Conveyancing the Cheap and Easy Way
Many people fear they cannot hire the services of a conveyancer due to the high prices they are known to charge. This can be a major drawback when buying or selling a house as you can run into many legal and technical difficulties later on. However, the good news is that there are other ways to get a cheaper conveyancer that will be easy and affordable for you. Here are a few ways you can get your conveyancing done in a cost effective method.
- Online Conveyancing: Online conveyancing is becoming more popular everyday as it is faster, cheaper and more efficient than the conventional forms of conveyancing. According to most sources you can save up to 500 pounds if you do your conveyancing online. Moreover, there are other benefits you can get from online conveyancing. For instance, online conveyancers also work faster than traditional firms. You can also track the progress of your transaction online. Everything can be done much faster as there is no paper based communication. All forms and documents are completed and filled up online. On the other hand, it is important to keep in mind that online conveyancing works best for simple and straightforward transactions. For more complex cases, it is best to hire a conveyancer from your local area.
- Fixed price conveyancing: If you don’t trust online conveyancing, this may be the option for you. This kind of conveyancing provides high quality service while charging a reasonable price. The firm will charge you a fixed fee in exchange for their services. It is important to make sure there are no hidden charges or other disbursement charges when they finally bill you. You should ask detailed questions about the exact prices and charging method to avoid any nasty surprises later on. Certain firms also have the ‘no sale- no fee policy’. This means you don’t have to pay the conveyancer’s fees if the sale doesn’t take place. You will only have to pay the firm the money they already spent on the deal such as search fees and other disbursements.
- DIY Conveyancing: If all else fails, you can go ahead and do your own conveyancing. You can do the legal work for buying or selling property yourself. However, you have to familiarise yourself with the jargon and technical terms used during the conveyancing process. Moreover, it is also important to understand how to negotiate effectively with the other legal party. Conveyancing is a lengthy and difficult process. You will have to conduct all the surveys yourself and file all the paperwork and documents that are required. Also, you will have to contact all the legal offices and local authorities by yourself. The process requires time, patience and expertise. It can be difficult and any mistakes made can cost you dearly. However, there are conveyancing kits and guidebooks available which will help make things easier for you. It is vital that you understand that the only money you save this way are solicitors’ costs and VAT. You will also have to pay a sum to the land registry for the property’s title to be transferred into your name. Furthermore, you will also have to get someone to survey the land professionally. Moreover, you should bear in mind that if there is any trouble, there will be no protective net to protect you or your finances. With a professional conveyancer you will have insurance in case of any error they may make.
Conveyancing doesn’t always have to be extremely expensive. There are affordable ways to get your conveyancing done, without compromising on the quality if the service that you get. Whichever method you choose, do your research beforehand before making any decision. Make sure you have legal protection and a back up plan that will protect you and your assets in case of any issues. Do not take any risks that can cause trouble for you in the long run. If things become tough, hire a solicitor to help you out.