Even if you’re well versed in residential property, its related laws and bureaucratic processes, chances are conveyancing is still a mystery. Choosing to work with an expert conveyancing solicitor will ensure that your conveyance albeit a sale or purchase of both will be dealt with efficiently. Given the high-value stakes involved in buying and selling a home, it’s best to put your interests in the safe hands of an expert.
To understand the value that a conveyancing solicitor can bring you, in this article we outline exactly what their roles and functions are, and why they’re beneficial to you.
What Is Conveyancing?
Conveyancing refers to the specific area of law that covers the legalities of moving house. Essentially, conveyancing is the law that governs the transfer of ownership of a property from the seller to the buyer. Conveyancing is a core part of facilitating the sale of a property and you can’t complete the sale without it.
What Is A Conveyancing Solicitor?
A conveyancing solicitor is, as their title suggests, a specialist in the area of conveyancing law. This means they are experts when it comes to residential law. A conveyancing solicitor can act for either the buyer or the seller in a residential property sale. They are a key facilitator throughout the sale and purchase of a property, acting as a go-between that handles all communications and ensures that everything is in order.
What Does A Conveyancing Solicitor Do?
A conveyancing solicitor’s role is multi-faceted and variable, depending on which party they are representing.
Generally speaking, conveyancing solicitors carry out a substantial amount of legal due diligence with some administrative and liaison work to ensure that the transfer of ownership of the property in question is carried out smoothly and accurately.
A conveyancing solicitor ensures that all the moving parts involved in conveyancing are aligned and progressing as they should. They will facilitate a number of processes such as payment, whilst also preparing key pieces of documentation. They are also a fundamental source of support throughout what can be a very confusing and complex process.
Here is a brief outline of what a conveyancing solicitor does depending on who they are representing:
Conveyancing solicitor for buyer
Liaise with their client and keep them updated
Communicate with seller’s solicitor & mortgage broker (where relevant)
Dealing with the mortgage for the purchase (where applicable)
Review contracts and advise the buyer
Organise property searches
Send inquiries to seller’s solicitor
Coordinate payments
Facilitate exchange of contracts & completion
File and pay stamp duty
Complete land registry registration
Conveyancing solicitor for seller
Liaise with their client and keep them updated
Communicate with buyer’s solicitor
Receive payments from buyer’s solicitor
Organise payment of mortgage where relevant
Facilitate exchange of contracts & completion
Advise on key paperwork and documentation
Gather any relevant documents from the seller regarding their property
Compile and draft contracts
Redeeming the mortgage (where applicable)
How to choose a good conveyancing solicitor?
Buying or selling a property is already a stressful process. Hence why instructing an expert solicitor will take the stress off your shoulders as much as possible.
Our dedicated conveyancing team offers expert advice and support throughout the sale or purchase of your home at a transparent and fair price. So you don’t need to break the bank to get the legal support that you deserve.
Get in touch to find out how we can help.
Frequently asked questions
Can The Same Solicitor Act For Buyer And Seller in The Uk?
No, the same solicitor cannot work for both the buyer and seller. You will have to seek separate representation even if you both agree you want to share the same solicitor.
What is conveyancing?
Conveyancing refers to the process in which the ownership of a property is transferred from the seller to the buyer. It also refers to a specific area of residential property law.