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Parachute Law is one of the leading law firms providing expert Conveyancing Services

Our Property Lawyers are experts in their field and members of the Law Society's Conveyancing Quality Scheme. We have a highly specialist team of conveyancing solicitors who can manage all aspects of your property transaction.

Buying and selling property is a big step, and you can’t afford for anything to go wrong. You need a highly skilled and experienced legal team who will get the job done quickly, allowing you to focus on other things.

We have the knowledge and expertise you need so, for legal services you can truly rely on, look no further than Parachute Law.

Conveyancing transactions typically follow a staged process, which you can read more about below.

Do I need a Conveyancing Solicitor?

While it's not a legal requirement to hire a conveyancing solicitor, it is highly recommended in most property transactions. Conveyancing involves complex legal procedures, paperwork, and potential pitfalls that can have significant financial and legal consequences if not handled correctly.

A conveyancing solicitor is a legal professional who specializes in property law and can guide you through the process, ensuring that all legal aspects are addressed properly.

Our Conveyancing Solicitors advise and assist with:

  • Property Sales
  • Property Purchases
  • Property Auctions
  • Joint Ownership
  • Shared Ownership
  • Transfer of Equity
  • Right to Buy
  • Purchasing the Freehold of a Leasehold Property
  • Remortgaging of a Property
  • Commercial and Land Transactions
 

Our conveyancing solicitors can help with;

Buying a House - Conveyancing

Buying
a House

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Selling a house - Conveyancing

Selling
a House

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Buying & Selling a House

Buying & Selling
Properties

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Transfer of Equity

Transfer of Equity
on a Property

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Remortgaging

Remortgaging
a Property

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Commercial Conveyancing

Commercial
Conveyancing

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How much are conveyancing fees usually?

The cost of conveyancing fees in the UK can vary depending on various factors such as the value of the property, the complexity of the transaction, the number of individuals involved and whether the property is freehold or leasehold. On average, conveyancing fees in the UK can range from around £500 to £1,500 or more, depending on a number of factors.

We will provide you with a fixed fee quote which includes;

  • Basic Legal Fee
  • Property Searches
  • Disbursements (being payments to third parties)
  • Leasehold Property Charge (if applicable)

Occasionally additional costs are incurred during a matter which we could not have foreseen at the outset. Any additional items will be included as a part of your free quote.

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What are the stages of the Conveyancing Process?

Conveyancing is the legal process of transferring property ownership from one person to another. The process can vary depending on the jurisdiction, but generally includes the following stages:

1. Pre-Contract Stage:

  • Instruction: The process begins when a seller instructs a solicitor or conveyancer to handle the sale, and a buyer does the same.
  • Draft Contract: The seller's solicitor prepares a draft contract and gathers necessary documents, such as property title deeds and information forms.

2. Pre-Contract Enquiries and Searches:

  • Enquiries: The buyer's solicitor raises legal questions with the seller's solicitor, and the seller provides relevant information.
  • Searches: Various searches, such as local authority searches and land registry searches, are conducted to reveal information about the property and its surroundings.

3. Pre-Contract Negotiations:

  • Negotiation of Terms: Any issues identified during enquiries or searches may lead to negotiations on the sale terms, including the price and potential repairs.

4. Exchange of Contracts:

  • Signing Contracts: Both parties sign identical copies of the contract, and the buyer pays a deposit (usually 5-10% of the property price).
  • Exchange: The signed contracts are exchanged, and the buyer and seller are legally bound to complete the transaction. If either party pulls out after this point, they may face financial penalties.

5. Between Exchange and Completion:

  • Mortgage Arrangements: The buyer finalizes mortgage arrangements.
  • Completion Statement: The buyer's solicitor prepares a completion statement, detailing the funds required to complete the purchase.

6. Completion:

  • Transfer of Funds: The buyer's solicitor transfers the balance of the purchase price to the seller's solicitor.
  • Transfer of Ownership: The seller vacates the property, and the buyer takes possession. The legal ownership is officially transferred.

7. Post-Completion:

  • Registration: The buyer's solicitor registers the change of ownership with the relevant land registry.
  • Payment of Stamp Duty: The buyer pays any applicable stamp duty.
  • Notification: The utility companies, local council, and others are notified of the change in ownership.

8. Post-Completion Enquiries:

  • Dealing with Post-Completion Issues: Resolving any post-completion issues, if necessary.

It's important to note that the conveyancing process can vary, and some jurisdictions may have additional or different steps. Additionally, the involvement of estate agents, mortgage lenders, and other parties can influence the process. It is advisable for individuals involved in property transactions to seek professional legal advice to navigate the complexities of conveyancing.

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How long does the Conveyancing Process take?

The duration of the conveyancing process can vary significantly depending on various factors, including the complexity of the transaction, local regulations, and the efficiency of the parties involved.

On average, however, the conveyancing process typically takes between 8 and 12 weeks in many jurisdictions. It's important to note that this is a general estimate, and the actual timeline can be shorter or longer based on specific circumstances. Here are some factors that can influence the timeline:

1. Property Chain:

If the property is part of a chain (a series of transactions where the completion of one sale is dependent on the completion of another), the process can be more complex and may take longer to coordinate.

2. Mortgage Approval:

If the buyer requires a mortgage, the time it takes for the lender to process the mortgage application can impact the overall timeline.

3. Searches and Enquiries:

The time taken to complete property searches and respond to pre-contract enquiries can vary. Delays may occur if issues are uncovered that require further investigation or resolution.

4. Legal Issues:

Unforeseen legal issues, such as boundary disputes or issues with property titles, can prolong the conveyancing process.

5. Negotiations:

If negotiations between the buyer and seller are required, this can add time to the process.

6. Efficiency of Professionals:

The efficiency of the conveyancing solicitors, surveyors, and other professionals involved in the process can influence the timeline. A proactive and responsive team can help expedite the process.

7. Post-Completion Processes:

The time it takes to complete post-completion tasks, such as property registration and utility notifications, can affect the overall timeline.

It's important for both buyers and sellers to communicate effectively with their respective solicitors, respond promptly to requests, and address any issues that arise to help keep the process on track.

While the average timeline provides a general guideline, individuals involved in a property transaction should be prepared for some variability based on the specific circumstances of their case.

It's advisable to discuss the expected timeline with your conveyancing solicitor at the beginning of the process, as they can provide more accurate estimates based on the details of your transaction.

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Frequently Asked Questions about Conveyancing

Conveyancinguk

What is Conveyancing in the UK?

Localconveyancing

Do i need a Local Conveyancing Solicitor?

Solicitororconveyancer

Is it better to use a Solicitor or Conveyancer?

Whentoinstructconveyancing

When should I instruct a Conveyancing Solicitor?

Whatdoconveyancersneed

What documents do solicitors ask when buying a house?

 

Our conveyancing solicitors can help with;

Buying a House - Conveyancing

Buying
a House

Get a Free Quote

Selling a house - Conveyancing

Selling
a House

Get a Free Quote

Buying & Selling a House

Buying & Selling
Properties

Get a Free Quote

Transfer of Equity

Transfer of Equity
on a Property

Get a Free Quote

Remortgaging

Remortgaging
a Property

Get a Free Quote

Commercial Conveyancing

Commercial
Conveyancing

Get a Free Quote