The professionals required during the buying process:
Having a property conveyancer or solicitor is required every time you buy a property, however the one that suits you best will depend on your current situation. A property conveyancer will assist transferring the ownership of the property, such as dealing with the land registry, dealing with contracts, providing legal advice on the subject, transferring money, stamp duty charges, and are experts in the field of property law. A solicitor will also do these listed duties but can assist with more general legal advice as well.
Choosing between a conveyancer or solicitor:
Although not the most exciting part of buying a property, choosing the correct solicitor or conveyancer is a crucial part of the process. If you believe there is anything slightly unique about your individual property purchase, such as if you plan to have a joint ownership, you would like to pass the property on in the event of your passing, or the fact it’s a repossession you bought from a lender, it may be necessary for you to hire a solicitor instead of a conveyancer. If you decide to proceed with a solicitor in anticipation you may need legal advice, it’s then important to ensure you go to a law firm that still specialise in property transactions, as not all will have expertise in this area.
Although Estate Agents will have recommendations, it’s advised not to choose directly through them, as they will likely be on commission which will result in you paying more than required. Do not be afraid to shop around for the legal professional that suits you best. This may take time and result in being pricey, yet they are dealing with all legal work involved, which is an incredibly important part of the process. There are ways, however, to get a good deal while still getting a reputable, experienced solicitor. Search for those that offer fixed fees or deals such as ‘no move, no-fee’, and try to confirm the amount you will be required to pay before the process starts, this way you do not come across any unexpected costs after the transaction has taken place.
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