|
 |
Conveyancing
 |
Conveyancing
is a difficult term to remember how to spell but it is the
name given to the branch of law dealing with transfer of
ownership of property.
It is the process of transferring legal ownership between
buyer and seller, normally carried out by a solicitor or
licenced conveyancer.
Under English and Welsh law agreements are not legally binding
until contracts are exchanged. In Scotland things work slightly
different in that the contract is generally concluded at
a much earlier stage, and the initial offer, once accepted
by the seller, is legally binding. |
Due to the historical importance placed on
land and property in the UK it is essential that a solicitor
is used in the purchase or sale of a property. Conveyancing
also needs to be done when remortgaging a property or releasing
equity from a property.
Conveyancing tasks include local authority and land registry
searches to name a few. The cost of conveyancing can vary
across the UK from different solicitors. It also varies
on the cost of the property(s) involved. Woolwich recently
commissioned a survey on the cost of Conveyancing. For a
house work £80,000 the average cost was £415
plus VAT.
Remember your circumstances could be different but it is
always advisable to get a few quotes to get the best value
for you. To get a free no obligation conveyancing quote
just enter your details in the box to the right. The form
makes less than 30 Seconds to fill out.
|
|
|
