Conveyancing is the legal process of transferring property ownership from one party to another. It involves a wide range of activities, including negotiating contracts, preparing transfer documents and registrations, conducting searches and inquiries into the title of land, as well as providing advice on matters associated with the transaction. The conveyancing process can be complex and time-consuming, so it's important to seek professional legal advice before proceeding with any property transaction.
The cost of conveyancing can vary depending on a few factors, including the property location, the number of parties involved in the transaction, and the complexity of any additional legal work that may be required. Additional costs may include out-of-pocket expenses such as search fees and stamp duty. If your property is subject to restrictive covenants or leasehold obligations, it is likely you'll have to pay additional legal fees for advice on these matters. In addition, it's important to factor in solicitor's professional indemnity insurance and compensation scheme fees that are normally included in the total fee.
