Guest Post: Choose Your Conveyancer Wisely

Choose Your Conveyancer Wisely
Denver Burke

Buying or selling a home can certainly be difficult, and enlisting the help of a conveyancer can be quite a nerve-racking experience. Solicitors are all qualified to transfer ownership titles, but it’s always best to enlist the help of a specialist. High standard conveyancers carry a kitemark logo and are authorised by the Council for Licensed Conveyancers.

What Do Conveyancers Do?

A conveyancer’s job is to undertake important research on the property, to ensure that the local authorities have no existing plans for your property and that there are no liabilities, such as sewers running close to the home.

Conveyancers should also advise you about the myriad costs involved in property purchasing and selling. They should also ensure that your mortgage lender has all the relevant information and oversee any necessary payments. Contracts will be checked by your conveyance – and where necessary – drafted up, when the property has been purchased.

And, of course, register you with the Land Registry.

How Do You Choose A Conveyancer?

You should always have a conveyancer on board before you decide to sell. It may help to employ your solicitor alongside your mortgage lender – it could work out cheaper and some lenders only work with trusted solicitors anyway, so it simplifies the process for everyone (blame the credit crunch). If you choose a good mortgage lender, you can be sure the solicitors will be of high quality also, and have been tried and tested.

Of course, you can always use a solicitor of your choice, but you may be charged by your lender for this, or asked to go elsewhere!

Alternatively, you can use an online conveyance. He or she should be a conduit and will let you check your progress online through emails and texts. Of course, you will need to be technologically savvy to make the most of this service.

The Money

Only go with conveyancers that will disclose their charges from the very beginning, so you get no nasty surprises down the line. Expect to be charged for time, telephone/internet charges, indemnity fees, letters, and contingency fees. Plus, anything legal like Land Registry and council fees.

The price of the property transfer usually depends on how expensive your home is; even if no more effort goes into processing a £100,000 property or a £1,000,000 one, you still have to pay more. According to reallymoving.com, the average cost of conveyancing is £850, so factor this into your home-moving budget.

Due to the competitive market, there are now fixed-rate deals available. Some also offer no-completion, no-fee deals, if the selling and buying process collapses. Most cost-effective options come from national chains, so make sure you start there, if you’re looking for a deal on conveyancing solicitors. The downside of going this way, however, is limited personal interaction.

It’s inadvisable, although possible, to conduct your own conveyancing. You will save yourself a lot of time and stress by hiring a professional.

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