What does a sellers solicitor have to do?

What does a sellers solicitor have to do?

The primary role of the seller’s solicitor is to provide the information given to them about the property to the buyer’s solicitor and support the seller in obtaining any additional information required. Draft contracts – Your solicitor drafts the initial legal contract to be sent across to the buyer’s solicitor.

Can solicitor act for buyer and seller?

Effectively, no. A conveyancing solicitor can only act for both a buyer and seller in rare circumstances. NEVER where there is a conflict of interest, or a significant risk of conflict, UNLESS it is in the best interests of the clients for a solicitor firm to act for both and the benefits outweigh the risks.

Who is the purchaser’s solicitor?

Purchaser’s Solicitor means the solicitor or notary public, as declared by the Purchaser in section 13.03, who will be acting for the Purchaser to complete this transaction.

What does a solicitor need to sell a house?

Basics first: to sell your house, you’ll need to provide your solicitor with some ID to show you are who you say you are. This is usually proof of your current address, such as a recent utility bill, plus photo identification (e.g. passport or driving license).

What happens on completion day?

What actually happens on completion day? For you, completion day is the day you transfer the money and pick up the keys, but your solicitor or licensed conveyancer is actually confirming the transaction, dealing with paperwork and deeds, and (if you’re the seller) signing off mortgage completion statements.

Can a conveyancer act for both parties UK?

Can both parties use the same conveyancer when buying and selling a house? Yes, most of the time you can use the same conveyancer for buying and selling – provided that certain criteria are met. (These criteria are set to protect both parties from any potential risks associated with using the same lawyer.)

Is a conveyancer a solicitor?

A solicitor or conveyancer will handle all the legal aspects of buying or selling a property for you.

Can both parties use the same conveyancer?

How long does conveyancing take no chain?

How long does conveyancing take with no chain? If there is no chain involved in the buying process, you can normally expect to complete within approximately three months.