CURRENT LEGAL ARTICLES

  

  

Buying or selling a property is a critical decision, which is why Dylan Green & Associates would offer you assistance and knowledge during this process. As a solicitor with experience in different areas of law, Dylan Green will enable you to smoothly go through the proceedings of transfer of property’s legal title to you or the new owner. 

Q: What is conveyancing?

A: In law, it refers to the transfer of legal title of property from one person to another. There are two principal phases in a conveyance: the exchange of contracts and the completion.

Q: Who is a conveyancer?

A: The conveyancer is a conveyancing solicitor. They ensure that the buyer receives the title deeds of a property after a purchase. For Conveyance work to be done correctly, a solicitor is needed, which is why Green & Associates solicitors are a good choice.

Q: What is the central role of the solicitor?

Your solicitor will handle the exchange of contracts, raising and negotiating any title queries, and the closing documentation draft. Post-closing matters, meaning after the purchase, will also be handled by your solicitor.

Q: How can your solicitor help when purchasing?

A: Green & Associates solicitors can help you if you have any problems during the transaction or with the legal titles. 

Our solicitors also can answer your questions, such as on loans and repayments. They want you to know the rights your spouse, civil partner, or co-purchaser will have over the property when purchased. 

A solicitor could advise you on whether to buy the property in shares or as joint owners and if so, they will have to inform you of what it involves.

Q: How will your solicitor advise you when selling?

A: Any pre-contractual matter will be taken care of by Green & Associates (e.g., location of title documents to your home). 

A solicitor will also draft the contracts for sale in advance, and one could be required to review the title to identify any potential difficulties. 

Dylan Green’s counsel also advises on whether you should accept an offer “subject to loan” and, if so, on what terms. Besides, a solicitor will identify for you the contents to be included or excluded from the sale. 

Q: What are the average conveyancing fees? 

A: Those fees depend entirely on the property price, and they are different whether the payments are for sale or purchase. For both buyer and seller, the cost depends on the solicitor’s professional fee since they will use their time and expertise on your case. 

Q: What are other outlays?

A: Stamp duty (tax paid when you transfer property) should be considered. Generally, it represents 1% to 2% of the final purchase price. 

There are fees for registering the title to the Registry of Deeds or the Land Registry. Those fees rise with the property’s value, usually between €400 and €800. Besides, a fixed fee of €175 is paid if a mortgage is raised on the property.

Q: How long does Conveyancing usually take?

A: This process can take two weeks to over a year. The professionalism and efficiency of Green & Associates are a plus for this process to be the fastest, which is between six to eight weeks.

Q: What is the timeline of a conveyance?

A: The buyer and seller should first agree on the purchase price. The estate agent will then issue a Sales Advice notice to both solicitors. 

Afterward, the vendor’s solicitor will draft Contracts for Sale, whilst the buyer’s solicitor applies for the mortgage and raises pre-contract inquiries. Once the contract terms have been fully agreed upon and the title to the property has been investigated, the purchaser generally proceeds to return the signed contracts. 

A deposit of 10% of the purchase price to the vendor’s solicitor will be required. The next stage is the Completion of Sale, which is when both solicitors arrange for the final closing date of the sale. 

The remainder of the purchase price is paid, and the buyer can finally move into the new home! 

Disclaimer: This information is for general guidance only and does not constitute legal advice. Please contact Green & Associates Solicitors for specific legal advice tailored to your unique circumstances.