Conveyancing is the legal process of transferring property ownership from one person to another. You cannot legally obtain a property without going through the conveyancing process first. The process involves all the legal and administrative duties associated with transferring property ownership, and starts after you have had an offer accepted (or accepted an offer) on a property. It ends when the final contracts have been signed and the purchase has been completed.
To begin the conveyancing process you must first instruct a solicitor or conveyancer to act on your behalf. You can choose this yourself, though your mortgage lender or estate agent may have a list of recommended companies to work this. However, be aware that this can often end up being more costly than using an independent company.
One of the first things your conveyancer will do is to arrange a number of property searches on your behalf. These searches involve requesting information from the local authority to confirm details such as planned developments, disputes or roadworks that may affect the property. Other searches will be carried out to assess the flood risk of the property, whether there are sewers nearby and other environmental factors that could affect the property. The results of these searches could potentially affect the future of the sale if an unforeseen issue is raised.
Your conveyancer will liaise with the buyer/seller’s solicitor and your mortgage lender to get the information you need. All this is included in the cost of the conveyancing process.
How Much Does Conveyancing Cost?
The length of the conveyancing process can vary but takes an average of 6-8 weeks. The cost of conveyancing depends on the value of your property. See how much property conveyancing solicitors HSK Convey could save you by getting a free no obligation conveyancing quote online today!