FAQs - Why do I need a Conveyancer?
In our series of FAQs, we look to answer some of the questions you may quite rightly ask as you navigate the home move journey. Here we look at why you need a Conveyancer when buying a property.
Why do I need a conveyancer?
Conveyancing is all about transferring the legal title of a property from the seller to the buyer. Conveyancers initially check the seller holds the title to the property; they also arrange ‘searches’ to highlight any potential issues that might change your mind about buying the property.
Your conveyancer also organises the payment between both parties when the transaction completes, including the payment of stamp duty to HM Revenue & Customs.
This is a complicated legal process, and an essential requirement when selling or buying a home. So you need to ensure that your conveyancing is done by someone experienced and properly qualified.
Who can do conveyancing?
In theory, it is possible to do the conveyancing yourself, if you’re not taking out a mortgage. But conveyancing law is complicated and often very time consuming, so most buyers and sellers employ legal experts - either a solicitor or a licensed conveyancer.
What is a licensed conveyancer?
Licensed conveyancers are legal professionals who have been trained to deal with all aspects of property law. Ocean property lawyers are members of the Council for Licensed Conveyancers (CLC), which means we're fully qualified property law experts.
How long does the conveyancing process take?
Our goal is to always work towards a quick completion, and a moving date that suits you - as well as others in the chain you are in. On average, we'd expect that conveyancing can be completed within eight to twelve weeks, but there are quite a few legal factors that can affect this.
In particular, waiting for confirmation of your mortgage offer to arrive can often slow things down. So it's essential to arrange your mortgage as soon as you possibly can.
How much does conveyancing cost?
That depends on whether you are buying or selling, and on the price of the property.
The type of property (freehold or leasehold) also makes a difference; leasehold property will cost a little more as there’s quite a lot of extra work involved.
Click here to get a quote, contact us or pop in and see us. We promise you'll find our prices are competitive, while the quality of service we provide is exceptionally high.
Tue 25 Jan 2022