Because of the cost involved there are people who prefer to do the conveyancing themselves when buying a property, and while this may be feasible for someone with at least a smattering of knowledge of the law in this respect, it is certainly a risky procedure for most prospective purchasers.
Just think of all the processes which are involved – drawing up and assessing contracts; conducting local searches; dealing with the Land Registry; managing stamp duty charges and payments; managing the collection and transfer of funds.
Still thinking of going it alone?
What it costs to hire a solicitor is well worth it when you consider all the hassle you might otherwise have to contend with, and remember a solicitor is aware of all the legal aspects and can therefore, with the benefit of his knowledge and experience, can offer you advice and recommendations.
So, you might well ask, what are the costs with regards to conveyancing solicitors?
Well, they can range from £500 to £1,500 depending on the work involved and the value of the property. A solicitor will also charge extra for any additional costs incurred during the transaction.
However, do not make the mistake of always opting for the cheapest quote. Think very carefully and consider all the factors. It might well be worth while paying a little bit more for a better service.
Make sure that the conveyancing solicitor you are considering is not over-worked or not fully qualified. Also try to find one you feel you can trust; one who takes time to explain every little detail. The best way of finding the right solicitor is through recommendation.
The majority of dealings can be done over the phone or by e-mail and in some cases you can track the progress of your transaction on line.
If you prefer to meet face to face then you should hire a firm near you so that you can pop in to see them whenever it is mutually convenient.