Award-winning Conveyancing Lawyer in Surrey, England, UK

Both parties involved in the property exchange take part in choosing the conveyancer. However, the seller will choose who the conveyancer will be when selling their property in most cases.

How long each stage of conveyancing takes will depend on factors like the property’s location, how busy the solicitor is, whom you are dealing with, and the type of property you are buying or selling. Here is a breakdown of the time each stage will take:

• Arranging mortgage – 4 weeks
• Drafting the contract – 2-10 weeks
• Exchange and completion stage – 1 week

On average, it takes between 12-16 weeks to complete the conveyancing process in Surrey.

Your solicitor is likely to take longer to complete the conveyancing process if they have too many clients on the list. Some solicitors may not be that smart or good in their job – which means they will take longer processing documents to draft the contract and initiate all the transactions.

If you want to speed up the conveyancing process, you should:

• Instruct your conveyancer early enough to help you get to your new home faster.
• Only hire conveyancing lawyers with years of experience in your local and national market
• Communicate with your conveyancer well and on time
• Sort out all the required documents for exchange early

The actual cost of conveyancing services in Surrey depends on the type of property you are buying, the nature of the transaction involved, and the rate your solicitor charges. 

Most solicitors will charge a fixed rate for conveyancing services while others charge per hour price. You want to confirm with your conveyancer how much you will pay for the services.

If you reside in Surrey, you should reach out to a conveyancer when you need help with:

• Buying and selling new home
• Buying and selling land
• Remortgaging
• Property leasing and freehold
• Buying and selling of leasehold property
• Equity release

• Extension of lease
• Commercial conveyancing
• Collective enfranchisement
•  Transfer of equity

There are many reasons you should hire a conveyancer when selling or buying property in the UK. First, you want to ensure the property you are buying is legit and there are no underlying issues that may arise once you transact. 

Secondly, hiring a conveyancing solicitor makes your work easier. You don’t have to move around filling completion forms and searching and checking the property you want to buy.

AVRillo sits on the same panel with most of the lenders in the UK. Therefore, when you buy a property on a mortgage, you can be certain it will go through. We support your conveyancing whether you are using the local building society or the national firm.

The buyer of the property should pay the transfer costs to the conveyancer, and this amount should be inclusive of the Stamp Duty fee. The buyer also pays the bond registrations incurred in the process.

The conveyancing process in the UK involves three main stages that you should beware of. These stages are:

• Acceptance of offer
• Parties exchanging contracts
• Completion

The buyer and seller of the property should agree to enter into a contract before doing any transactions. At the initial stages of the contract, the transactions involved are not legally binding. It means either party can opt out of the contract and receive no financial penalty.

Once the buyer and seller agree to have a contract, the buyer instructs their solicitors to conduct all property searches. Some of the checks and searches on the property include:

• An independent survey done by the buyer on the property
• Review of the property information the seller provides. The conveyancer at this stage makes all the necessary inquiries about the property the buyer may be interested in knowing.
• Conducting local authority searches and other conveyancing property searches relating to the property.

A transaction is said to be legally binding once it reaches the completion stage. When both the seller and the buyer are satisfied with their checks and searches, they can now sign a contract. Henceforth, the transaction is now considered legally binding to both parties and pulling out can attract a financial penalty. A Certificate of Title is transferred to the HM Land Registry, and the seller surrenders the property to the buyer.

It takes between 12-14 weeks to reach the completion stage of conveyancing if there are no serious hurdles involved in the process. You start counting from the date you instruct the conveyancer. In case of delays in the process, your solicitor will likely inform you of what you should do.

If your conveyancer wants to ensure there are no underlying issues in the property you want to purchase, they will likely conduct some checks and searches on the property. Some of the searches include:

• Local authority search – this search is done to find out issues like pollution, planning, highway, and many other related issues.

• Environmental searches – this is a search done to check issues such as flooding and land contamination.
• Water and drainage searches – this search is done by your conveyancer to check issues to do with water and drainage in the area.

If you buy a building on the mortgage, your lender will ask you to take insurance. Therefore, you should arrange early enough to have the property insured. You can save some money if you make your insurance arrangements. 

You have to start the insurance process from the exchange of contracts. You can check for more information with the AVRillo customer care team.

Your conveyancer sends you a completion statement before the completion of your purchase. Also, to ensure the full availability of funds for the completion process, you should send the full amount to your solicitor a few days before the completion date. A buyer should ensure they have paid the solicitors fee and the purchase price balance in time.

The buyer’s solicitors will transfer enough money to the sellers’ solicitor to buy the property on the completion day. The buyer’s solicitor receives all the relevant documents for the property, including legal transfer documents, in exchange for the money. The seller’s solicitor instructs the estate agents to hand over the property to the buyers.

AVRillo has a qualified team of lawyers who are always ready to provide conveyancing services to all our clients. Our lawyers are legally permitted to offer legal advice to property buyers and sellers in Surrey. If a legal property case arises, our team of qualified lawyers will advise you on the best possible action you should take.

Yes, we offer commercial and business conveyancing to our esteemed clients. Our services include business and commercial transactions. We have a team of lawyers qualified in property and business law. We also back our services with many years of industrial experience and knowledge.

When reaching out to a conveyancer in Surrey, you should have a list of questions ready to ask them. Some of the questions you ask your conveyancer should revolve around:

• The costs of their services
• Who will handle the case
• What kind of cases the solicitor has dealt with before, and 
• What communication channel they use. 

You should also find out if the conveyancer is registered and approved by your mortgage lender and the relevant authorities in Surrey to buy property on a mortgage.