Frequently Asked Questions
Find the answer to all your conveyancing questions
We have tried to answer the most popular conveyancing questions we get asked for you. If you have any further questions please feel free to contact us and we can help guide you through the conveyancing process.
Answers to your commonly asked conveyancing questions.
What is Conveyancing?
How long will the Conveyancing process take?
Is a Solicitor necessary when buying a property?
When do the conveyancing fees get paid?
What does "in a chain" mean?
Is a survey really necessary when I buy a property?
What is a Leasehold property?
What is Indemnity insurance?
What does ‘exchange of contracts’ mean?
- all legal documents have been thoroughly checked
- your survey or homebuyer's report has been completed (if you are having one)
- any repairs or other work to be arranged by the seller before the sale are agreed
- you have received your formal mortgage offer
- you have the money to pay the deposit
Does a Solicitor need to see the mortgage offer before I can exchange?
When will you exchange contracts?
- You have agreed on an offer, including for fixtures and fittings
- You have had the mortgage valuation and any surveys you want done
- You have been formally offered a mortgage in writing
- You have a deposit on the mortgage arranged
- Your solicitor has done all relevant searches
- You have organised building insurance. After you exchange contracts, you are liable for the property, and so you need to have buildings insurance in place to start immediately
- You have arranged funding for the contract deposit (traditionally 10% of the purchase price, but nowadays often less)
- You have agreed on a date of completion for the sale, which will be written into the contract
- You have read, understood and signed the contract