Conveyancing is an important factor in real estate – whether you buy or sell the property. Hence, the role a conveyancing solicitor plays in transferring real estate legal title and granting mortgage or lien (also known as an encumbrance), can not be overstated. These solicitors protect the rights of real property clients during conveyancing transactions and ensure that they meet all legal obligations. There are two stages of such transactions: contract exchange and completion.
A professional solicitorâ€™s scope of work exceeds just paperwork – it is understandable if you thought otherwise. Their activities include arranging property searches, transferring title deeds, and providing expert legal advice to clients.
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The Role Of Conveyancing Solicitors
A licensed conveyancing solicitor is highly trained and qualified to handle different conveyancing processes on behalf of the client. They are also versed in other aspects of Law. These solicitors come in handy when dealing with legal matters while conducting a real estate transaction. Several regulators that govern these professionals, based on the country.
In Scotland, the Law Society of Scotland oversees conveyancing solicitors, whereas in England and Wales, the Solicitors Regulation Authority (SRA) govern these professional solicitors.
Why You Need Them
Conveyancing solicitors undertake different tasks, depending on the type of client they work with – buyer, seller, or both. In summary, they ensure that the conveyancing transaction is completed smoothly and legally. You can contact conveyancing solicitors in Stourbridge (KingsGuard Legal, located at The Manse, 33 New Rd, Stourbridge DY8 1PA, 01384-918898) for your real estate needs. They oversee the process from start to finish and provide answers to your questions and concerns.
The Primary Stages Of Conveyancing
The conveyancing process kicks off the moment you accept the property offer as a buyer. But, bear in mind that there is no legal binding in just accepting an offer. Contracts must be exchanged for the transaction to be legally binding. Such processes have a duration ranging from 8 to 12 weeks.
When Selling A Property
As a seller, it is important to contact a certified conveyance solicitor, who will request from you the real estateâ€™s title deeds – a set of legal documents you may hold as the propertyâ€™s rightful owner or lodge with a property solicitor. On the other hand, if you have a mortgage, then these deeds will be in the custody of your lender, which will be requested by the conveyance solicitor.
Once retrieved, you will be required to cross-check and verify the information title deedâ€™s information. Your conveyancer handles all queries from the buyerâ€™s solicitor in regard to the property.
When Buying A Property
When buying a property, your certified conveyancer will liaise with your mortgage lender on factors like Stamp Duty Land Tax and property searches. The solicitor will provide you with information concerning legal matters and ascertain your property acquisition.
Hiring A Conveyancer
Licensed conveyancers and conveyancing solicitors are experienced in handling the conveyancing process of a newly acquired property. They are your go-to for legal advice on property transactions and other real estate matters. We have made it easy for you to reach out to an ideal conveyance solicitor; kindly check out the link listed above.
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