Buying or selling a house is one of the most important and sentimental transactions anyone ever makes.
Theoretically, a property deal may seem straightforward. It is simply signing contracts, delivering transfer deeds and handing over keys, right? Wrong!
After starting my first seat in residential conveyancing here at Taylor&Emmet, I was struck and inspired by the amount of intricate and skilled legal work the solicitors and conveyancers do behind each transaction – for both sales and purchases.
Let’s start with a sale. During my time in law school, I was taught this generally consists of drafting contracts, contacting lenders to discharge mortgages, answering enquiries about the property, exchanging contracts and eventually completing, at which point the money is received and keys are released.
Now it has become evident that each one of these stages requires thorough precision, detailed analysis and technical ability. For example, when drafting a contract, a discrepancy in a Land Registry official copy may mean you have to request additional documents, such as a Grant of Probate or marriage/death certificate. Analysing an official copy may also reveal a charge over a property of which the client is unaware. This results in a new lender having to be contacted to provide a redemption figure and subsequently redeeming that charge.
Equally, purchasing a property needs attention to detail and skill beyond what is evident on paper. You will be analysing leases, deeds and conveyances to see if there are any restrictive covenants that will disadvantage your client and reviewing results from various authorities.
A conveyancer not only aims to achieve their client’s goal to purchase a property, but also strives to ensure the client will be content with their purchase. This is done by raising enquiries and negotiating indemnity policies when replies are unsatisfactory.
Having followed a transaction from start to finish, I relished completing all these tasks, whilst simultaneously ensuring clients were updated promptly. I found it incredibly rewarding to play an integral part in a brilliant team, that would be delivering, arguably, the most important transaction in a client’s life. Particularly when I received positive feedback!
I thoroughly enjoyed my time in conveyancing and received fantastic training. Through my supervisor’s guidance, I developed a multitude of technical skills and abilities that are applicable in many different areas of law.
Whether you have an interest in personal or business legal services (or you simply don’t know!), I strongly recommend any prospective trainee undertakes this seat. It provides you with a strong foundation for your property knowledge that can be applied across various disciplines, including commercial property and property litigation.