How Conveyancing Works A Step by Step Guide

How Conveyancing Works: A Step by Step Guide

Moving house is already a stressful time and the process of conveyancing only adds to the confusion. To ease your journey from deciding to buy or sell a house, right through to the actual move, we’ve compiled a guide on how conveyancing actually works, so you can focus on the important tasks, like packing and choosing the interior design.

What is conveyancing?

Before we start, it would probably be handy if you know exactly what we mean by “conveyancing”. Conveyancing is the process of exchanging property deeds from one party to another – so basically all the legal stuff that comes with buying or selling a house. This is usually done by a property solicitor or conveyancer.

What does a conveyancer do?

  • Create, read, discuss and negotiate the legal contracts with you and the other party’s solicitor.
  • Oversee the Exchange of Contracts.
  • Apply for conveyancing searches with local authorities.
  • Correspond with the Land Registry.
  • Arrange Stamp Duty to be paid.
  • Transfer funds.
  • Provide ongoing legal advice.

What are conveyancing searches?

Conveyancing searches find out if there are any local influences which might negatively affect your property. Your conveyancer will fill out several forms to request information from local authorities about the state of the surrounding area.

These will include planning searches to see if there are any planned developments due to be built near your new property, flood searches to see if the area is prone to flooding and damp, and environmental searches to check for things like radon gas.

Pre-completion searches usually come later, after the Exchange of Contracts, and include a check with the Land Registry to see that the property is indeed registered to the seller, and a bankruptcy check to see if they have been declared bankrupt recently.

How much does conveyancing cost?

The cost of your conveyancing will vary depending on the area you live in and the value of the property you are buying or selling. Our guide to conveyancing costs will cover this in more detail.

How long does conveyancing take?

Conveyancing usually takes a minimum of 8 weeks and a maximum of 12 weeks, although this can be extended if the other party delays the process.

What is the process of conveyancing?

In this general order, your conveyancing solicitor will:

  • Agree terms with the other party.
  • Request the title deeds from the mortgage lender or Land Registry.
  • Write up a contract.
  • Check and approve the other party’s contract.
  • Apply for conveyancing searches.
  • Check through the mortgage offer and raise any enquiries.
  • Exchange of contract and transfer of deposit.
  • Create the Completion documents.
  • Apply for pre-completion searches for Land Registry and bankruptcy.
  • Buyer requests mortgage advance from their lender.
  • Sign Completion documents.
  • Work out Completion figure (remaining amount + searches and solicitor’s fees).
  • Completion – sign documents and buyer pays Completion figure.
  • Buyer collects keys and can move in.
  • Register the property at Land Registry.
  • Finally, send the deeds to the mortgage lender. All done!

So there you have it, a quick journey through the process of conveyancing. Of course, if you need any extra information, don’t hesitate to call our friendly team on 0207 4065880, or apply for a free no-obligation quote to see just how much your move in London will cost.

About the Author Ellie Pierpoint

Ellie manages the content for the Capital Conveyancing site, finding ways to help Londoners looking for information and guidance around the conveyancing process, and presenting it in a clear way. Ellie loves writing about all things London, as her research leads her to discover new areas and history.

Leave a Comment: