reallymoving.com release new comprehensive conveyancing guide
Tuesday, August 3, 2010 at 10:23AM
Conveyancing is a commonly misunderstood moving processreallymoving.com recently conducted a survey to assess the level of conveyancing knowledge amongst British homeowners. The results revealed that, although conveyancing is an essential and important part of the moving process, many Britons are not clued up on what the process involves or who can provide it.
Because of this, reallymoving.com have launched a comprehensive and in-depth conveyancing guide that’s available to download for free from their website. The guide contains a host of information that covers the entire process, including details on conveyancing fees, a full timeline of the conveyancing process and an in-depth glossary that covers the major industry terms.
The reallymoving.com survey revealed that, on average, 37% of respondents did not know what the term conveyancing means. Amongst renters and those living with parents, this figure rises to 54% and 51% respectively. This also accounts for 23% of homeowners who have already been through the moving process.
A quarter of respondents believed surveyors could undertake conveyancing instead of a conveyancing solicitor, with 19% under the impression an estate agent could provide the service. A further 11% thought a conveyancing solicitor could negotiate mortgage rates with the broker, 16% believed they could negotiate the price of a property, and 4% of respondents felt they could ask a conveyancing solicitor to arrange and provide a will.
In addition, widespread confusion seems to lie in the difference between surveys and searches; whilst 60% correctly answered conveyancing solicitors carry out searches, 54% wrongly believed it was also their job to carry out surveys. These are actually carried out by mortgage providers to confirm the value, or buyers to confirm the condition, of the property being bought.
If you’re about to move and would like to find out more, please download our free guide to conveyancing for more information.
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