Conveyancing solicitors do the hard work for you, so you don’t have to. How? A conveyancer deals with the legal aspect of buying and selling property. If conveyancing is the transfer of a legal title or ownership of property or land from one person to another, then you need a fully qualified conveyancer. It takes a team of legal experts to manage the exchange of contracts and completion, as well as carry out research on the property and its owner prior to a formal agreement to buy or sell property or land. Buying and selling property and land falls under legal jurisdictions by which we all need to abide. Unless you’re a qualified solicitor who specialises in conveyancing, how can you be sure you’re within your legal right to buy or sell property? How will you then follow all legal procedures to ensure you’re compliant with legislation?
The law requires that all property and land transactions should be done in writing by way of two copies of the same contract, signed by both parties who keep a copy each. Once signatures on each copy of the contract are validated, then the transaction is complete. You now own your new property or the buyer is the legal owner of the property you’ve just sold. Before the exchange of contracts and completion of purchase take place, your conveyancing solicitor will have the legal right, and in fact legal obligation, to engage in searches with a variety of authorities, including public records and land registration which disclose information such as: the property’s legal owner, who has the right to sell the property and any restrictions affected by the property.
The buyer needs to be fully informed on any land restrictions or those set out by the freeholder as this will affect their decision in buying and even their right to buy. For instance, if it’s a leasehold or a sharing freehold, there might be certain restrictions that will affect the buyer. A solicitor’s conveyancing work will ensure that the buyer is fully informed prior to signing the contract, exchange and completion. The conveyancing process is always complex but that’s in the capable hands of a qualified conveyancer. And the process needn’t be lengthy; it may take 6-8 weeks but it all depends on the stages of the conveyancing process, before the contract and before the completion. There’s no precise time for the conveyancing process, it all depends on what a solicitor finds during searches and also what information is given in order to get to the point of completion fast and efficiently. All the hard work is done by a conveyancing solicitor so you don’t have to worry about your legal obligations. By Sandra Garcao
We’re conveyancing solicitors in London registered with the Lease Advisory Service and would love to hear from you, whether you’re thinking of buying or selling property or land. Please give us a call, your first consultation will be free without any commitments or obligations.
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