Conveyancing Lawyers
The CMS panel of Conveyancing Lawyers
Conveyancing Lawyers in the United Kingdom means either property solicitors who are governed by the Law Society or Licensed Conveyancers who are governed by the Council of Licensed Conveyancers. Both these organisations are there to protect the public and all such qualified property lawyers / licensed conveyancers must have in place indemnity insurance (usually £2,000,000) in order to protect their clients financially in case of any serious problems which may occur .
Conveyancing law can be quite complicated (especially when dealing with leasehold or commercial property) and it therefore makes sense to use a qualified conveyancer to take care of your property transaction.
If there is a mortgage or other financial legal charge on the property, all mortgage lenders will insist on using qualified conveyancing lawyers who are on their approved legal panel (if not you may need to engage two solicitors which will increase the overall costs).
conveyancing lawyers
CMS have been established for seventeen years providing legal conveyancing services to the general public and also intermediaries such as mortgage brokers and estate agents. The CMS directors have many years of experience of working in the industry and one of them is a qualified Conveyancing Property Lawyer.
All the CMS panel are either registered with the Law Society or the Council for Licensed Conveyancers. Every one must have at least two partners and be on the approved panel of all the major mortgage lenders.
Conveyancing Law
- Agreement of Sale
Once the sale has been agreed your solicitor will obtain your title deeds and ask you to fill in a detailed questionnaire Prepare and send out a package of legal information and a contract for sale. Then request a settlement figure for your mortgage and any other secured loans and liaise with all relevant parties and negotiate a date for moving.
- Exchange of contracts
The legal process up to completion
Once contracts have been exchanged your solicitor will receive the deposit as a down-payment and organise final accounts and prepare a final settlement for your approval. Collect any balance of funds required and approve the deed of transfer and arrange for you to sign it.
- Completion
Your conveyancer will pay off the mortgage upon completion and notify HM Land Registry and hand over the deeds and send any balance of monies to you. Post completion relates to work carried out after the legal completion has taken place and usually includes stamping and sending the title deeds to the building society if appropriate. This concludes the legal process undertaken by conveyancing lawyers.
