Rich and Carr Solicitors has one of the largest Residential Property teams in Leicestershire. With a team of highly skilled, experienced legal conveyancer’s at our firm, Rich and Carr are the safest, and most efficient conveyancing solicitor firm in Leicestershire.
If you require assistance with Buying or Selling a property, Re-mortgaging or Transferring ownership, or if you simply need advice on property related matters, then we will always be on hand to help!
We provide a fixed conveyancing fee estimate with no hidden costs to enable you to budget accordingly.
Our Residential Property Team consists of experienced, qualified, trained professionals based at each of our branch offices. We provide an efficient, expert service which is both friendly and cost effective, and tailored to meet your individual needs.
What is conveyancing?
Conveyancing in simple terms, is the transfer of legal title in a house, flat or even a piece of land from one person to another; the seller and buyer. The process starts when a seller accepts an offer or a buyer has an offer accepted.
How much does conveyancing cost?
Like anything in life, the costs will vary – however the cost is usually affected mainly, by the value of the property and the legal complexities that are anticipated. You can expect to pay more if the property you’re buying is a leasehold property (a flat say) rather than a freehold property (a house), simply because there is more for your Solicitor to consider. There are also other fees to consider in the conveyancing process.
How much are your conveyancing fees?
Our conveyancing fees vary dramatically dependant on a number of factors. Please do consider acquiring a free, no obligation quotation from ourselves, available online through our website, for an idea of the costs involved in your transaction.
When do you I pay your conveyancing fees?
This differs slightly dependant on whether your transaction is a sale, purchase, re-mortgage or transfer. For a sale, your fees will be take from the proceeds of sale. With a purchase, re-mortgage or trasnfer, it differs slightly. Initially, you will be asked for your ‘search fees’ on account at the outset of the transaction. This is usually between £200 – £250. Then you will usually pay our fees, and the applicable disbursements necessary for your transaction, just before completion.
What are disbursements?
Disbursements are third party costs, necessary for any conveyancing transaction. These will be necessary whichever firm you choose to instruct.
What searches are involved in conveyancing?
If you are having a mortgage to assist with your purchase, we’re obliged by your lender to carry out ‘all usual and necessary searches’. This includes a local search, and a drainage/water search. Consideration is given to the property’s location and additional searches such as coal and chancel repair will be considered. If you’re not mortgage dependent, any searches are up to you.
How long do conveyancing ‘searches’ take?
Usually, it takes between 3-4 weeks for the results of our searches to arrive, dependant on the area in which the house you are looking to purchase, is situated.
How long does it take to buy a house?
The current national average for the conveyancing process is anywhere between 12 to 16 weeks. Transactions can often take place much quicker than this, but until your Solicitor has had sight of the legal title and there is awareness of the position of the chain, it is difficult to say.
Usually, the length of time of the conveyancing process is something that is beyond your control. However, things such as getting your mortgage in principal before you begin your property search and making sure that you action requests from your Solicitor once you have instructed them can all help.