Conveyancing is the process of legally transferring a property from the seller to the buyer, and the job of a conveyancing solicitor is to make this process as fast, smooth and straightforward as possible. A significant amount of paperwork is involved that needs to be properly understood, and handled in a timely and efficient manner. Both property buyers and sellers, therefore, will normally require legal assistance to drive the conveyancing process towards a successful conclusion.
One of the most important roles of a conveyancing solicitor is to carry out searches to establish information about a property and the local area, as well as any restrictions and other issues affecting the property that the buyer should be aware of. This includes a local authority search to answer a number of questions, such as whether the council is undertaking or planning development work, and whether there are any charges or debts owed on the property.
A conveyancing solicitor will also check whether the title to the property is valid and make the necessary payments (disbursements) to the Land Registry to facilitate the transfer and registration of the title to the property. Another disbursement will be Stamp Duty Land Tax (SDLT), which is payable on the purchase of residential properties in England and Northern Ireland costing more than £250,000.
Property buyers will often need advice on their mortgage requirements, and a conveyancing solicitor can liaise with the mortgage provider to ensure funds are available to complete a transaction on the due date. This completion date will be the day on which the balance of the purchase price is paid, and the buyer is able to collect the keys for the property and move in. The entire conveyancing process up to completion usually takes 8-12 weeks.
Our firm has years of experience helping property buyers in the city of Liverpool and across Merseyside. All conveyancing work is supervised by Louise Nelson who is a conveyancing solicitor in Liverpool with over 40 years’ experience. Louise and her team can provide you with a no obligation immediate quotation based on our transparent fixed fee structure: