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Conveyancing: Prices And Possibilities

You need to buy or sell your house. Or a piece of land. Either way, you have made up your mind; you are going to buy/sell some property. The next obvious step is to find a conveyancer, or a legal solicitor who will take the responsibility in order to make the transaction as smooth as possible. They will give you any legal advice and do all the legwork for you in exchange for a fee. There are several firms that provide this service as well

Prices and quotes:

Each firm charges different fees for their services. Most websites for such companies will allow you to calculate conveyancing quotations based on mortgages and expected prices. They also depend on whether the sale tenure is freehold or leasehold. The cost of the property will also depend on several other factors such as age, condition and ownership. There are also legal fees you will have to pay. NBM Solicitors Partners ensures you cheap, fair price for conveyancing with no hidden or extra costs. Moreover, their conveyancing fees are fixed and the conveyancers are highly experienced. This will ensure that your transfer of ownership will be swift and simple, all at the best possible prices. 1st Property Lawyers is another specialist conveyancing firms with a fixed fee, excellent customer service, and great conveyancing reviews.

DIY Conveyancing:

Can’t find a conveyancer? Or you don’t want to use a conveyancer? Here’s the thing; you can do the conveyancing yourself. However you might want to consider any potential costs. Although will not have to pay any conveyancer fee or the Vat on it, you will still have to pay for other things. You will still have to pay for any searches you want as well as the stamp duty if you are buying a home for more than £125,000. You will also have to pay a fee to the land registry for the property’s title to be transferred into your name. And you will need a professional building survey done. Moreover, if anything goes wrong legally, you will be blamed for it. On the other hand, a fully qualified solicitor will save you the trouble of all the legal work.

If you do decide to act as your own conveyancer, the remaining processes will be similar to what would happen if you had a solicitor. The difference is, you will have to do almost everything yourself. The procedure has two steps. One, from the time the offer is made up to the exchange of contracts. The other step is from the exchange of contract till the completion. Even after completion you will have a lot of work to do. You will have to complete a return form for Stamp Duty Land Tax (SDLT), and pay any duty. Once you obtain confirmation of payment of the SDLT you can send your application for registration of transfer to the land registry, together with the signed transfer, the correct fee, and any mortgage discharge form. The form to use for this is AP1. You will have to provide evidence of your identity as mentioned on the form. If all is well you should receive a copy of the revised register showing your name as the new owner.

When moving home, there are endless possibilities to choose from. You can hire a firm to the conveyancing for you. Alternately, you can do it yourself. Whatever you decide to do, make sure you do your research and choose the best option for your needs. After that, moving home will be much easier!

Posted by on 05/11/2015 in Conveyancing Fees

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