Property conveyancing is a complex process and therefore, first time home buyers are recommended to hire the services of an experienced conveyancing solicitor to conduct the process. The conveyancer will ensure that both the seller and the buyer are meeting their respective obligations mentioned in the contract of sale. Legal conveyancing is done in three stages:
Before contract: Before the contract of sale is drawn between the vendor and the purchaser the conveyancer would conduct a thorough search on the property title and its marketability. The conveyancer undertakes the leg work involved in obtaining Land Registration Document or the title deed, liaise between his client and the government offices, obtain legal documents, check certificates, update his client on the legal implications of various documents etc. The conveyancer looks after the legal, administrative and financial processes of title transfer.
Before completion: Drafting the contract of sale, collating various documents to ensure that the title is marketable and the vendor and the buyer are attaining standard during completion of the deal.
After completion: If instructed by the client conveyancer can conduct the financial settlement process on client’s behalf.
Do you need solicitor conveyancing?
Conveyancing requires thorough knowledge of the various aspects of legal implications during property dealing. For a first time homebuyer the process of conveyancing property may seem complex. Even for seasoned property buyers an expert property conveyancer would ensure peace of mind. An experienced conveyancer would undertake the following tasks:
- Taking instructions from client
- Performing title search in establishing legal status of the property
- Checking its marketability
- Searching for any potential issue that might impact the decision to buy and update buyer on their implications
- Preparing homebuyers report on structural, physical and environmental viability of proposed property
- Liaise with seller’s conveyancer to obtain contract
- Collating documents that are required to be signed during the deal
- Drafting contract of sale
- Updating client on various legal expenses during the title transfer process
- Preparing documents for mortgage lending
- Conducting financial settlement
- Making certain disbursement or third-party payment on client’s behalf
Solicitors conveyancing fees
Once you have your proposal accepted you’d need to find a conveyancer to perform the background search process. A conveyancer can be hired through different methods – through personal references, searching online etc. There is no best way to do it since it’s a very personal decision. As there would be certain solicitor conveyancing fees associated you may compare a few quotes before finalizing on one.
Solicitor fees conveyancing vary depending on – locality, timescale, expertise etc. One can now compare quotes online before deciding on one.