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Conveyancing is the legal transfer of property from one owner to another, it is about ensuring that you legally own the home you’re purchasing.
Licensed conveyancers, or conveyancing solicitors, act on behalf of their clients to carry out the whole process, from providing forms of ID to receiving the title deeds to the property.
If you're buying a home, your conveyancer will request paperwork & ID from you and liase with your seller, mortgage advisor and bank. They will also carry out local authority searches and schedule completion dates. At the end of the process, they will submit your tax return and pay your Stamp Duty to HMRC.
If you're just selling a property you’ll need to provide the same ID and paperwork, but you won't need any mortgage brokers or other third parties to be involved. Your conveyancing solicitor will request you fill out a TA6 Property information form, and a T10 Fittings and Contents form.
A licensed conveyancer is a legal professional who’s job it is to carry out the conveyancing process for you. They are regulated by the Council for Licensed Conveyancers (CLC).
You can also use a conveyancing solicitor, a trained solicitor who specialises in conveyancing registered with the Law Society and regulated by the Solicitors Regulation Authority (SRA)
There is not set time frame for the conveyancing process, but it usually takes on average 8-12 weeks between hiring a conveyancer and moving into your home.
Conveyancing searches (AKA property searches) are checks that a conveyancer carries out to find out information about the property. This can be to find out things such as whether planning permission will be granted or where there is access for vehicles.
While there is no set price for conveyancing, most homeowners will spend around an average £2,038 including fees and disbursements. If you’re a First Time Buyer this average £1,314 (Based on reallymoving data collected February 2024).
Conveyancing fees are often paid at the end of your property purchase. Once your deposit has been transferred, and your purchase completed, you’ll receive your conveyancing bill.