Conveyancing is the legal right transfer from one person to another. The process is designed to ensure that the purchaser secures land rights together with all the rights that run with the land, which means the buyer can be notified of any restrictions in advance of purchase.
With an increasing number of online resources available, many people are looking to do the completion themselves. However, it is recommended buyers use a professional conveyancer for any property purchase, as there are a lot of potential pitfalls that must be considered.
How can a professional conveyancer help?
A solicitor for property (Licensed conveyancer or Conveyancing Lawyer) can handle the legal aspects of property transactions for you. They specialize in conveyancing and have a lot of experience and knowledge to utilize that will help them to spot potential problems before they arise. These include:
Issues relating to the boundaries of the property plan
Documents that are not registered properly
Clauses in the contract, including by other parties
potential fraud problems if the transfer of the property is used as a front for illegal transactions
Without an experienced conveyancer to guide you, you may find yourself in trouble. For example, if your property is built on a sewer without your knowledge, water boards may need to destroy your home to get access to the sewer. Well, that’s an extreme example, but it has happened to homeowners in the past. Without experienced conveyancers to advise you, you could buy a property with real problems without your knowledge. Conveyancers also have indemnity insurance that will protect you from financial loss in these circumstances. Contact a site like Conveyancing Solicitors Guildford for more information.
Conveyancing Solicitors Guildford will be obliged by law to hold indemnity insurance in force. It protects you from financial losses in certain conditions such as a broken lease, bureaucratic problems with other lawyers and mortgage companies, a lack of planning permission or building regulations approval, absentee owners and a number of infrastructure issues. Residential conveyancing can be a minefield with the different parties in the process who could have conflicting interests, so using a fully insured conveyancer can protect you from all any awkward circumstances.
Another important point is the fact that all conveyancers are regulated members of the Council of Licensed conveyancers or the Solicitors Regulation Authority. The result of this is that should any problems arise, you will have peace of mind that a legal path of action is available.
As mentioned earlier, conveyancing residential property can be tricky at times, with a large number of complex documents that need to be processed correctly and in the correct order to successfully transfer titles. With all the headaches and anxiety involved with moving, perhaps it is more sensible to leave the complicated procedure of conveyancing to the professionals who have the knowledge, resources and expertis to handle these tasks thoroughly and properly.