Understanding Conveyancing
What conveyancing is and why you need a solicitor
What is Conveyancing?
Conveyancing is the legal process of transferring property ownership from one person to another. It ensures:
- The seller has the right to sell
- There are no hidden issues with the property
- The buyer gets what they’re paying for
- All legal requirements are met
- Money is transferred safely
Why You Need a Solicitor
- Complex legal requirements
- Protect your interests
- Handle large sums safely
- Deal with unexpected issues
- Ensure proper title transfer
What Your Solicitor Does
For Buyers:
- Check legal title
- Conduct property searches
- Raise enquiries
- Review contracts
- Handle mortgage requirements
- Transfer funds
- Register ownership
For Sellers:
- Verify identity and ownership
- Draft contracts
- Answer buyer’s enquiries
- Handle mortgage redemption
- Transfer title deeds
Choosing a Conveyancer
Solicitor vs Licensed Conveyancer
| Solicitor | Licensed Conveyancer |
|---|---|
| Can handle all legal matters | Specializes only in property |
| More expensive usually | Often cheaper |
| Better for complex cases | Fine for straightforward sales |
Conveyancing Costs
- Legal fees: £800-1,500 typical
- Searches: £250-500
- Disbursements: Various
- No sale, no fee: Check terms carefully