Property conveyancing fees are a necessity when it comes to buying or selling a property. Although it is possible to carry out your own conveyancing, the time, expense and worry that goes with doing so makes hiring a conveyancer much easier. They will organise the completion of your house sale, for example.
What does completion mean and how do conveyancing solicitors organise it?
Completion happens after the exchange of contracts. In certain circumstances, it can even happen on the same day. It is one of the things that your conveyancing fees will pay for. Once the exchange of contracts has happened, the conveyancer freezes the deeds of the property you are buying and applies to transfer the ownership to the new owner through the Land Registry.
The money for buying the property also needs to be with your solicitor by the completion date, ideally by the day before completion is due. The conveyancer will need to arrange for this money to be passed to the seller of the home. Once this has happened, the seller will hand over the keys and the new property is yours to move into.
However, completion isn’t the end of the conveyancer’s work. Once completion has taken place, the solicitor will then go on to pay the fees regarding the stamp duty property tax, as well as dealing with the freeholder to alert them to a change of ownership if the property is a leasehold one.
At this stage, once all the legal documents have finished with and organised, you will need to pay the conveyancer’s fees.
There are many different aspects to property conveyancing fees and it can sometimes feel overwhelming. That is why, at Conveyancing Index, we provide you the opportunity to compare different conveyancing solicitors and their fees. Whatever you need, you will be able to find it at https://www.conveyancingindex.co.uk, or on 0203 874 2020.