Friday, 24th November 2017
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CONVEYANCER

Conveyancers are specialists in the transferral of real estate in both commercial and residential environments. Combined with their general knowledge of the broad aspects involved, conveyancers will usually specialise in certain more detailed areas of property.

The major areas are:

  • The transfer of legal title or property from one person to another
  • Building insurance
  • Mortgages

The transferral process contains four stages:

  • Advice
  • Research
  • Exchange of contracts (equitable title)
  • Completion (legal title)

On average this process takes approximately 12 weeks. Of course some transactions take less time and other more complicated transferrals can take far longer.

There are a number of factors that can influence and affect timescales:

  • Legal Matters
  • Personal Factors
  • Social Matters (of the surrounding area)
  • Financial Setbacks (of the parties involved)

Whether representing the buyer or the seller, the conveyancer will be close to the project from the beginning and will often be the first point of contact for the client regarding legal matters in relation to real estate.

Initial and extensive research is essential throughout the entire process. Knowledge of titles on the land, associated rights and potential restrictions must all be known and made aware to all parties involved.

Specialists in real estate law with experience can become licensed conveyancers in their own right. However, most will work for private firms that cover many aspects of the law, with real estate being the primary focus of only a few solicitors.

For very large companies that have their own legal teams, a conveyancer may be employed to deal with all legal building matters, including moving premises if necessary.

Conveyancers also work for local and national governments, advising councils on all legal matters with regards to real estate.

Legal conveyancing is a price competitive industry. Both companies and freelancers will be in competition to win business.

Conveyancers usually work within large law firms or the top real estate firms that have their own legal arms. Once qualifying, conveyancers will be advised on those companies who are looking to recruit conveyancer.

The Council for Licenced Conveyancers (CLC) also provides a database of available jobs in conveyancing.