UK CONVEYANCING FEE INFORMATION

All of our solicitors in England and Wales are accredited by the Law Society as specialists and will provide detailed and accurate conveyancing fee information on request. Our team are able to pursue or negotiate sales or purchases of land and property throughout England and Wales.

Our network of conveyancing solicitors are based out of London and can keep overheads low allowing them to give extremely competitive quotes whilst still ensuring that your legal work is carried out by experienced solicitors.

We will always try to give you comprehensive and fully inclusive quotes for purchases and sales. If you would like to speak to a specialist with no further obligation just call the quotation line or complete and send the contact form and a solicitor will phone to give you free advice.

These frequently asked questions and answers relate principally to England and Wales. If you live in Scotland or Northern Ireland and you want answers to these questions just use the form and a solicitor will speak to you over the telephone.

How long does it take from start to finish?

This is a question that is difficult to answer with any degree of accuracy. There are a large number of factors that are outside the control of the solicitors who act for the buyer or seller and any one of them can cause a delay. It is therefore not advisable to plan definite moving dates until contracts have been exchanged at which time buyer and seller are contractually bound to complete the transaction and even then things can go wrong if one of the parties in the chain has difficulty raising money at the last moment. The average conveyance takes between 6 to 8 weeks to complete from giving instructions to moving in.

What is exchange of contracts?

Under English law a contract for the sale of land must be in writing and this is achieved by each party to the transaction signing a separate copy of a written contract for sale and the buyer's solicitor and the seller's solicitor then exchange those written contracts so that the buyer has the sellers signed contract and vice versa. The arrangement to exchange contracts is now done over the telephone, at which time the contract becomes binding and physical exchange of contracts occurs a few days later by post.

When does the seller receive the sale money?

Once the firm of solicitors has received all necessary money from the buyer, including the conveyancing fee they should be in a position to send a cheque or make a direct electronic bank transfer, for a small charge paid to the bank, to the vendor of property on the date arranged for completion which is usually, though not always, about two weeks after exchange of contracts.

Where do I collect the keys from?

The seller’s estate agent will usually hold a set of keys which will be released to the buyer once the seller's solicitors confirm to the estate agent that the sale has been completed. Completion takes place when the full purchase money is transferred from the buyer’s solicitor to the seller's solicitor which, because of the large volume of transactions handled by the banks computer systems, can take place at any time during completion day.