What does a conveyancing solicitor do?
At its simplest conveyancing is the process of transferring title from one party to another. Whether acting for a buyer, seller, landlord, tenant, leaseholder, freeholder, developer or lender the conveyancer will act for their client in ensuring that what a buyer believes they are buying is what they are actually buying: not just the ‘bricks and mortar’, but also the rights needed to enjoy the property fully.
Once the agents have put a buyer and seller together and provisionally agreed the sale price, then it is over to the conveyancer to do the legal work.
Whoever the conveyancer acts for they will be responsible for preparing any or all legal documents, giving legal advice, negotiating the terms of the contract, transfer deed or lease as the case may be, dealing with the transfer of money, compliance with all relevant anti-fraud, anti-money laundering and anti-terrorism funding legislation, raise or answer enquiries of the buyer or seller respectively to ascertain all the information of the property and finally deal with completion and registration of the change of ownership of the property as the case may be.
On a purchase the conveyancer will take instructions from the client to proceed, raise enquires and searches on the property, deal with the mortgage lender’s instructions (which usually align with the buyer’s instructions), confirm the final form of the contract clauses and the transfer deed, report all findings about the property to the client, exchange contracts and complete the matter and finally registering the new owner at the Land Registry including dealing with submission of any Stamp Duty Land Tax payments.
On a sale the conveyancer will prepare the draft contract pack including information form the seller, standard forms (the ‘Protocol’ forms), obtain landlord information if the property is leasehold, deal with enquires of the buyer and finally as per a purchase deal with exchange of contracts and completion including the transfer of funds and redemption of any mortgages form the proceeds of sale.
Usually sales and purchases are linked for a client and the conveyancer will also deal with synchronising these including the transfer of monies. This all usually done on the same day so making it a very busy day on completion day.
But a conveyancer does not just do sales and purchases of properties. Experienced conveyancers deal with all manner of property transactions and law such as drafting of new leases (commercial and residential), lease extensions, leasehold enfranchisement, developer funding, commercial property and land acquisition, acting for landlords to deal with their leasehold matters, adverse possession claims, grant of easements, rights to light and many other legal matters that can affect property in some shape or form.
Conveyancing requires a high degree of property law knowledge, organisation, attention to detail and being able to deal with multiple parties not necessarily always having the same goal. Ultimately it is realising your client’s instructions by completing the transaction as instructed.
Mark Ristic, Senior Conveyancer at Z group.
If you have any questions about conveyancing or any legal services whatsoever, do not hesitate to contact the Z group legal team on 020 8944 1180 or email@example.com. And don’t forget, in addition to our legal services, Z group also provides accountancy and architectural services by qualified and regulated professionals.