What will my conveyancer need to get started?
Every conveyancer will have different requirements but most likely you will have to provide the following:-
For a Quote
All you will need is to give the following:-
- Your name
- Your address
- Email or telephone
- Purchase / Sale Price (Most conveyancing quotes depend on the sale/purchase price amongst other things)
- Freehold or Leasehold? Is the Property you are buying/selling leasehold or freehold? If you do not know your quote will likely be done on the basis that it is freehold, however if it does turn out to be leasehold expect that the price will be higher than quoted.
Learn more about what you can expect from a conveyancing quotation by reading our conveyancing quotes article.
If you do need a quote most conveyancers can give you one without the above information. I would recommend using someone you can speak with by telephone to get the quote. If your chosen conveyancer can’t return or answer your calls to give you a quote, they probably won’t when you need them during the transaction process.
Accepted your quote?
What you will need to instruct a Conveyancer to act for you
- Your name
- Your address
- Email or telephone
Although they will already have this from when you obtained your quotation.
- Agreed purchase/sale price
- Property address
- Your ID, Photo identity document like a driving licence or passport; and
- Utility bill.
Just like when you applied for your mortgage your conveyancer will require your Identification Documents as proof of your ID. Most Conveyancers will require sight of your ORIGINAL passport or driving licence and a utility bill as proof of your address. If you cannot take your originals into the office then you will need to have your Identity Documents certified. Most Solicitors firms will do this for you for a small fee of around £7 -£10 and the
post office can help too: http://www.postoffice.co.uk/document-certification-service
- Source of Funds documents; Depending on which conveyancers you use they will ask for some sort of evidence of where the money you will be using towards your purchase comes from. It is perfectly normal to be asked to provide bank statements or savings accounts statements to evidence where you money comes from. Every conveyancer will have different requirements but each will have ask for this as it is a legal requirement for all conveyancers to comply with strict anti-money laundering regulations.
- The estate agents details (this is so your conveyancers can obtain all of the required information about your buyer/seller direct from the agents)
- A payment on account; although some firms offer a no completion no fee service, a payment will be required on account before they can start work to account for costs the firm incurs in the course of acting for you. For example for searches or land registry fees.
- Client care; Each conveyancers will have a set of terms and conditions and an information pack for you to complete and return so they know as much of the key details about your purchase/sale as possible so they can get to work without pestering you for information.
You can expect to be asked for information about the following:
- (Sale) Do you have an existing mortgage? If so you will need to give the name or your existing mortgage lender and the mortgage account number. This is so your conveyancer can find out exactly how much your lender will need to pay off the mortgage on completion.
- (Sale) How you want the sale proceeds to be paid to you, by cheque or bank transfer. Most conveyancers charge a small bank transfer fee to make a payment to you by bank transfer
- (Purchase) Details of your new mortgage lender
- (Purchase) How you wish to hold the Property. If you are buying in joint names if you wish to hold the property as ‘joint tenants’ or ‘tenants in common’
- (Purchase) Are you providing the money yourself or are you getting a gift? If you are using money from a parent or friend they will need the details of this person to contact them to ask for the ID and source of funds documents mentioned above.
- (Purchase) Your National Insurance Number and Date of Birth. These details are needed to submit the Stamp Duty Land Tax return for you after you buy the Property.
This is not an exhaustive list; every conveyancer is different and will want to know different things as part of their standard initial documentation that they send out to you. Most of the things above are good indication of what to expect. Most firms will not start working until their initial information / client care pack is returned and you make the initial payment on account. Until you return the client care pack, they do not officially act for you.
As always if there is anything different or special about your transaction make your conveyancer aware right at the start. Either by telephone or in writing so it cannot be missed. For example is it an auction purchase/sale? Are you selling just part of your Property? Are you buying a property to let out or re-develop? Is there something you are worried about that may affect the sale of your Property?