Conveyancing Process
Here is a quick guide on the conveyancing process, and things you need to be aware of when buying or selling a house.
However, it is something that happens when the ownership of a home is legally transferred from a seller to a buyer. So it is important that you understand the steps that need to be taken, whichever side of the property conveyancing process you are on.
We have put together a handy guide to help you understand the steps that you need to take, as well as things to be aware of along the journey.
How long does Conveyancing take?
On average, we allow for a standard freehold conveyancing transaction to take around 8 weeks from the collation of all paperwork. If the property you are selling/purchasing is a Leasehold property, this transaction will take on average 12 weeks, due to third party involvement and the sheer amount of paperwork related to these types of transactions.
Can Conveyancing take less than 8 weeks?
Not all transactions will fit within the standard timescale and at Fletcher Longstaff we are happy to discuss your conveyancing transaction on a case by case basis, so that if we can complete your transaction sooner, we will do. Either way, we will keep you informed every step of the way.
The process of conveyancing begins when your offer on a house is accepted, and concludes when you have the keys in your hands. This can be performed by either a solicitor or a conveyancer, but using a specialist property conveyancer has several added benefits. The main one being that conveyancers are specialists in residential property law and have detailed knowledge of this specific area.
When looking into choosing a conveyancer, a good one will:
Once you have appointed your conveyancer, they will then draw up terms of engagement with you. This will detail the charges and deposits required throughout the property conveyancing process too.
Your conveyancer will then write to your seller’s conveyancer to confirm that they have been appointed, and to request a copy of the draft contract and other standard forms. After this initial stage, the conveyancing process varies for whether you are buying or selling a property.
As with all property conveyancing, no matter how proactive and efficient one firm is they need to rely on the other conveyancers involved in the conveyancing process. It is also vitally important you keep in contact with the seller of the property you wish to buy or vice versa as you may need their assistance later in to the transaction to help push things along.
We really hope that you have found this article useful. If you require any more information about the conveyancing process, please do not hesitate to contact our team of experts today.
What's in this document: In some cases it is impossible to predict matters which fall outside of the scope of a standard Conveyancing transactions. With that in mind we have created the attached list of common additional work. We will always contact you in advance of making any additional charges and explain the reason behind this so we have your agreement in advance of doing any work. If you have any questions on this do contact the Fee Earner looking after your matter.
As you’d expect, there are conveyancing fees, but we’ll always offer you a fixed fee quote upfront to help you budget. After that, we work extremely hard to ensure you’re always getting maximum value for money from start to finish.
You can get a conveyancing quote quickly, through our website or by calling us directly.
As well as offering fixed costs we also offer a no completion, no fee service. So, if for some reason your purchase falls through, you won’t have to pay for our service only third party disbursements.
The two get very mixed up – we have broken down the difference between conveyancing & surveying for you, in a non-complicated way!
Conveyancing is the process of legally transferring ownership of a property from one person, couple or group, to another, including the transferral of fees. It involves aspects that relate to the land a property is built upon such as the boundaries and can include checking factors such as the chances of the property suffering from flooding or subsidence, or whether there are new buildings planned in the area.
Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying to check that it’s as good as it looks from the outside.
Stamp Duty, otherwise known as Stamp Duty Land Tax (SDLT) is a tax on the purchase price of land and buildings. It’s charged at different rates for different sale prices. If you are buying a new Lease then you may also have to pay Stamp Duty on the rent, and your lawyer will advise you when they receive the contract paperwork. Please visit the HMRC website to calculate your Stamp Duty.
No, not at all, you don’t need a local conveyancer. Thanks to modern technology you can choose the best conveyancer for you wherever you’re based anywhere in the country. We find that nowadays most people like to contact us through phone or e-mail rather than taking time out to come into our offices so that’s the way we work.
Whether you’re buying or selling in Lincoln, Lincolnshire, or anywhere else in England or Wales, we keep you in touch with your case as much as possible and you can phone or e-mail us here whenever you need to.
If you’d really like to come and meet us in person that’s fine too – we’re real people who don’t hide behind call centres.
Once you have instructed us you will be invited to track your case via our new App. We will send you an e-mail so that you can gain access to your file and easily begin tracking your case and communicating with your Conveyancer. If you have any queries on this please contact us.
