What Does Conveyancing Involve?
There are three main stages in a standard residential conveyancing transaction. They are as follows:
- The first stage involves initial investigations carried out by the buyer’s solicitors and the preparation of the contract and the proving of title by the seller’s solicitors. This includes agreeing the final form of contract for the sale/purchase.
- The second stage, which takes place after exchange of contracts but before completion involves final searches and the preparation of the final documentation.
- The third stage involves filing your Stamp Duty Land Tax return with the Inland Revenue, paying any Stamp Duty Land Tax due and registering your title at the Land Registry.