Conveyancing is described as the transfer of legal title from one person to another. The entire conveyancing process is set up for the buyer to secure the correct title and rights to the desired land. Although there is the option to complete the process without a conveyancing solicitor, we strongly advise against it, as without industry knowledge and experience it can become a very overwhelming experience to try and get right.
What do Conveyancing Solicitors do?
A conveyancing solicitor (also known as a property lawyer or licenced conveyor) has the expertise to handle the legal aspect of the property transaction smoothly. The knowledge and experience dealing with many different types of property transactions so can foresee any potential problems before they arise.
Potential issues can include:
- Paperwork not being completed or registered properly
- Hidden clauses in contracts by the other party
- Issues appearing with the boundaries or plans of the property
- Fraud & money laundering issues
- Issues relating to the property land
Without having an experienced conveyancer, you will not be protected by their indemnity insurance. This prevents financial losses that occur if issues were found with the property such as sewage, water damage etc. Having a professional advise you whether it is a secure sale that should be proceeded with based on their judgement, is invaluable with such an important investment. Should any legal problems arise, you will be confident in knowing you have an expert on hand to take the right action.
The process of buying and moving to a new house is a stressful one, with so many things to consider. When you add to that trying to understand the complex paperwork that needs to be completed to successfully transfer land title, it can become unmanageable.
Enlisting an experiencing conveyancing solicitor at Eddowes, Perry & Osbourne will be the best option to give you a smooth experience. Get in touch with one of our experts for further details.