Eight conveyancing myths busted as homebuyers call for smoother, faster property moves

Conveyancing has been identified as the biggest obstacle to a smoother home move, according to recent research.

Some 42% of recent buyers surveyed cited conveyancing as the main factor slowing or disrupting a transaction, compared with 19% who pointed to property chains.

Eve Cooke, managing director of conveyancing specialists Montrose Brown Law, said the findings were concerning but came as little surprise.

“Moving home is exciting, but the legal process can feel like a maze when you don't know what to expect,” said Ms Cooke. “There are plenty of myths surrounding conveyancing, and believing them can create unnecessary stress and, in some cases, contribute to delays. Understanding what really happens, and what you can do to help, can make a real difference.”

Eve Cooke busts eight common conveyancing myths

Myth 1: Once my offer is accepted, the property is mine.

The truth: An accepted offer does not make you the legal owner, nor does it normally create a legally binding agreement to buy or sell a property in England and Wales. That commitment comes at exchange of contracts, with ownership transferring on completion.

“An accepted offer is an important milestone, but there is still work to do before the transaction is legally binding. Avoid making irreversible plans until your conveyancer confirms you are ready to proceed,” said Ms Cooke.

Myth 2: I only need a conveyancer once my offer is accepted.

The truth: Getting advice early and preparing identification, financial information and other paperwork in advance can help prevent avoidable delays once a property is found.

Myth 3: I don't need to think about money until completion.

The truth: Search fees, survey costs, deposits and other expenses can arise well before moving day. Planning for these costs early helps avoid last-minute financial pressure and unexpected setbacks.

Myth 4: My conveyancer doesn't need to know where my money comes from.

The truth: Conveyancers must carry out enhanced anti-money-laundering checks and will need detailed evidence of the source of funds. Having bank statements and supporting documents ready can help keep the transaction moving.

Myth 5: A gifted deposit is straightforward and needs no checks.

The truth: A deposit gifted by a family member will require declarations, supporting source of funds evidence and lender approval. Buyers should tell their conveyancer about any gifted funds as early as possible.

Myth 6: A cash purchase means fewer legal checks.

The truth: Buying without a mortgage does not remove the need for identity and source-of-funds checks or investigations into the property's legal title. Cash buyers still need to understand what they are purchasing.

Myth 7: A survey means I don't need conveyancing checks.

The truth: A survey assesses the property's physical condition, while conveyancing examines its legal title, ownership, rights, restrictions and relevant searches. The two processes serve different, complementary purposes.

Myth 8: Conveyancers are the reason every transaction takes so long.

The truth: Property transactions rely on information and action from multiple parties, including buyers, sellers, lenders, estate agents and local authorities. Delays can occur at any stage, and prompt responses and clear communication can help keep matters progressing.

Ms Cooke added: “Conveyancing is detailed work, and cutting corners isn't the answer to reducing delays. Being organised, responding promptly and keeping everyone informed can make a real difference. Buyers and sellers deserve to understand what is happening, why certain checks are necessary and what needs to happen next.”