Hi People,
Firstly I apologize if this is sounds like stupid question, however I dare myself anyway to ask in this forum.
What’s the difference between those three when I only buy a normal under $400k investment property ?Ask Terry W – he'll be around shortly to answer your question.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
A conveyancer is trained only in property and a bit of legal areas related to property. Lawyers = solicitors and barristers and they are trained much more extensively in property and a much wider area of law.
Sometimes conveyancers are more knowledgeable than lawyers on doing the process of settlement and changing titles etc. This is virtually all they do and they generally get good at it. Some lawyers are good at conveyancing too, some even specialise in just this area. Conveyancers, in NSW anyway, can also act on residential matters, not commercial.
I don't really know to what extent they can give legal advice relating to the purchase – such as owning via joint tenants or tenants in common. They couldn't go into the effects of death and estate planning etc which a lawyer could. They also could advice on potential family law issues surrounding the purchase, or trusts/company issues, revenue issues such as stamp duty they could only briefly cover etc
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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