Confusion over legal terms
A survey by reallymoving.com has shown widespread confusion about conveyancing: the legal process of transferring property ownership.
More than a third (37 per cent) of respondents did not know what the term conveyancing meant. This rises to 57 per cent of those who were renting and half (51 per cent) of adults living with parents. Surprisingly, this also accounts for a quarter (23 per cent) of homeowners who have been through the process.
A quarter of all respondents wrongly believed that a surveyor could carry out the process instead of a conveyancing solicitor.