If you are transferring property to a new owner, then welcome to the property conveyancing solicitor. Most people think of a title of a whole physical property being exchanged, but it can include utilities. The title of a property is transferred through contracts and then through the completion of the process.
The Three Stages
Three stages make up the process of conveyance from the pre-contract to pre-completion to the post-completion. This is where a professional who has a proven track record of effectiveness, timeliness, and accuracy will prove priceless.
The negotiation occurs ahead of the title searches, in the pre-contract portion of the conveyancing. At that point, the solicitor for the seller puts together property information. It takes 10 to 12 weeks in total, but may be a lengthier or shorter process.
The conveyancer has to understand what the client needs with a property or land purchase. The reason is that the individual who is buying the property needs to make sure the title is clear and for a legitimate property that the seller has the right to sell. It means there is a process where the title is examined to ensure the seller is the real owner.
Their role is to post the property with banks and to seek out information about the property by reviewing what local offices have on record. If there are any details about the property or any added costs, they let the client know all about it. They do write the contracts for the property's sale as well.
Licensed Conveyancers are counted among the Commissioners for Oaths. They are appointed by Lord Chancellor and have the power to administer oaths and affidavits.
When the buyer is securing the title, they are also taking on the rights that go with the accompanying land where the titled property is located. At this time the hopeful buyer is engaged in learning about the property and any rules or restrictions.
Training For Conveyancers
The conveyancer's training prepares them to deal with all of the details the work entails for a successful property sale.
The Council for Licensed Conveyancers issues exams and licensing to those 21 and older. The first three years they are under a limited license, holding a full license after that. At that time they can go off on their own and work for themselves or within a partnership.
Whether they have a full license or limited, they have to keep up with their training through certified classes that CLC offers. All of these efforts are to ensure the conveyancers can assure who holds the title and can sell the property. They additionally ensure that the property or land can be handed over with a good title.
The practice of putting all of this time into the title and property contracts and communication is to ensure that the deal can be safely done once the contracts are signed. Look for the most qualified of conveyancer's who stays atop their work to ensure that the process runs smoothly.