Licensed conveyance lawyers help people who are either buying or selling property. Specialist legal advice is required for purchasing or selling business premises, land, hoses or flats. These types of legal jobs specialise of property law and require the right education and experience.
These lawyers are responsible for the correct processing of contracts, mortgages, transfers and leases in property transactions. It is also your responsibility to see to the composition of legal documents integral to the transaction process. You are responsible for explaining the financial implications and advise on legal documents involved in the property sale. Lawyers can represent buyers, sellers or both at the same time.
Day to day tasks can include:
- taking questions from clients
- liaising with clients around fees and terms
- research land deeds and other legal property documents
- helping your clients understand contracts, writing contracts on behalf of clients and negotiating them on your clients’ behalf
- putting together or checking supporting documents, such as the Home Information Pack
- finalising transactions and supervising the signing of contracts
- helping understand transactions in terms of finances
The job includes managing a seller’s property information form, the repayment of related charges and seeing to it that estate agents get their cut.
Representing the buyer includes:
- Pre-contract researching of the property, local authority proposals, leases, easements or covenants, mortgages, land tax, flooding susceptibility or subsidence, or liability for repairs
- receive and manage the mortgaging papers from the lender on behalf of your client
- get the deeds ready for the transaction to go ahead
- receive mortgage funds
- arrange the payment of stamp duty tax and land tax, and the client must be registered with the Land Registry
Conveyancing work is increasingly done with online computer systems.