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SpinDistribute.com Article Directory

The following article was published in our article directory on December 22, 2011.
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Why You Should Hire a Professional Conveyancing Service

Article Category: Business

Author Name: Lara Ryan

Conveyancing refers to the administrative and legal processes involved in reassigning ownership of real estate from one party to another. The process is carried out by either a conveyancer solicitor or a licensed conveyancer. The main difference between the two is that a coveyancer solicitor is a solicitor whose main area of practice is conveyance law. Finding the right conveyance professional to work with you can save you a lot of grief when buying or selling a property. A recent survey revealed that the trauma of completing an extended real estate transaction caused sellers to experience feelings of premature aging.

Is it possible to do your own conveyancing? Under UK law, yes but it is not recommended since it is a time-consuming process that involves completing a lot of paperwork that is filled with legal terms with which you may not be familiar. This increases the danger that you will make a mistake for which you will be financially liable. While a professional conveyancer can cost you a lot of money, you will save more in the long run as they will successfully complete the transaction in a timely fashion as well as resolving any problems that crop up. The other party may also object to your doing your own conveyance work and reject your offer on this basis.

So should you engage a conveyancing solicitor or a licensed conveyancer? To better answer this question, let us take a look at the responsibilities of a licensed conveyancer. These can include:

Conducting searches with local authorities with regard to your property.

Acting as a liaison between the client and the mortgage lender to ensure they have all required information.

Advising the client on any incurred costs such as legal fees and stamp duty land tax as well as paying these costs on their behalf.

Drafting the contracts setting out the terms of the sale.

What a licensed conveyancer cannot do, however, is offer you any kind of legal advice. For example, if you feel apprehension about the conduct of an estate agent, a conveyancer cannot offer you legal advice and must refer you to a qualified lawyer anyway. A conveyancer solicitor may also offer you advice on other aspects of law other than property law. Hence, you are better off hiring a conveyancer solicitor even though they may charge you more expensive fees.

Once you ve decided to hire a professional conveyancer, you have to instruct them as soon as possible. For example, if you think of buying a property, you must instruct them prior to making an offer since these estate agents want the details of your solicitor once the proposal is acknowledged. On the other hand, if you are selling, you have to instruct your solicitors before you have the property listed. Keep in mind that it is the role of the professional conveyancing specialist to help you in successfully concluding the sale but they can only do this if they enter the process at the earliest possible time.

Keywords: conveyancing, cheap conveyancing, conveyancing uk, conveyancing wales, compare conveyancing

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