What is a conveyancing solicitor and do you need one?2018-09-25T17:56:32+13:00

What is a conveyancing solicitor and do you need one?

Do I need a conveyancing solicitor for my house purchase? What will a conveyancing solicitor do for me and where can I find one? Our conveyancing specialist at Quay Law provides answers to these questions.

So, you’ve been searching high and low for your dream home – and you’ve found it! And been lucky enough to secure it too. But now begins the process of taking legal ownership of it – a process that is known as ‘conveyancing’.

In other words, conveyancing is the legal process that transfers ownership of land or property from one person or entity to another. In fact, one of the first questions you’ll probably be asked when you put in an offer on a property is the name and contact details of your conveyancing solicitor or conveyancing lawyer. That’s because you need a legal professional to deal with the legal process.

What is conveyancing solicitor?

Conveyancing involves changing ownership on a property’s Certificate of Title, registering a mortgage (for buyers) or discharging a mortgage (for sellers), and transferring cleared funds from the buyer to the seller. While that might sound simple enough, there’s actually a whole heap of paperwork, legal paperwork, that needs to happen behind the scenes before everything is done and dusted to everyone’s satisfaction. And it needs to happen correctly, otherwise it could even cause the property purchase or sale to fall through.

Given how important it is to ensure all this legal paperwork is completed correctly and on time, having an efficient and communicative conveyancing solicitor on your side will make the whole process far easier and a lot less stressful. Your Auckland conveyancing solicitors at Remuera law firm Quay Law are also fully qualified lawyers with extensive training in many aspects of the law, not just property law, which can be very handy if, during the conveyancing process, any other legal issues pop up.

Why do I need a conveyancing solicitor?

Conveyancing is never just a simple buy-sell transaction. Instead, conveyancing involves a complex web of relationships, each with their own special requirements, which have to be satisfied before the property purchase or sale can be successfully concluded.

This web of relationships involves parties such as the respective banks of the seller and buyer, their mortgage brokers and insurers, their estate agents, the local authorities and possibly even body corporates – all with their individual requirements. It’s the job of the conveyancing lawyer to manage all these relationships and ensure that each party’s requirements are met before the transaction can be completed.

Your Quay Law conveyancing solicitor in Auckland will handle all the legal aspects of buying or selling a property for you, from dealing with the purchase and sale contracts and doing local council searches to liaising with the banks and transferring the funds to pay for the property.

Conveyancing solicitor for your home purchase

Why not engaging a conveyancing solicitor could be a costly mistake

As much of the activity involved in the conveyancing process goes on behind the scenes, some buyers and sellers have wrongly concluded that the conveyancing process is not as complex as it’s made out to be. As a result of this misconception, they’ve tried to do it themselves without engaging the services of a conveyancing solicitor.

Unfortunately, when things go wrong in conveyancing, they go wrong big-time and tend to have a domino effect across the web of relationships we’ve mentioned. Fixing these mistakes usually incurs a hefty price.

Where to find an Auckland conveyancing solicitor?

When you think that buying or selling a property, such as a home, could possibly be the single-biggest financial transaction you’ll ever make, doesn’t it make sense to do everything possible to ensure the process goes without any hiccups? It stands to reason then that you’d want to get legal advice early in the process and avoid taking on any unnecessary risks in an effort to save a few dollars. Taking shortcuts simply isn’t worth it!

Your conveyancing lawyers at Quay Law are fully qualified and experienced in all aspects of conveyancing. In fact, we pride ourselves on taking the stress out of your property purchase by managing your property transaction for you from start to finish – and we’ll keep you fully informed of what’s happening throughout the process.

Consult your conveyancing solicitor ASAP

If you’re in the process of buying or selling a property, don’t hesitate to get in contact with your Remuera conveyancing solicitors at Auckland law firm Quay Law for advice to make sure you are doing all the right things in your property transaction. We’re a team of Auckland solicitors who specialise in making your property transaction go as smoothly as possible for you, so get in touch with us today.

Contact a Property and Conveyancing Solicitor

Recent News

Our legal tips are provided by the Remuera, Auckland property lawyers and conveyancing specialists at Quay Law (New Zealand).  These articles cover a range of legal topics and news worthy articles.

    A Conveyancing Quote for Buying, Selling or Refinancing a NZ Property

    Need a conveyancing quote?

    We Kiwis love the idea of owning our own homes, which is probably one of the main reasons why our property market is such a hotly contested one, as people at all stages in life jostle for a place on the property ladder.  In most of our cases, our homes will likely be our single most expensive asset – in fact, the purchase or sale of a residential property is probably the biggest, most important financial transaction most of us will ever make.

    A Conveyancing Quote for your NZ Property Transaction

    Our conveyancing lawyers at Auckland law firm, Quay Law have put together a guide to support you on this journey to buying or selling property in New Zealand.

    Quay Law’s e-book / guide to buying or selling property in New Zealand.

    To instantly get our free, no-obligation conveyancing quote.

    Our expert conveyancing solicitors can organise conveyancing for buying, selling and refinancing your property. Our lawyers are equipped to make the conveyancing process simple and guide you to a happy solution in an otherwise complicated field.

    If at any point of the quote process you experience difficulties or would like to speak with one of our conveyancers, please call us on 09 523 2408 or contact us online.

    No matter your call, we welcome your questions.

    DISCLAIMER: This article, e-book and video was written / created out of interest from a non-professional standpoint and does not represent legal or financial advice.

    Our Auckland lawyers  invite you to contact us for your conveyancing quote today.

    GET OUR FREE, NO-OBLIGATION CONVEYANCING QUOTE HERE

      Best Conveyancing Lawyer For Me In Today’s World: What Is Right For Me?

      Best Conveyancing Lawyer For Me?

      There are many factors to the selling, buying and refinancing of a property that cause far more trouble than you should have to face alone. A conveyance lawyer will protect you through the thick and thin of your property transaction.

      Which is the best conveyancing lawyer for me?

      “Conveyancing lawyer for me” – what does this really mean? We know that the Auckland housing market today is a touchy subject for most young homeowners-to-be. With ever-changing interest rates and many prime property purchase opportunities being snapped up faster than some of us can keep up with, home ownership can be a looming prospect for Aucklanders to face. As if this wasn’t a stressful enough situation to consider, there are many underlying factors to the selling, buying and refinancing of a property that are often overlooked, and eventually cause far more trouble than you should have to face alone. A severely underrated asset to your arsenal is the conveyance lawyer – a member of your team that is devoted to seeing that the needs and wants of all parties are met. Above all, a conveyancing lawyer ensures that the undertakings of all parties are upheld and met to the best of their ability. With all of these factors to consider, the question of “which is the best conveyancing lawyer for me” springs to mind.

      We want to assure you that no matter the interest rates you face, or how drastically the rate of property sales in Auckland fluctuate, we will be here to assist you for all your property buying, selling and refinancing obligations. As the oath keeper, you can rest assured that when working with our conveyance lawyers, all of your needs will be met with enthusiasm and remarkable results.

      Give our conveyancing lawyers a call today for all of your property selling, buying and refinancing needs.

      Contact Your Conveyancing Lawyer in Auckland

        Shared Homeownership Scheme: What It Means For First Home Buyers

        You might have seen the recent announcement by BNZ about their new shared homeownership scheme. So, what exactly is it and what does it mean for people who are keen to take their first step onto the property ladder? As an Auckland lawfirm specialising in property law and conveyancing, here’s our take:

        BNZ Shared Homeownership Scheme – The Details

        The BNZ shared home ownership scheme is not dissimilar to homebuying schemes which have been run in the UK and Ireland with success for a number of years.

        In summary, a first-time buyer teams up with an equity investor to co-purchase a house. The buyer invests what they can afford, with the co-investor (in this case YouOwn) investing the remainder to bring the total equity to 20%.

        The buyer then services the loan on their share of the property, as well as paying an “interest” charge to their co-investor, with the eventual aim to buy them out and own 100% of the house.

        Shared Homes Scheme – The Benefits

        • It allows you to get a foothold on the property ladder – you put up a deposit that you can afford (minimum 5%).
        • You can start to increase the % ownership you have in the property after 5 years, with no set timeframe to achieve full ownership of the house.

        Shared Ownership – Things to Consider

        • This scheme is aimed at buyers with a household income of minimum $120,000 given the price of the eligible homes.
        • It only applies to certain Auckland new-build homes at the present time.
        • As well as your mortgage repayments you pay a separate charge on the equity investment by YouOwn.
        • You’re responsible for all ownership costs such as insurance, rates and maintenance of the house.
        • You won’t be able to sell your house without agreement from the equity co-investor, although you may be able to rent it out if your circumstances change.

        As Auckland lawyers, we consider the BNZ co-ownership scheme to be an interesting new way to get on the housing ladder for first-time buyers. However, it always pays to do your research and to consider all legal aspects to ensure that it’s the right choice for you.

        Here at Quay Law, as property lawyers and conveyancers we’d be happy to help you discover if the shared homeownership scheme is right for your circumstances. If you’re looking for a lawfirm in Auckland to help with selling, purchasing or financing a home, get in touch with Quay Law today.

        Contact Your Conveyancing Lawyer in Auckland

        We are lawyers in Auckland, who provide practical legal services and conveyancing to a diverse range of New Zealand and overseas client needs. Centrally located in Remuera, Auckland, we look forward to working with you.

        Contact your approachable auckland lawyer

        Some common forms of property ownership in New Zealand are included below.

        This represents a form of freehold ownership and in essence represents absolute ownership of the property.  Still have questions?  Please connect with our conveyancing lawyers for a no obligation discussion.
        This is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Until the end of the lease period the leaseholder has the right to remain in occupation as an assured tenant paying an agreed rent to the owner.  If you still have questions, don’t hesitate to be in touch with our Auckland conveyancing lawyers.
        This is a hybrid form of multi-unit tenure in which each owner has an undivided share of the underlying freehold as tenants in common, and is granted a registered leasehold estate of the particular unit or flat occupied. Effectively the property owners share ownership of the land and each owner leases their building from the other owners, which together form the cross lease title.  If you still have questions, don’t hesitate to be in touch with our conveyancing lawyers.
        Under the Unit Titles Act 1972 the deposit of a unit plan has the effect of creating in each unit (usually multi-unit dwellings, shops, offices or industrial premises) a new kind of statutory estate called a stratum estate in freehold, or a stratum estate in leasehold, depending on whether the land which was subdivided into units was freehold or leasehold. Still have unanswered questions?  For a no obligation discussion, call a conveyancing lawyer.

        Our Auckland lawyers are able to provide you with a conveyancing fee quote and have assist many families with their loan | refinancing requirements.

        “Do things that make you happy within the confines of the legal system.”
        ― Ellen DeGeneres, Seriously… I’m Kidding
        Anonymous • Quote of the Day
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