Solicitors will check searches and property certificates
Conveyancing is carried out by a professional and involves the transfer of a property’s legal title. The process begins when the offer on a house is accepted and is completed when the buyer receives the keys. It’s in place to ensure the buyer is aware of any restrictions before the purchase is complete and involves carrying out necessary checks involved in buying or remortgaging. The role of conveyancing solicitors in a buying and selling process is paramount and he or she has a number of roles to play.
The solicitor will check the title to ensure that the person selling the property does in fact legitimately own it and is entitled to sell it to you. This often involves a detailed study of title documents, which requires experience and the knowledge of a lawyer.
The solicitor will also check searches and property certificates that the vendor will provide, as well as ensuring that all work carried out to the property has planning permission and Building Control approval.
The solicitor’s remit also extends to dealing with and resolving problems and this could include liaising with the seller’s legal representative, negotiating where appropriate, and keeping the buyer informed of any developments. Liaising with the buyer’s mortgage advisor and checking the offer and the legal requirements of the lender also form part of the role of the conveyancing solicitor in a property purchase.
If you are moving you will require a solicitor
If you’re thinking of selling and moving on, you will require the services of a solicitor. Firms such as https://www.samconveyancing.co.uk/ will be happy to help with the legal work involved in the process.
According to https://www.ftadviser.com/mortgages/2019/01/15/homebuyers-feel-blindsided-by-transaction-costs/, 32 percent of British homebuyers chose their property solicitor based on the recommendation of an estate agent. And 19 percent of homebuyers picked a solicitor with an easy to find online presence.
Your solicitor will also advise of the terms of the purchase contract and set up the completion date – that is the date when the keys are handed over. The solicitor will also deal with finance arrangements on completion.
After completion, the solicitor will complete any Stamp Duty Land Tax return to HMRC, as well as making the application to the Land Registry, so that ownership is correctly registered.