28 Sep Why Do You Need a Conveyancer?
To begin with, for those who don’t know what conveyancing is it is simply the process of transferring legal title from one person to another. A conveyancing solicitor makes sure that the buyer secures the title of the land along with all the rights that are in line with the land and is also notified of any restrictions before making the purchase. Even though there are a number of conveyancing solicitors in London, people are increasingly performing conveyancing themselves considering the abundance of online resources. However, there are crucial pitfalls to save yourself from and these are only known to a professional and experienced conveyancing solicitor. Here are the following areas that can create problems:
- Boundaries exposed by plans of the property
- Paperwork which isn’t registered correctly
- Clauses by other parties in contracts
- When property is used as a forefront for conducting illegal transactions
These are not the only reasons why you should opt for a professional and licensed conveyancing solicitor. The most common reason for selecting one would be to hold valid indemnity insurance, which protects you from unpredictable situations. These include any financial loss that can be caused due to defective lease, bureaucratic problems experienced with other lawyers or mortgage companies, lack of planning permission, absence of landlord and a number of leasehold problems. Sometimes trying to calm such situations can lead to a real battleground and things might get out of control. Therefore, it is always best to appoint a professional and qualified conveyancing solicitor to manage conflicting interests and commercial conveyancing.
Things to Consider Before Selecting a Conveyancing Solicitor
It can be quite a stressful experience when considering buying a property and moving in, however a conveyancing solicitor can make this process stress-free and hassle-free for you. There are certain things to consider before you select a conveyancing solicitor in London:
The conveyancing quote is an important factor when determining the right solicitor however; it shouldn’t be the only thing you take into account. Like any other area of life, the cheapest course of action doesn’t necessarily has to be the best one at all times. Considering getting value for money – if you pay more than the standard price, you’re going to get something extra in return. Depending on the amount of work and the value of property conveyancing can cost you anywhere from £200 to £1500. It is important to ask for a conveyancing quote that clearly states all the fees and charges that are going to apply. Be confident discussing the conveyancing quote even with solicitors who belong to prestigious and big law firms.
2. Regulated & Insured
Make sure the conveyancing solicitor that you select is insured and regulated to act on your behalf so as to protect you from any sudden legal defects before the completion of the sale. You should be aware that the Solicitors Regulatory Authority regulates all conveyancing solicitors in London and if you have complaints about your solicitor, you can always approach the authority through your indemnity insurance. Always inquire about a conveyancing quote before you agree to draw up or sign any contracts.
3. Experience & Proven Track Record
Don’t be mistaken that all kinds of solicitors have experience in commercial conveyancing. You need to be familiar with the solicitor’s knowledge of conveyancing by asking the following questions:
- How long has the solicitor been practicing in the specific field?
- How many clients has he/she represented in this field?
- Is the solicitor accredited by the Law of Society?
- What arrangements will be made in the event the solicitor is absent or unable to show up?
- If a team is involved ask the solicitor how much of the work will he be doing and how much will the other workers be doing?
- What is your conveyancing quote?
It is always best to choose a local solicitor rather than one that is at a distance. You can select from a number of conveyancing solicitors in London who have a better knowledge of conducting local searches for commercial conveyancing and informing you about any pending developments in that area.