This is done through our business partners Sort Refer.
What is conveyancing?
Conveyancing encompasses all the legal and administrative tasks involved in transferring the ownership of land or buildings from one party to another.
Initiating when an offer is accepted on a property, the conveyancing process concludes upon the signing of final contracts and the transfer of funds, marking the completion of the purchase.
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What do they do?
Upon receiving instructions, one of the initial tasks undertaken by a solicitor or conveyancer is conducting essential searches with various organizations, including local authorities and utility companies. The purpose is to ascertain any potential developments in the vicinity, such as the prospect of a significant construction project nearby.
These searches also unveil crucial information, such as the proximity of sewers to the property, the classification of the area in terms of flood risk, and any financial encumbrances from previous occupants.
Additionally, your legal representative will inform you of "incurred costs," such as stamp duty. Furthermore, they meticulously review the contracts prepared by the seller’s solicitor or conveyancer, which outline critical details like the sale price and property boundaries. Conveyancers collaborate with your mortgage lender, ensuring the provision of all necessary information for a seamless progression.
As the process nears completion, they handle the settlement of associated fees on your behalf, utilizing funds transferred to the company account. Subsequently, they finalize the transaction by registering you as the new property owners with the Land Registry.
Why use or panel of conveyancers?
8 Reasons why using Sort Refer could the smart idea
· Expertise and Effectiveness: Gain entry to leading conveyancing-specialist firms.
· Dedicated Case Handlers: Colleagues available for coverage during holidays and absences as reliable backup.
· Value for Money: Benefit from economies of scale and cost-effective fees through efficient communication via phone and email.
· No Completion, No Fee: No charges for the lawyer's time in the event your case doesn't reach completion.1
· Second Search Promise: Receive a free replacement set of searches (worth around £200) if necessary.2
· Itemised Quotations: Clear and easy-to-understand breakdowns.3
· Guaranteed Fees: The quoted price is the final price you pay.4
· Information Flow: Stay informed about progress. No need to visit the law firm: Save time as everything is handled through post and email.
Kindly note that due to the unique arrangement facilitated by our system, it is not possible for you to directly instruct the law firm and receive the comprehensive package of benefits associated with this arrangement.
1 Excluding certain law firms. 2 Applicable to ‘purchase’ type transactions in England and Wales. See Second Search Promise Terms for full details. 3 Our quotations are not location-specific so in some instances additional searches at additional cost may be required e.g. a mining search if the property is in a mining area. 4 Fees are guaranteed although extra charges may be applicable should additional work that was not allowed for in the original quotation become necessary.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.