If you are selling your home, you should look at getting a conveyancing solicitor. Selling a home involves a lot of paperwork, challenges, and unexpected costs. A conveyance solicitor can help you navigate these hurdles and overcome them in the best way possible. You need to make sure you are selling your home for the best price possible. This is not the time to take shortcuts and hope for the best. You can put your best foot forward with a conveyancing solicitor at your side.
What are conveyancing solicitors?
A conveyancing solicitor is a legal professional and fully qualified solicitor. In England and Wales, all solicitors are registered with the Law Society and regulated by the Solicitors Regulation Authority (SRA.) A conveyancing solicitor will often have legal training in other areas of the law as well.
In the 1980s, the law changed so that licensed conveyancers and fully-qualified solicitors could carry out conveyancing. A licensed conveyancer does not have the same experience, and they operate under the Council for Licensed Conveyancers. When hiring a conveyancer, you should pay attention to whether they are a conveyancing solicitor or licensed conveyancer.
What are they licensed to do?
Both a solicitor and conveyancer can handle your housing contracts, give legal advice, carry out local council searches, transfer money to pay for your property, and deal with Land Registry. Fully-qualified solicitors can offer a much wider range of legal services and are often far more expensive.
Both professionals can ensure the transaction goes through smoothly and legally. They will examine the small details in your contract and define exactly what you are getting with the property. They can carry out local searches and communicate with the seller’s solicitor about a move-in date. A conveyancer keeps the process moving, so you don’t get stuck on any hurdles. Selling a house takes a long time, and you need to be patient.
The differences between buyers and sellers
If you are selling the property, you will need to provide the property’s title deeds to the conveyancer. If you have a mortgage, the conveyancer may need to request the title deeds from the lender.
The conveyancer will run through the property information form with you to make sure everything is correct in the draft contract. They will confer with the buyer’s solicitor and relay any questions from the buyer’s side about the property. They may want certain items to be included in the sale on a different completion date.
If you are buying a property, a conveyancer will help you with the mortgage process. They can work out if you need to pay Stamp Duty Land Tax. They will also carry out searches in the area to make sure the home is what you expected it to be.
There are several steps that your conveyancer will have to go through in the case of buying a property-
i) Searching for the Issues:
Initially, your conveyancer will try to find out whether there is any issue regarding building control, environment, water, or drainage. This information is essential for you and your conveyancer should collect this information by talking to local authorities or other people.
In order to buy the property legally, you should know all the important information. Your conveyancer will inquiry effectively with the solicitor of the other to get the necessary information.
iii) Land Registry:
The land registry helps to gain the new title deed and your conveyancer will help in this process.
iv) Stamp Duty:
If you have the liability of stamp duty, your solicitor will charge a certain amount.
v) Bank Transfers:
In order to ensure the right fund transfer, your conveyancer will carry out the procedure of bank transfer.
vi) Fraud Checks:
When the conveyancer is responsible for the exchange of a handsome amount of money, the conveyancer will check the authenticity of your identity and other parties’ legitimacy. Therefore, you should hire a conveyance solicitor to make the buying or selling process run smoothly.