In the past, when purchasing a property it was necessary to employ the services of a solicitor. Like many other professions, solicitors may specialise and most people only ever use a solicitor when buying or selling their home or when drafting a Will.
In 1985 The Administration Of Justice Act introduced another way to obtain advice when buying or selling property in England & Wales. Namely by using the services of a qualified and certified Licensed Conveyancer.
A qualified Licensed Conveyancer must be over 21 and have passed all the examinations of the Council for Licensed Conveyancers. Many Licensed Conveyancers work for practices of Solicitors although after 3 years in practice they may set up in practice in their own right or in partnership.
A Licensed Conveyancer may advise on the buying and selling of property including drafting contracts for sale, dealing with the Land Registry and Local Authorities and undertaking the conveyancing process on behalf of their client.
Related article:
2 days ago
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
3 days ago
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
19 May 2025
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.
16 May 2025
There are millions of homeowners over the age of 60 who are likely to release money from their homes to pay for their lifestyle during retirement giving those who are 'asset rich but cash poor' a way to live out their retirement the way they wish.