Frequently asked questions about residential conveyancing in London
What is conveyancing?
Conveyancing is the legal process of changing the ownership of a property or piece of land and is required whether the property is a residential home or a business premises. It involves a range of different phases and types of activity to be carried out by the conveyancing solicitors.
These include legally required checks, searches and documents to be completed, to ensure that the transaction meets all of the standards necessary.
What does a conveyancing solicitor do?
A conveyancing solicitor is responsible for assisting the seller or buyer of the property with the transfer of the title from one owner to the next and ensuring the transaction meets all legal requirements, while protecting the rights of their client.
What does a property solicitor do?
A property solicitor is also known as a conveyancing solicitor. They help those buying or selling property to ensure the transaction meets the necessary legal obligations and that all of the required checks and searches are carried out. They are ultimately responsible for facilitating the title transfer.
How much do solicitors charge for conveyancing in the UK?
The fees for conveyancing solicitors in the UK can vary widely, depending on factors such as the complexity of the specific transaction and even the location of the property in some cases. On average, residential conveyancing costs usually range between £800-1600.
In addition to the solicitor’s fees, there will also be the costs of any legal checks and searches required, known as disbursements, to take into account.
How much does conveyancing cost in London?
The cost of conveyancing in London can vary, with individual factors affecting specific transactions playing a part in how much legal work is involved. Your solicitor should discuss the likely cost of conveyancing with you before proceeding with your property transaction, so you know what to expect.
Factors that can affect the cost of conveyancing may include, but are not limited to:
- Whether the property is freehold or leasehold
- Whether any government schemes are involved in the property transaction e.g. Help to Buy
- Any specific issues with the property, such as contentious restrictive covenants
How do I find a good conveyancing solicitor?
One way to find a good conveyancing solicitor is to choose a firm with a proven track record in providing excellent conveyancing services and positive reviews left by previous conveyancing clients. Another important aspect is ensuring you choose a solicitor with a good reputation for communication.
Do I need a solicitor to buy a house in the UK?
You are not legally obliged to use a solicitor when buying a house in the UK, but if you choose not to use a professional and experienced conveyancer, you can have or cause real problems during the process. Many mortgage providers will only lend when professional conveyancers are involved.
Getting any part of the complex legal process or paperwork wrong when conveyancing can mean that the entire transaction is put at risk and there could be serious financial implications too.
What is a mortgage solicitor?
If you are remortgaging your property with a different lender, a mortgage solicitor will be needed to make the transfer of funds from the old provider to the new one and will ensure that the process followed in this change of lender is legally compliant.
Do you need a solicitor to get a mortgage?
You don’t need a solicitor in order to apply for or be offered a mortgage by a lender, but you will need to instruct a conveyancing solicitor as soon as you have an offer accepted on a property so that they can start the legal process of the purchase and handle the change of ownership.
What questions should I ask a solicitor when buying a house?
If you are looking for a conveyancing solicitor to help with the process of buying a house, there are a number of questions you can ask so you understand more about the solicitor you might instruct. The questions you can ask them include:
- What is your conveyancing fee structure and how much will this service cost me?
- What is included in your conveyancing services?
- How much experience do you have in conveyancing with a property like mine?
- What do you need from me, and when, to keep things moving forwards?
- How (and how often) will I be updated on the status of the conveyancing process?
- How will you protect me from potential conveyancing scams or other security risks?
- What happens if my conveyancing contact is out of the office when action is needed?
Getting satisfactory answers to these questions can help you to decide which conveyancing solicitors to use for your property purchase.
To find out how our expert conveyancing solicitors can help with your property purchase or sale, contact the team today 0161 696 6187 .