What is a conveyancing solicitor? It’s a good question.
When you’re looking at buying a house, whether you’re a first-time buyer or it’s not your first rodeo, there’s plenty you should know.
And the fact that so much of the property market seems to be neatly tied into legal jargon and phrases, it can be hard to know what everything really means.
Well, let’s start in the most obvious place…
What Is Conveyancing?
Conveyancing is the area of law that deals with the transfer of land and buildings.
Sometimes it’s called property law, and both terms tend to be used interchangeably – but don’t worry too much about that.
It’s a necessary part of the process of buying a house, and while we know it can be a protracted and stressful experience – it doesn’t have to be.
Most of us rarely deal with solicitors, so buying a home, selling a home, or transferring land or property is probably one of the few times where we do.
The process of purchasing a house could take as little as 6 weeks, which includes:
- A mortgage valuation
- Preparing a contract for sale
- Compilation of the transfer document and completion statement
But it’ll likely take longer than this to complete. Delays can happen for lots of reasons, and the more people in the chain, the more likely there are to be issues along the way.
What Is A Solicitor?
A solicitor is an individual that provides legal support as well as acting on key legal matters such as divorce law, property law, business law, and property law.
Solicitors tend to work on cases for a long period, and they’re likely to be your point of contact throughout the conveyancing process.
Both a conveyancer and a conveyancing solicitor have expertise in the same area…
But a solicitor is a legal professional that is qualified in a wide range of legal services, and they practice as members of The Law Society.
While a conveyancer is a specialist in the legal aspects of property sales and purchases specifically and is not qualified to practice in any other area of law.
A conveyancer is ordinarily cheaper than a solicitor, and it’s common for a law firm to employ conveyancers to offer property services on their behalf.
What Is A Conveyancing Solicitor?
Simply put, a conveyancing solicitor is a qualified legal professional that specialises in property law.
What Does A Conveyancing Solicitor Do?
A conveyancing solicitor will handle the entire process of conveyancing for your house purchase or sale.
Once you’ve instructed a conveyancing solicitor, they’ll guide you through the process as follows:
- Your conveyancing solicitor will receive a contract and copies of the legal title
- They’ll raise enquiries and carry out mandatory legal searches, plus any optional searches you’ve agreed to conduct
- Once the searches have been completed, you’ll apply for a mortgage
- Your lender will then carry out a valuation of the property to ensure it’s worth the figure you’ve agreed to pay
- As soon as the lender is satisfied you’ve met their conditions, your solicitor/conveyancer will send a copy of all legal documents to you
Once you’ve got your legal documents and the anti-money laundering checks have been conducted, a date of completion will be agreed upon with all parties in the chain.
Contracts will be exchanged and then the sale is complete – your conveyancing solicitor will arrange for the funds to be transferred on the day of completion.
How Much Does A Conveyancing Solicitor Charge?
I’m apologising in advance because I’m giving everyone’s favourite answer – it depends.
Conveyancing fees tend to range from £850-£2,000, but this will vary depending on the searches that are conducted, the individual solicitors, and other factors.
If your property is leasehold, this might be a factor too – but conveyancing solicitors will always discuss the cost beforehand, so you don’t need to worry on that front.
Find A Conveyancing Solicitor Near Me
We know that finding the right Conveyancing Solicitor is crucial.
Buying or selling property can be a stressful experience, so we’re here to make sure you end up in safe hands.
So, if you’re looking for a Conveyancing Solicitor near you, then we’ve got you covered…