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What does a conveyancing solicitor do?

A conveyancing solicitor, also known as a property solicitor or conveyancer, is a legal professional who specialises in the area of real estate law. Their primary role is to facilitate the legal process of transferring property ownership from one party to another. This process is known as conveyancing, and it typically involves the purchase or sale of residential or commercial properties.

Here are some of the key tasks and responsibilities of a conveyancing solicitor:

Title Search: The solicitor will conduct a thorough investigation to ensure that the property’s title is clear and free from any legal issues, such as outstanding mortgages, liens, or legal disputes. This is done to ensure that the property can be legally transferred.

Contracts: They prepare, review, and negotiate the legal documents, including contracts of sale, purchase agreements, and other relevant documents, to protect the interests of their clients.

Property Surveys: If necessary, they can arrange for property surveys to ensure the boundaries and condition of the property are accurately documented.

Due Diligence: Conveyancers perform due diligence to identify any potential issues or liabilities related to the property, such as zoning restrictions, environmental concerns, or planning permissions.

Financial Transactions: They manage the financial aspects of the property transaction, including handling the deposit, ensuring the mortgage process is completed, and overseeing the transfer of funds between parties.

Searches: They conduct various searches, including local authority searches, environmental searches, and water and drainage searches, to uncover any potential issues that may affect the property or the transaction.

Land Registry: Conveyancing solicitors ensure that all the necessary documentation is submitted to the relevant land registry to officially transfer the property’s title.

Stamp Duty and Taxes: They calculate and arrange for the payment of any applicable stamp duty and property taxes.

Legal Advice: Throughout the process, they provide legal advice to their clients, helping them understand their rights and obligations, as well as any potential risks or liabilities associated with the property transaction.

Completion: They coordinate the final steps of the transaction, including the exchange of contracts and the transfer of funds, leading to the completion of the sale or purchase.

Post-Completion: After the transaction is completed, they handle the registration of the new ownership with the land registry and provide the necessary legal documentation to their clients.

Conveyancing solicitors play a crucial role in ensuring that property transactions proceed smoothly and legally. Their work helps protect the interests of both buyers and sellers in real estate transactions by ensuring that all legal requirements are met, and potential issues are addressed. Here, at MSR we provide a dedicated solicitor to your property transaction and will make the conveyancing process as seamless as it can be. We pride ourselves with the first class legal knowledge and client care we offer our clients. Use our conveyancing calculator for an instant quote for our services, or contact us for more information.

*This article is not legal advice but provides a general overview. The specific details of your case will determine the best course of action.