Five FAQs on residential conveyancing
Can I do my own conveyancing?
There is nothing in property law that prevents you from doing your own conveyancing. However, due to the complex nature of the property market and the legal process involved in transferring ownership, most people will use a conveyancing solicitor to handle their purchase or sale. Your conveyancing solicitor will have the experience needed to ensure your purchase or sale progresses smoothly.
How long should conveyancing usually take?
The property lawyer handling your conveyance won’t be able to give you a fixed time by which your conveyance will be complete, as each case is different. Conveyancing should, however, take around six weeks if there are no complications to cause delays. Your solicitor is important, as they can often help to prevent delays as your transaction moves towards completion.
What are the searches that my solicitor will carry out?
Local authority searches check things like the drainage of the property, whether it is built near any old land mines, if the owner of the property is liable for the upkeep of the road, or if any subsidence in the area of the property has been recorded. The searches are essential to ensure you are buying a sound property and so that your mortgage lender will be happy to provide you with the necessary funds.
When would I have to pay my conveyancing solicitor’s fees?
As soon as your solicitor has a date where they can exchange contracts with the other party, you will receive their bill. Your solicitor’s bill will include their fees and any additional costs, plus any stamp duty you also have to pay. The stamp duty must be paid after your purchase can be completed.
What are the main services that a conveyancing solicitor can offer?
The process of buying and selling residential property can be complex and time consuming. Your solicitor’s main task is to draw up your contract so it meets all legal requirements. But perhaps the most important service your solicitor provides is their detailed knowledge of the conveyancing process. If things go wrong, your solicitor will know what to do in order to get your sale or purchase back on track.
If you would like to obtain legal advice on residential conveyancing, Caven can put you in touch with a local property solicitor free of charge. So, if you have any questions or would like our help in finding local property solicitors please call us on 0808 129 5758 or complete the web-form above.
- Last Updated on 22/02/2013