"A conveyancer is responsible for the preparation and execution of transferring the property."
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Conveyancing is the area of law that is concerned with the transfer of real estate or property. It deals with the specific obligations that need to be satisfied in a contract of sale and is necessary for all property transfer regardless of if you are buying or selling.
A conveyancer is responsible for the preparation and execution of transferring the property. They deal with the verification, lodgement of all legal documents associated with the buying or selling a home. This includes Certificate of Title searches and preparation of legal documents ensuring that the all the rates and taxes on the documents are correct and up to date.
In the UK to work as a licensed conveyancer you must pass the Council for Licensed Conveyancers (CLC) exams. Not all conveyancers are solicitors however, most must hold relevant legal qualifications (a law degree/ Legal Practice Course/ Graduate Diploma in Law (GDL)/Institute of Legal Executives (CILEx)). Both a conveyancer and a and solicitor with the relevant certifications are equally qualified to work in the conveyancing industry and can carry out all the duties required. It is important to check that you are meeting the rules and regulations of the area you are purchasing in.
Stamp duty is a land tax set by the government that is paid when you purchase a property or land over a certain price in England, Wales and Northern Ireland. The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. Charges will differ on the type of purchase, whether you are a first home buyer, the size of your mortgage and the value of the property. You must pay the tax within 30 days of completion.
A certificate of Title is a legal document that identifies the owner or owners of a property. The certificates are created and issued any time a house is bought or sold to legally transfer the ownership of the property. These documents are created by the lawyer or conveyancer outline all the owners and the property details.
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