Conveyancing Solicitor Coventry

When conveyancing solicitors provide a fixed fee, there often isn’t much room to negotiate. If you are paying an hourly rate, there may be something you can do to keep costs down. Remember that cutting costs on conveyancing could cost you in the long term. A simple mistake could cost thousands to fix further down the line. If you are concerned about the legal costs, make sure you get a comprehensive quote for your solicitor's fees upfront so you aren’t surprised by any unexpected legal fees.

There are six stages to the conveyancing process. These are:

1. You choose your conveyancing solicitor. They will provide a Letter of Engagement and confirm the Terms of Business. You need to sign and return this with a copy of your ID before this stage can move forward.

2. Your solicitor will receive a draft contract from the seller. They will then begin the relevant searches. This could take 2-3 weeks to complete, depending on the responsiveness of the Local Authority.

3. Contracts are exchanged. At this stage, both parties need to agree on a completion date. At this stage, you are legally bound to purchase the property.

4. Your residential conveyancing solicitors draw up the Transfer Deed so the property can be registered in your name. You should now receive a final statement outlining the fees so you can make sure the figure is in your bank account on closing day. Your solicitor will carry out the final checks with the Land Registry.

5. Completion day. Your solicitor transfers the money due. Once this has been received, the keys will be released by the seller, or more commonly by the Estate Agent.

6. After completion, your solicitor will arrange to pay any Stamp Duty Land Tax. Finally, the property details will be updated with the Land Registry.

If you are confused about any step in the process, the Pearcelegal team can help.

The conveyancing costs will vary depending on the complexity of the sale and the type of property. The majority of residential conveyancing solicitors will provide a fixed price for the process, while others will provide an hourly rate. Please click on the link above for an instant quote. For more information on our fees please visit our fees information page.

You do not have to use local conveyancing solicitors in Coventry, but many find that it helps. A local conveyancing solicitor will know the area and will be able to conduct the relevant research and checks with ease. It also helps if you can visit your conveyancing solicitor to sign paperwork and speed up the process.

A conveyancing solicitor plays an important role in the sale and purchase of the property. Conveyancing is the legal transfer of property ownership. The conveyancers will handle the contracts, provide legal advice, carry out local council searches, update the Land Registry, and transfer the funds to pay for the property.