Whether you are buying or selling, conveyancing is a necessary part of the process. But what is it?
Basically, it is the legal process of transferring property ownership from one person to another.
In the majority of cases, this work is undertaken by a solicitor or licenced conveyancer. There are differing views on whether it’s best to use a solicitor or a conveyancer, but it all comes down to how good the people are you are dealing with.
Solicitors can deal with a whole host of legal queries during their day-to-day role whereas a conveyancer only deals with property transactions so, in theory, they could be better placed to provide this service on your behalf.
You can’t beat a recommendation. If someone else has had a good experience then there’s a good chance you will too so, ask your friends, relatives and colleagues and see if they can give you a good start.
However you choose your conveyancer, there are a couple of things you should consider:
Once you have decided which option suits you best, get some quotes and compare services and prices. Remember to keep things in perspective when comparing quotes. You will be buying a property worth hundreds of thousands of pounds, so don’t let a few hundred pounds get in the way of securing your dream home.
The sooner the better, but definitely before you find a property you want to buy.
It isn’t unusual for a seller to leave their property on the market until the estate agent has proof of how you intend to finance the purchase (normally a mortgage agreement in principal), and details of which solicitor you are using.
If you delay in providing those details to the agent, another buyer could legitimately sneak in and secure the property while you are trying to sort out who to represent you. So, if you haven’t already done so, start your enquiries today.
If you would like to know how much you need to budget for conveyancing services, we can tell you – right now!
First, complete the brief details below. Then fill in the information on the following page about the property you wish to buy and/or sell and we will give you an immediate, free, personalised, no-obligation quote.