Can two parties use the same solicitor?
The same solicitor will not be permitted to act for both parties and each solicitor will have to be separately supervised to ensure that they are not privy to personal information about the other client which they would not normally have access to if the client was represented by a solicitor outside of the firm.
Can a solicitor represent both vendor and purchaser?
Effectively, no. A conveyancing solicitor can only act for both a buyer and seller in rare circumstances. … NEVER where there is a conflict of interest, or a significant risk of conflict, UNLESS it is in the best interests of the clients for a solicitor firm to act for both and the benefits outweigh the risks.
Can a solicitor act for both parties in a transfer of equity?
In the transfer of equity cases where no money is being transferred between the parties, one solicitor can act for both parties; such cases are usually involved transactions between parties who are related by blood, adoption, marriage or living together.
Does a house seller need a solicitor?
If you are, then the owner of the freehold may insist that you use a solicitor or conveyancer for the house sale. … In summary, it is perfectly possible to sell your property without a solicitor – and in some cases, this can be a good option.
Can a law firm represent both parties UK?
NEWS. The SRA have issued new guidance on when a firm can act for both buyer and seller in a conveyancing transaction. To achieve Outcome 3.5 of the Code, you must not act for two or more clients in a related matter if there is a conflict, or a significant risk of a conflict, between the interests of those clients.
Is it better to use a local solicitor for conveyancing?
No. You do not need to use a local conveyancer. In fact, all conveyancing solicitors individually act for clients throughout England & Wales, as the process of conveyancing and land ownership is uniform wherever you are. … Your local conveyancer may still end up not seeing you either.
Can a family member act as your solicitor?
Your attorney could be a family member, a friend, your spouse, partner or civil partner. Alternatively they could be a professional, such as a solicitor.
Can a solicitor act for buyer and lender?
As a conveyancing solicitor, you may be asked to act for: both the buyer and the seller in a property purchase. both the borrower and the lender in the grant of a mortgage.
Can I transfer ownership of my house without a solicitor?
The short answer is yes you can, and we do provide some procedural guidance on what’s involved, such as how to complete a transfer form and what to do when a property owner dies. However, if you are considering doing some DIY conveyancing, it’s very important to be aware of a few things.
Do I need a solicitor to transfer deeds?
Transferring equity, regardless of whether money changes hands, requires a solicitor to make the appropriate changes to the paperwork, and to change the name on the deeds to your property.
Do I need a solicitor to transfer equity?
If an existing part owner of a property (the transferee) is buying the equity owned by another party (the transferor), the transferee will need a conveyancing solicitor. Strictly speaking, the transferor would not need a solicitor.