What Is The Job Of A Conveyancing Solicitor?
If you’re looking to buy a property, you’ll need to navigate a complex legal process. While you can do this on your own, it’s recommended that you work with a conveyancing solicitor to ensure a smooth transaction. A conveyancing solicitor is responsible for handling the legal aspects of property purchase, from opening a purchase file to exchanging contracts and registering the change of ownership with the Land Registry.
Here’s a closer look at how a conveyancing solicitor can help you through the property purchase process:
Choosing the right solicitor
First, it’s important to find the right conveyancing solicitor. Look for a solicitor who specializes in residential property transactions and has experience in the field. If you’re purchasing a new build property, consider finding a solicitor who specializes in this area as well. Keep in mind that while every solicitor is qualified to handle this work, not all have equal experience.
Starting the conveyancing process
Once you’ve found the right solicitor, you’ll need to instruct them to begin the conveyancing process. Your solicitor will send you a letter outlining the terms of business and charges, and you’ll need to provide them with essential details like your contact information, date of birth, and national insurance number. You’ll also need to provide details about the estate agent you’re working with, whether you require a mortgage, and where the deposit is coming from.
Your solicitor will then get in touch with the seller’s conveyancer to let them know they’ve been instructed to act on your behalf. This is when the paperwork starts flowing. The seller’s conveyancer will send a draft contract and the property’s Title (or “Deeds”), as well as various protocol documents like a seller’s property information form and a fittings and contents form.
Conducting property searches
One of the most important aspects of the conveyancing process is conducting property searches. Your solicitor will perform water, environment, and local authority searches to uncover any potential issues with the property, such as compulsory purchase orders, public rights of way, or flood risks. Your solicitor will review the results of these searches and any other paperwork to make you aware of any issues and raise any questions with the seller’s conveyancer.
Completing the purchase
Once all the paperwork has been signed and the deposit has been paid, your solicitor will start working towards a completion date. When contracts have been exchanged and a date has been agreed upon, the purchase becomes legally binding. Your solicitor will handle registering the change of ownership, paying Stamp Duty Land Tax on your behalf, sending a copy of the title deeds to your mortgage lender, and notifying the freeholder if you’ve bought a leasehold property. Finally, your solicitor will provide you with a bill for their work.
Working with a conveyancing solicitor can help ensure a smooth and stress-free property purchase process. If you’re planning to buy a property, consider reaching out to a trusted conveyancing solicitor like DPH to help guide you through the process. With our expertise, you’ll have peace of mind that your property purchase is in good hands.