Conveyancing & Solicitor
Conveyancing is the legal process of buying and selling a property carried out by a solicitor or licensed conveyancer.
It's worthwhile choosing a solicitor or conveyancer as soon as you start looking for a new home, so that you don't have to rush your decision once you've found a home you want to buy.
Ask any friends, family or colleagues who have recently bought a home whether they can recommend someone. You can also search the Law Society Directory for a suitable solicitor in your area. If you are buying a home in Scotland, visit the Scottish Law Society website.
Fees for conveyancing vary so get two or three quotes from different solicitors to compare prices. The cost will depend on how complicated the transaction is, the price and location of the property and whether or not the land is registered. Confirm in writing with your chosen solicitor what the quote will include.
Once you've made an offer on a property you like, inform your solicitor who can then start the legal work to transfer the property to you.
This includes:
- commissioning local authority searches on legal restrictions and local development proposals affecting the home you're considering buying
- receiving mortgage offers and dealing with all the conditions
- holding your deposit and passing this to the developer's solicitor
- dealing with and checking a contract for sale
- arranging for the exchange of contracts
- preparing and approving the deed of transfer and mortgage deed
- arranging payment of any stamp duty to the Inland Revenue
- applying to the Land Registry to register your ownership
- sending deeds to the mortgage lender