The transfer of property from one party to another involves many legal processes that can be effectively handled by a property solicitor. Therefore, you will need the services of a conveyancing attorney when buying or selling a home.
Other instances that demand the help of a conveyancing solicitor include switching mortgage or transferring ownership.
Sometimes you might be tempted to do the conveyancing job yourself. Still, it is highly discouraged because the process is convoluted. The property is costly. You can’t entertain additional expenses of errors over trivial things like disputes over land boundaries or car packing section.
For this reason, it is prudent to hire a property attorney to carry out the conveyancing work on your behalf. If you want to secure a mortgage, it is a requisite to use a property solicitor.
Why do you need a property solicitor? Here are the reasons
1) Handling of Contracts
A property solicitor is tasked with the essential task of preparing documents that facilitate the transfer of ownership. There are lots of documents that need to be prepared to sell property such as Contract of Sale.
2) For Legal Advice
The attorney will carry out legal work for you and advise you accordingly on thorny issues that demand you to make informed decisions. For instance, this could entail any special terms you intend to set out on the property of sale, or, maybe you want to set forth a particular demand that emanated from property searches, to help safeguard your rights.
All this will remain a pipe dream without the advice of a property attorney.
3) Performing Local Council Searches
When shopping a property, there is a requirement for the seller to reveal to you of specific stuff like flaws on the property, before signing the contract. However, there is no legal requirement compelling the seller to disclose all the information, so searches are essential.
By carrying out local council searches, you will find answers to the questions you might have. A conveyancing attorney will do this for you as you focus on other pertinent issues.
4) Dealing with The Land Registry or Registry of Deeds
Land registry and registry of deeds are the two systems mandated to handle documents of transfer of property. Your attorney is well informed about which of the two is ideal for your case and perform the relevant checks.
5) Transferring Funds to Pay for Your Property
Upon the acceptance of the property offer, a booking deposit is made to the estate agent. Once this is done, the sale information is conveyed to both the buyer’s and seller’s solicitor. Your attorney will then work on to have the deposit on property settled.
The buyer’s and seller’s attorney will then agree on a ‘closing date’ the day that you will occupy the paper. Once this is agreed, the remaining amount must be paid, and related paperwork concluded.
With the help of a property solicitor, you can rest assured of a smooth transfer of ownership.
As from the above, it is evident that a conveyancing solicitor’s role in transferring property ownership from one person to another cannot be underrated. Hence, the need to use a solicitor to carry out legal matters involving property on your behalf.