There will be lawful costs plus barrel, expenses, enrollment costs and generally Stamp Task where appropriate to pay. Conveyancing is a word to define the legal procedure of moving the title of residential or commercial property from someone to another person. In Scotland, this is typically referred to as the settlement day and as it is unusual for a deposit to be paid to the seller before this factor, the complete purchase price will certainly be payable on this day. Stamp Obligation is a sort of tax you pay when buying a residential property in the UK.