In UK law, what is conveyancing? In simple English, it is the transferring of ownership of property to another party, or the granting of a right to a third party to take possession of a property. This can involve a number of parties and all parties involved in the transaction must have legal capacity. A conveyance of land can be either private or commercial. In the latter, the owner transfers ownership of the land to a third party, usually a builder or someone else who wishes to develop the land. In the private conveyance of land, the owner is transferred to a limited use of his land, which is not intended for commercial purposes.
In UK law, there are three main types of conveyances: land, buildings and personal property. In land conveyances, the owner of the land will transfer legal title from himself to the buyer of the land or a property. Both of these types of conveyance require a legal transfer from the owner to the receiver. Another type of conveyance is the transfer of land into personal property by way of a lease. The lease will specify exactly what is included in the land for the duration of the lease. For more information on conveyancing and how to Reclaim Stamp Duty, visit sentient SDLT, who can help with how to Reclaim Stamp Duty.
If you are interested in taking on a large number of property transfers yourself, it may be a good idea to get hold of conveyancing forms and contracts. It may also be helpful to have a lawyer to give you advice on the best approach to your particular situation. By using conveyancing forms and contracts, you will save yourself a lot of hassle later on.
