Question 1

What exactly is conveyancing?

Accepted Answer

Put simply, conveyancing is the legal process of transferring ownership from the seller to you. Beginning when you instruct and ending when you’re registered as the new owner.

Question 2

How long will conveyancing take?

Accepted Answer

The process typically takes anywhere from 8 to 12 weeks. Though this can vary depending on your unique circumstances, it could be shorter or take longer.

Question 3

Will I need to pay stamp duty?

Accepted Answer

You won’t need to pay stamp duty if your purchase price is below £300,000. For properties between £300,000 and £500,000, you'll pay 5% on the portion above £300,000. If the purchase price is above £500,000, standard rates will apply.

Question 4

How much deposit will I need?

Accepted Answer

Most lenders require at least 5-10% of the property's value. On a £300,000 home, that's £15,000-£30,000. Getting a larger deposit can help you secure better mortgage rates and increase your chances of mortgage approval.

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