Whether you are selling or buying your home, you'll need to identify and appoint a residential conveyancing solicitor. But what exactly does a residential conveyancing solicitor do and what's conveyancing?
When buying a property, the buyer must be sure that he or she has good ‘title’ to the land that the house sits upon; basically that owner is the actual owner of the house, using their details as the registered owner, with the Land Registry. This means that the seller gets the to sell the house and that we now have no factors that would prevent a home loan being applied for on the house, or a re-sale in the foreseeable future.
Conveyancing answers each one of these questions; the procedure pulls together the transfer of the legal title of the house in one person to another, the granting of a mortgage on the property and conveyancing typically involves two major landmarks in the purchase process; the exchange of contracts where the equitable title passes, and ‘completion’, when the legal title passes from seller to buyer.
Residential conveyancers will make certain you have good title and can arrange the correct contracts after your behalf, to achieve exchange of contracts and ultimately, completion of the purchase or sale.
What you should look for whenever choosing a residential conveyancer?
Moving home can be quite stressful, if you are an initial time buyer, or investing properties at exactly the same time. Take a few of the pressure off by deciding on the best legal team of experienced and qualified residential conveyancers to help support and represent you.
Listed below are our six top methods for choosing a conveyancing:
Ensure that the conveyancing solicitor you select is regulated and insured and gets the appropriate indemnity insurance.
Ideally the conveyancer will contain the Conveyancing Quality Scheme (CQS) accreditation.
Check they may have the experience to attempt a sale or purchase - many solicitors will undertake work but aren’t really conveyancing specialists, whilst many conveyancers aren't fully qualified solicitors.
Check the conveyancer is conveniently located - if that isn’t a concern, are you pleased to communicate with your solicitor via telephone, email or letter?
Always check around to get the solicitors that may offer you the expertise, experience and commitment that you need to aid you throughout the procedure, with all fees and costs highlighted and outlined so you get a specialist, friendly and efficient service all the time.
Source tips from friends and family who've been through the procedure - they’ll have the ability to point you in the right direction.
Setbacks on the way
Investing homes can be considered a frustrating process and there are bound to be setbacks - either minor or major - along the way.
Such setbacks could include:
The vendor (seller) dropping out - this is just bad luck, and incredibly frustrating. You could inquire further for a contribution female legal fees, nevertheless they are under no obligation to pay.
Uncommunicative solicitor - this is stressful.
Being gazumped - when someone else offers to pay more than the offer you’ve had accepted.
The cost increasing when you’re in a chain - you can decide if you want to continue with your purchase.
Problems found throughout a survey.
Difficulty obtaining a mortgage.