no exchange, no fee promise. This means that if the purchase of your property falls through before completion there will be no fees or charges for the work the solicitor has carried out up to that point.

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