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.
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.
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.
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.
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.
In this general order, your conveyancing solicitor will:
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.
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.