Know The Benefits Of Using A Conveyancing Solicitor

By Author: Grant Saw Solicitors LLP
Total Articles: 22
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When buying and selling a property, you will deal with numerous professionals from real estate agents to surveyors, mortgage advisors and lenders to conveyancing solicitors. Buying a property is the most expensive purchase you will ever make, so it's important you have a good understanding of the roles of the professionals, along with the sales process. If you enter the process without adequate knowledge, it can lead to potential delays and potentially additional costs.

Real estate agents' and mortgage lenders’ roles are self-explanatory. Each should define their responsibilities to you upfront. Confusion is often identified when finding a conveyancing solicitor to handle the legal side of the purchase. You choose your own conveyancing solicitor that works on your behalf, dealing with the seller’s conveyancing solicitor.

It's important to note that there are some differences between conveyancers and conveyancing solicitors. If you choose a solicitor, ensure they are conveyancing solicitors, as not all solicitors are trained in property law. Conveyancing is the legal process of transferring a property from one ...
... owner to the next. A licensed conveyancer is trained and qualified only for property transfers; they are not solicitors.

Conveyancers can handle the transaction, based on the offer to purchase and any legal aspects arising during the transfer process. They sometimes need to source the help of a conveyancing solicitor that has experience in a particular legal area.

There are many benefits to choosing a conveyancing solicitor to handle the sales process, with the first being that they are trained on all the legal aspects of the transfer. They have a broad knowledge of other legal processes with access to legal advice from professional practices and networks. They are invaluable in complex transactions and dealing with any issues that may arise during the property purchase.

If you are buying a new property and selling your existing property at the same time, using a conveyancing solicitor makes sense. They can handle both transactions on your behalf. Note this is not a legal requirement, but it will help the process go smoothly.

Conveyancing solicitors deal with all the aspects of the sale or purchase of a property, focusing on contracts, property searches and completion. They will study the drafted contract in detail, highlighting areas they want to investigate further whether you are buying a freehold or leasehold property.

There are a number of things about a property that may not be made public when it is advertised. The conveyancing solicitor will conduct thorough searches, such as title deed searches and in some instances, mining searches. This can highlight if there is an area that does not have planning permission, which has not been disclosed to you before you made your offer to purchase.

Once completed, the conveyancing solicitor finalises the process of the exchanging of deeds, paying any stamp duties payable and ensuring the change of ownership is registered with the registrar of deeds or land registry.

It is entirely up to you if you choose to use a conveyancer or conveyancing solicitor, there is no right or wrong here. You do need to realise that conveyancers are knowledgeable about the transfer process, but sometimes have to call in a property solicitor to assist with certain details, which can increase your cost. Using the solicitor from the start can speed up the transfer process and save you money in the long run.

About Us:

Grant Saw Solicitors LLP is a London based firm of solicitors that caters to private and business clients. The firm has been operating since 1851 offering legal excellence and a modern and friendly approach. They are recognised for their excellence with numerous accreditations. Being members of LawNet, they share ideas and resources. Grant Saw Solicitors LLP are based in Blackheath and Greenwich, both offering disabled access. Their extensive range of legal services ranges from tenant and landlord disputes to residential property transfer, commercial property, insolvency, employment, and dispute resolution. Full details can be found at https://grantsaw.com.