At what point should I instruct a Conveyancer?
A. At the very latest you should instruct a Conveyancer when you have an offer accepted on a property (if you are the buyer), or when you accept an offer on your property (if you are the seller).
This is the moment the Conveyancing process begins, so you will need to have your Solicitor lined up and ready to act. That is why it is best to instruct a Conveyancer before it gets to the point of offers being accepted. If you are the seller, you could instruct a solicitor when you put your property on the market, or if you are the buyer, you could instruct a solicitor at the moment you begin your property hunt. This can sometimes help buyers to find properties that are not yet on the market and shows the sellers that you are serious about buying.
Question - Do I need to choose a local Conveyancer?
A. No, you do not need to choose a Conveyancer who is local to where you currently live, or who is local to the property you are buying.
These days there is no need for you to visit your Conveyancer’s office at all. Everything can be done by post, email, and phone. So, you can choose a Conveyancer who is located anywhere in England and Wales, regardless of which part of the country you live in. This gives you the opportunity to shop around for the best price and to select the Conveyancer that is right for you.
Question - What do I need to do?
A. Your Solicitor will do most of the work, but there are some things that you will need to do. Your Conveyancer will advise you on exactly what is required of you, as and when the time arises.
For example, at the start of the Conveyancing process you will need to provide proof of ID and address. If you are buying a property, then you will also need to:
Arrange the mortgage
Provide proof of funds for the money you are using
Put buildings insurance in place before the exchange of contracts
Check the terms of the contract
Review the results of the survey and property searches, and raise any queries
Sign any paperwork, including the contract
Question -. How long does the Conveyancing process take?
A. This is a difficult question to answer, but an average timescale is between 6 to 8 weeks
A major factor that can impact on the amount of time it takes is the length of the chain. If there is no chain, and no other issues to contend with, the Conveyancing process can be completed within a couple of months. But if you are stuck in a chain, you will be at the mercy of everyone else finding a buyer/having an offer accepted. Even then offers can be withdrawn, causing the chain to break down. If you want to avoid this, it is best to look for buyers/sellers with no chain.
Question -. How much does Conveyancing cost?
A. There is not a set price for Conveyancing costs. Every Conveyancer will set their own Conveyancing fees. Some may charge an hourly rate, while some may calculate their fees according to the value of the property you are buying/selling. So, it is always best to contact several different Conveyancers and ask about their fees, and what the fees include, so you can compare like-for-like quotes.
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