Most people will require the services of a conveyancing solicitor at some point in their lives, and while we are all aware that this kind of lawyer deals with property purchasing, the details of the work involved are often unclear. Whether you are buying or selling real estate, you will need to enlist the help of a conveyancing solicitor, and for those who wish to know what that entails, here is a brief overview.
The Term “Conveyancing”
This means the transfer of property from one owner to another, which might be an individual or a company, which involves several processes and lots of legal documentation. Conveyancing is a complex procedure and best left to the legal experts who only work in that field. A simple online search would give you a website listing of conveyancing solicitors in Bradford.
This involves checking whether the property is affected by government proposals, such as a planned construction project, or if there any outstanding rates due on the property. Whether you are buying or selling, you need to be aware of the current legal status of the said property, and the conveyancing solicitor would investigate this on the client’s behalf.
Legal Document Preparation
The conveyancing solicitor would prepare all documentation for the change of ownership, which must also be certified and stamped by the relevant government departments. An experienced conveyancing lawyer would always inform the client at every stage of the process, and anything untoward would be brought to their attention.
The conveyancing solicitor would be able to liaise with the mortgage lender, and in some cases, can even source a competitive mortgage for the client, if it is required. A buyer would have to show evidence of mortgage approval to the seller’s solicitor, and if you are selling a property, you would also need to know that the buyer has the funds to make the purchase.
The contract of sale would be compiled by the seller’s lawyer and once everything has been agreed, both parties sign the final contract, and once the funds have been transferred, the title deeds can be amended with the new owner’s name. Once everything has been completed, the new owner would receive a transfer date, when the keys would be officially handed over. This contract of sale can be quite complex, as sometimes, furniture and fittings are included in the price, and the contract must be clear in stating the exact details of the sale, which have been agreed by both buyer and seller.
If you are about to upgrade and move to a larger home, there are online conveyancing solicitors who will facilitate the process, and a simple search will reveal the whereabouts of a local law firm that can handle the transaction on your behalf. This allows you to browse without obligation, and once you have found a solicitor that ticks all the right boxes, the process can begin.