Help and Advice
Let’s get to The Basics
What is Conveyancing?
Conveyancing is the legal part of the house buying and selling process. It is required by law that specific parts of the process are undertaken by regulated law firms, like us, and the people that conduct the work are your conveyancers
What is exchange and how does it work?
Exchange, or “exchange of contracts” is the moment the agreement for the sale of the property is made legally binding by the conveyancers for each party, over the phone. It is the point at which the actual completion date, the day you move in/out of the property is fixed. A deposit of 10% of the purchase price is usually paid to the seller’s conveyancer at the time of exchange of contracts
What’s the Process of conveyancing?
Conveyancing involves legal steps to transfer property ownership. It begins with an offer acceptance, followed by searches, inquiries, and contract preparation. Upon exchange, parties are legally bound. Post-exchange, final checks, mortgage arrangements, and settlement occur. The process concludes with the transfer of funds, title deeds, and registration, marking the successful transfer of property ownership.
What is a Search Indemnity?
Search indemnity is an insurance policy to protect against any financial losses a property owner incurs as a result of undisclosed issues that would otherwise have been revealed by search results, if they had been obtained. It provides peace of mind while also ensuring the purchase transaction can progress quickly and smoothly, avoiding delays in awaiting search results.
Get the best advice
An Expert Guide to Buying a Home in the Winter
Winter may be considered the “silent period” for real estate, but it can offer unique opportunities for homebuyers, such as less competition and motivated sellers. However, there are also challenges, like fewer property options and seasonal issues like heating inefficiencies. This blog offers practical advice on buying during the winter, from inspecting properties for cold-weather vulnerabilities to timing your offer for quicker negotiations. By working with a professional agent and conveyancer, you can navigate the winter market smoothly.
Learn how Muve’s FestiveFast Conveyancing Service can help you move into your new home before Christmas.
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Top Tips to Set Up Your New Home for the Perfect Christmas Celebration
Moving into a new home just in time for Christmas is an exciting experience, and with the right planning, you can create a cozy and festive atmosphere for the holidays. In this blog, we share tips to help you make the most of your move, from efficiently organizing your essentials and setting up utilities to creating a warm and inviting space with simple decorations. We also highlight how Muve’s FestiveFast Conveyancing Service can help you complete your move in time for the festivities.
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Want to Move to a New Home by Christmas? Here’s What You Should Do
Moving home in the UK typically takes six months, including steps like mortgage approval, conveyancing, and property surveys. To move faster—ideally before Christmas—start your search early, get pre-approved for a mortgage, and work with experienced professionals such as brokers and conveyancers. The conveyancing process, often the most time-consuming, can be expedited through services like Muve’s “FestiveFast.” This service aims to complete the process in 5-7 weeks, enabling you to move into your new home just in time for the festive season.
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Top Reasons to Act Fast and Move Into Your Dream Home Before 2024 Closes
In 2024, more UK residents are eager to move homes, with 30% planning to do so, a 14% rise from 2023. Key factors driving this include lower mortgage rates, increased property availability, and rising rental costs. Mortgage rates have declined as banks, like Halifax and NatWest, cut their rates, making buying more affordable. The housing market is more active, with a surge in new home construction and planning permissions. Buyers are motivated, with many seeking larger homes. A conveyancing service, Muve’s “FestiveFast,” offers a fast-track process to help buyers move in before Christmas.
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What to Do When You Inherit a Property
Discovering that you’ve inherited a property can be a bittersweet experience, bringing both emotions and responsibilities. Whether it’s a family home or a residence far from your current location, the process ahead involves making significant decisions.
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Leasehold Reform 2024 - What Are the Implications?
The leasehold landscape in the UK is on the brink of a significant transformation, with proposed changes aiming to address long-standing issues and usher in a new era of fairness and transparency.
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Understanding exchange of contracts
The conveyancing contract contains all the terms and conditions of the transaction. This includes the identity of the parties, price, amount of deposit, and a list of the fixtures and fittings to be included in the sale. The contract also stipulates the completion date: i.e the day on which ownership of the property will formally transfer to you, and you’ll be able to move in.
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What is an indemnity policy and do I need one?
As a buyer, your conveyancer’s job involves fact finding on your behalf. This includes investigating the property title for any ownership issues, carrying out searches with third parties, as well as requesting information directly from the seller’s solicitors.
2021-09-01
Frequently Asked Questions
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