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What is Conveyancing?
Conveyancing is the legal part of the house buying and selling process. It is required by law that specific parts of the process are undertaken by regulated law firms, like us, and the people that conduct the work are your conveyancers
What is exchange and how does it work?
Exchange, or “exchange of contracts” is the moment the agreement for the sale of the property is made legally binding by the conveyancers for each party, over the phone. It is the point at which the actual completion date, the day you move in/out of the property is fixed. A deposit of 10% of the purchase price is usually paid to the seller’s conveyancer at the time of exchange of contracts
What’s the Process of conveyancing?
Conveyancing involves legal steps to transfer property ownership. It begins with an offer acceptance, followed by searches, inquiries, and contract preparation. Upon exchange, parties are legally bound. Post-exchange, final checks, mortgage arrangements, and settlement occur. The process concludes with the transfer of funds, title deeds, and registration, marking the successful transfer of property ownership.
What is a Search Indemnity?
Search indemnity is an insurance policy to protect against any financial losses a property owner incurs as a result of undisclosed issues that would otherwise have been revealed by search results, if they had been obtained. It provides peace of mind while also ensuring the purchase transaction can progress quickly and smoothly, avoiding delays in awaiting search results.
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What is Conveyancing?
Conveyancing is a number of legal and administrative steps needed to transfer a property from one person to another.
No one enjoys paperwork; especially when you’re eager to get on and move into your new home. But it’s worth remembering that the conveyancing process exists to protect you. It helps ensure you’re getting everything you expected from the deal – and nothing you didn’t.
2021-09-23
Buying and selling: a guide to London conveyancing
Currently, it’s not exactly a case of business as usual with the London property market. Nonetheless, estate agents are operating Covid-safe protocols and there are plenty of viewings and conveyancing transactions still taking place. The government’s stamp duty ‘holiday’ will close at the end of March, and this valuable tax incentive is expected to make the current quarter the busiest one in a decade.
2021-09-01
Do home buyers need local conveyancers?
If you do a Google search for conveyancers in your area, it will probably bring up a number of solicitors firms based in your nearest town centre.
2021-09-01
What is an indemnity policy and do I need one?
As a buyer, your conveyancer’s job involves fact finding on your behalf. This includes investigating the property title for any ownership issues, carrying out searches with third parties, as well as requesting information directly from the seller’s solicitors.
2021-09-01
Understanding exchange of contracts
The conveyancing contract contains all the terms and conditions of the transaction. This includes the identity of the parties, price, amount of deposit, and a list of the fixtures and fittings to be included in the sale. The contract also stipulates the completion date: i.e the day on which ownership of the property will formally transfer to you, and you’ll be able to move in.
2021-08-10
Leasehold Reform 2024 - What Are the Implications?
The leasehold landscape in the UK is on the brink of a significant transformation, with proposed changes aiming to address long-standing issues and usher in a new era of fairness and transparency.
2024-03-12
What to Do When You Inherit a Property
Discovering that you’ve inherited a property can be a bittersweet experience, bringing both emotions and responsibilities. Whether it’s a family home or a residence far from your current location, the process ahead involves making significant decisions.
2024-03-12
Frequently Asked Questions
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