When buying or selling a property, you will need to appoint a solicitor to carry out all the legal work, known as conveyancing. Conveyancing is the legal process of transferring ownership of a property from the seller to the buyer.
Solicitors costs will usually be based on the price of the property you wish to buy or sell.
Your money will pay for your solicitor to:
- Carry out a Land Registry search for English and Welsh buyers or a Registers of Scotland search, and Register of Sasines search for Scottish buyers;
- Carry out a Local Land Charges Registry search;
- Liaise with the sellers solicitor;
- Draw up contracts ready to exchange;
- Make sure the mortgage deed is ready for signing on the completion date;
- Arrange all the financial aspects of the transaction, such as having your mortgage and deposit in place by the completion date and organising the payment of any Stamp Duty.