Conveyancing is a term that describes the legal transfer of land title deeds, and such is the complexity, there are specialised lawyers called Conveyancing solicitors whose job it is to oversee the legal process of land ownership transfer. There’s a lot more to it than that, and if you’d really like to know about the many roles of a Conveyancing solicitor, here are just a few of the things they specialise in.
If a person wished to purchase some land for a construction project, or anything else, for that matter, they would need the services of a Conveyancing solicitor. The land may or may not have a structure, and that structure might not be required by the new owner, depending on their plans, but the solicitor will handle the legal aspects of the purchase.
Some investors decide to put their capital into real estate, and the buy to let market is a good way to generate an income. The Conveyancing solicitor would be well-versed in the business and would be able to guide the investor through the maze of legal processes that are involved with such a venture. If you wanted to get into the buy to let business and are looking for Dorking lawyers, a simple online search will point you in the right direction.
This is becoming very popular among young people, who find it next to impossible to buy their first home. Pooling your resources together requires a suitable contract to be drawn up, and the solicitor would have experience in shared ownership and could assist with the mortgage application. This form of property purchase is often the only way a group of friends can get onto the property ladder, and the contract would have to be designed around the participants, with all parties in agreement.
Often, a homeowner wishes to release some of the equity they have accrued within the property, and a Conveyancing solicitor can facilitate this, and also advise on the best way to accomplish the task. Ideally, you would already have paid off a majority of the loan, and many people over 50 prefer to release some of the equity in their home, while retaining ownership.
Compulsory Land Purchase
You could be a property owner and suddenly you are informed that your land will be needed for a government project, possibly a new road, or large structure, and in that case, an experienced Conveyancing solicitor would be able to secure you the best possible price and would handle the entire process on your behalf.
Right to Buy Purchases
Sometimes, after a long lease term is over, the renter has the option to buy the property, as this was written into the initial lease agreement. In this case, the Conveyancing solicitor would approach the leaseholder and negotiate terms on behalf of their client.
This specialised form of legal expertise takes the complexity out of real estate purchase, and with many feathers in his hat, the Conveyancing solicitor can handle a range of scenarios.