Whether you want to buy or sell property, conveyancing plays an important part in the process. Unless you decide to do it yourself (which would engage knowledge of legal aspects of property dealing) you would need to hire services of a conveyancing solicitor.
Who are conveyancing solicitors?
Property dealings involve a great deal of legal formalities. You must obtain clearance on the grounds that the title is clean and available for sell, no taxes or debts are attached to the title etc.before making the deal. All these can make your experience about buying or selling property stressful. Licensed conveyancers are certified to carry out the job on your behalf.
The job of a conveyancing solicitor is to carry out the legal formalities and make the title clear of all debts and penalties to be available for sell. If you are not a licensed conveyancer yourself it can be difficult for you to know about all nooks and crannies of property dealing. The appointed conveyancer will work as your agent in the whole process of property dealing so that you can continue with your daily life.
Since property dealing is always an important decision you're advised to hire services of a qualified conveyancing solicitor.
Either the seller or the buyer can appoint a conveyancer. If you are buying a property you may appoint a conveyancer in tandem with your mortgage lender. It helps avoiding a lot of complication. The conveyancer will also update the lender that all the required documents for transferring the title are in order to receive property loan.
How much does conveyancer charge?
If you are considering hiring the services of a conveyancing solicitor you are advised only to engage one who is licensed and has years of experience in handling properties of different size. This is important to safeguard your interests and to keep the worries at bay. However, you must also inquire about the fees conveyancing solicitors charge for their services.
You can hire a solicitor to work as a conveyancer but it will likely to cost you more. Else, you can engage dedicated conveyancers to carry out the task. Normally, charges vary between conveyancers depending on their experience and expertise. It can also vary depending on the area where the property is located. The two most standard forms of conveyancing fees are:
Fixed rate: Conveyancer charge is a fixed amount independent of the sale value of the property.Percentage of sale value: Conveyancer charges a percentage of the sale value and hence, it is variable.A word of caution - check out for the fine prints for additional charges and hidden costs. Select one who is upfront about the fees charged.
Kirti Saxena is a web enthusiast and a writer. Kirti has afforded her articles and write-ups autonomously and through various online forums. Get more information on: licensed conveyancers & fees conveyancing
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