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SpinDistribute.com Article Directory

The following article was published in our article directory on March 6, 2012.
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Conveyancing UK: Conveyancers' and Solicitors' Duties

Article Category: Real Estate

Author Name: Lara Ryan

Conveyancing is the transfer of an ownership title of property from an owner to the new owner. This has to be done because all the hindrances that concern the transfer of property must be cleared first.

For instance, the buyer of the property must ensure that the property he is going to buy is really owned by the seller (because if not, he can't get the ownership title). He must know whether there are local issues who will do something that directly or indirectly concerns the property ay hand (e.g. new roads passing through the property). There are plenty of potential problems, and an experienced conveyancing UK solicitor or conveyancer can handle that if you are in the United Kingdom.

NOTE: there is a difference between a conveyancing UK solicitor and a conveyancer. Before 1987, conveyancing is done only by solicitors with training in conveyancing. After that, the title of "Licensed Conveyancer" began existing, and today, both solicitors and conveyancers can facilitate title transfers. However, with conveyancers, the fees can be larger because of the hefty overheads.

What does a conveyancing UK solicitor or licensed conveyancer do? First, it is to ensure to set up dates where transactions will be held between the receiver of the property and the current owner (usually between buyer and seller). The two milestone dates in conveyancing are: (1) the date when the contracts between the two parties will be exchanged and (2) the date when the new property owner will transfer to the property. A conveyancer or a solicitor will guarantee that the two parties agree with these dates.

Another activity that a solicitor or a conveyancer does is to do a search on local authority regarding the property involved. This is crucial as this will determine the eventual success or failure of the property title transfer. Problems may occur, and it is the solicitor's or conveyancer's job to fix them up to ensure that the property title transfer will take place legally.

For example, there could be old paperwork regarding the property title which can lead to the title not being properly registered. The title could even be lost! The property could even be illegal! There could be clauses that former owners of the property could have inserted in documents. There could be boundary issues. There could be ongoing public projects in which the property can get involved, or issues with owners of other private properties (e.g. a path toward the property being sold could be owned by another). The property could even be damaged, and the prospective new owner (or even the seller) hasn't a clue! A solicitor or conveyancer will help in clearing out these issues by resolving them through legal means and by bringing them up to the attention of both parties involved so that both will be able to make the proper decisions.

Could any layperson handle all of these? Not quite. A layperson couldn't understand all the legalities involved in the transfer of property all at once. Furthermore, a buyer or seller of property doesn't have sufficient to go to all the office to gather legal papers required. That is where a conveyancing UK solicitor or licensed conveyancer can help - so be sure to get one whether you need one.

Keywords: conveyancing, cheap conveyancing, conveyancing uk, conveyancing wales, compare conveyancing

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