All your Frequently Asked Questions about conveyancing answered...
The conveyancing process differs from property to property and the amount of time your move will take will also depend on the number of people in the chain.
The law firm will advise you of any charges in advance of you instructing them. You can obtain a schedule of conveyancing costs. Price should not necessarily be the critical factor in appointing your law firm. The service they will offer you will be critical during what can be a complex process. Our law firms will work with us to ensure that you are kept up to date and that everything is explained clearly.
Our law firms all employ qualified specialist property lawyers. You will also have a dedicated case handler and a direct dial to them and their assistant ensuring that there is always someone to talk to.
In the unlikely event that there is a problem you can call your local Your Move branch who will be able to liaise with the law firm and ensure that you are fully aware of any issues and what is being done to resolve matters and what timeline to expect.
Again this is unlikely but if this should occur you will not have any legal fees to pay and for sellers Your Move will immediately re-market the property to find alternative buyers. Our conveyancing service for buyers means you won’t even have to pay for search fees on a second property as we will pay these for you.
Until contracts are exchanged either party can withdraw at any time. There would be no legal fee to pay because of our No Sale No Legal Fee promise (excludes disbursements).
Sellers : The law firm will require Identification which we can help with – you can call into your local Your Move branch office and we will take copies and a financial advisor will certify them – please phone in advance to ensure that they are available. You should also supply any paperwork such as planning consents, letters received from the local authority and any guarantees for products which are staying, eg double glazing. If you hold the title deeds these should be sent by Recorded Delivery but most properties are now registered at the Land Registry and proof of ownership can be obtained electronically.
Buyers : You must also supply identification and again our local branch can assist. You also need to pay the search fees when you instruct the law firm to avoid delays.
A freehold property is owned by you outright and no one else has any interest in any part of the building (other than a lender who may have a mortgage). A leasehold property is where part or all of a building is granted to you for a specified period of time, eg 99 years for a standard flat after which ownership reverts to the Landlord. Leasehold properties often carry obligations to contribute to maintenance of shared areas, eg car parks lifts stairways and there will be a requirement to pay ground rent to the landlord.