What Does A Conveyancer Actually Do?
What does a conveyancer actually do?
You probably already knew the role an estate agent plays in selling and buying property – marketing and advertising the property, accepting and mediating offers, and liaising between the buyer and seller. But why do you need the services of a conveyancer as well, and is it really worth the fee?
1. Drawing up Contracts
If you are selling, your conveyancer will draw up all of the contracts and transfers. If you are buying, then your conveyancer will liaise with the other solicitors to check these contain all of the correct information before giving them to you to sign.
2. Negotiating your terms
Whether you want a quick move or wish to postpone completion for a few months, your solicitor will negotiate your terms to get the best possible outcome for you. Your solicitor is legally obliged to act in your best interests.
3. Checking the property
If you are buying, your solicitor will make all the relevant searches on the property on your behalf. They will be able to advise you on the results of the searches and explain how they could affect the property (so no nasty surprises after you buy the house). If your solicitor’s searches and checks reveal something which could negatively affect the value or the living quality of the property, then they may be able to advise you about whether you should go ahead. They may even be able to help advise you on re-negotiating the price.
4. Get all the relevant information sorted
There are reams of relevant documentation required when buying or selling a house – including planning permissions, Gas Safety certificates, Energy Performance Certificates and FENSA window certification, to name just a few. If you are selling, your solicitor can advise you on all the documents you will need to pass on to the buyer and can even help you get new copies if for any reason you struggle to find them yourself.
If you are buying, your solicitor will make sure you get all the relevant documentation from the seller, so that there are no disputes after the purchase and the safety of the property is guaranteed.
5. Registering your property and getting the title deeds
The process doesn’t stop when you’ve got the keys. Your solicitor will contact the Land Registry and get your name on the title deeds for the property. Although these deeds are now stored electronically, your solicitor will inform you once you have been successfully registered.
6. Deal with any tax
Stamp Duty is required on any purchase of residential property over £125,000. The process of paying Stamp Duty involves a fair amount of administration and must be done by a certain date after the purchase is complete. If you need to pay Stamp Duty, your solicitor will make sure that this is paid on time.
Looking for more advice on Buying and Selling? Call one of our team on 0191 567 7244 for a discussion – it’s free and there’s no obligation to act.