A conveyancing solicitor in Cheltenham is a legal professional who is required to draft, or have drafted by someone else, a deed of transfer. This usually occurs when the buyer and seller of property reach an agreement on the final selling price and the transfer of ownership. The total value will then be disclosed on a document called an exchange declaration. Only after this documentation has been signed by both parties is a solicitor able to start drafting deeds for them.
There are also different kinds of solicitors for conveyancing in Clayton– some focus exclusively on residential home transfers, while others may practice insurance-related transfers as well as corporate transactions involving shareholdings, mergers, and acquisitions. Coinciding with the rise of property investment has also been a growth in the volume of action taken by solicitors in transactions involving real estate.
By law, a solicitor who is performing conveyancing duties must be qualified to carry out the work. This means that they undergo at least two years of study on conveyancing law and practice, as well as a minimum number of practical training hours under an approved training provider. The conveyancing solicitor will handle the documents and contracts related to the sale of a property.
Most purchasers also ask their solicitors to accompany them for house viewings, especially if they are inexperienced or have limited knowledge about home features needed. If a potential buyer has special requirements such as an exclusive viewing with no other parties present, most solicitors cater to it. So if you are dealing with some real estate, it's time to call a conveyancing solicitor.