Property Conveyancing Guide
Property conveyancing by law, has to be undertaken by property solicitor or licensed conveyancer. One lawyer is legally unable to act on both sides of the transaction, as this would create a conflict of interest, so both parties must have their own separate representation. Is there a difference between a Licensed Conveyancer and a Solicitor? Property Solicitors are regulated by the Law Society and normally practice all areas of law, including conveyancing.Licensed Conveyancers are regulated by the Council for Licensed Conveyancers and specialise only in conveyancing. Most Licensed Conveyancers are Solicitors who have converted to Licensed Conveyancer status.The processes and consumer protection standards are the same for either type of firm. Essentially the conveyancer is acting on behalf of either the buyer or seller and representing their interests in the property purchase or sale. Their job is to ensure that the terms and conditions of the contract for sale are fair and reasonable and that all of the financial information is correct. What they actually do during the process differs depending on which side of the transaction they are on. Essentially though they both provide exactly the same conveyancing services.