House conveyancing Ireland

Property Conveyancing in Ireland

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Conveyancing is the legal work involved in the purchase or sale of land or property. A typical Irish conveyance, may take anything from 8 to 12 weeks. In Ireland a solicitor must be qualified and registered with the Incorporated Law Society of Ireland. All practicing solicitors must hold a "practice certificate" issued by the Irish Law Society on an annual basis. Unlike the UK and other EU countries - there are no licensed convyancers. - - so solicitors have a monopoly here.

Charges for conveyancing vary. Many solicitors will charge a fee based on the property value sometimes one and a half percent of the purchase price plus outlays. As house prices rise - the percentage fee can become a bit excessive.
In Ireland there are now some firms offering nationwide conveyancing for a fixed fee. Fixed fees can be around €1200 plus outlays such as searches - these extras can add on as much as €1000 .

Outlays example - on a 350000 house with a mortgage of 300000
Stamp Duty On Mortgage: €300.00
Counterpart Mortgage: €12.70
Assignment Of Life Policy: €12.70
Land Registry Transfer Fee: €500.00
Land Registry Mortgage Fee: €125.00
Copy Folio and File Plan: €25.00
Commissioners' Fees: €10.00
Searches: €70.00

Don't forget the stamp duty on the value of the property too - which in Ireland is one of the highest rates in Ireland.

Most conveyances use the Law Society's standard form of "particulars and conditions of sale". A contract is drawn up which:
a) Deals with Family Home protection Act 1976. Under this Act a spouse cannot sell any property, which is a family home without the consent of the other non-owning spouse.
b) Show the names and addresses of the buyer and seller
c) Shows the purchase price and the deposit
d) Shows the closing date. - the date on which both parties agree the sale should be finalized, the money paid and the deeds and the keys to the property handed exchanged
e) List the documents, which have been shown prior to the contract being signed.

A purchaser who signs the contract without checking all the documents available to them is deemed to have full notice of them and is caught by the consequences of any onerous conditions which may appear on them