You are required to select a solicitor or conveyancer to shift the legal ownership of the asset from the dealer to yourself once an agreement is reached by you on a proposal. This process is called conveyancing. However, which legal professional must be selected by you?
What is the difference between a solicitor and conveyancer?
Solicitors are regulated by the Solicitors Regulation Authority and Licensed Conveyancers are regulated by the Council for Licensed Conveyancers; both are completely regulated and insured. They will function to almost similar conveyancing practices and procedures, in terms of dealing with your assets transaction. Yet it is noteworthy to know the prominent differences between them:
- An expert property lawyer who targets mainly on residential assets, advancing business dealings similar to yours each day is a licensed conveyancer.
- A qualified lawyer, with extensive training in different aspects of law, and can offer full legal services such as divorce proceedings or taking someone to court is a solicitor.
- Hence, it can be more expensive to involve a solicitor to handle conveyancing rather than a conveyancer.
- The least expensive, closest or high rated conveyancer for you can be found by contrasting conveyancing estimates from our board of 150 quality assured companies.
Working with your conveyancer or solicitor
Some of the chief reasons why purchasers and dealers get annoyed with their conveyancer or solicitor:
Tremendous amounts of documents are involved in conveyancing and it is essential that all parts are accurately finished. Considerable interruption to the process can be caused, in case the solicitor or conveyancer is not attentive and adept in sending off the correct documents at the appropriate time. Latest conveyancing practices function with online case tracking facilities permitting you to access latest information on your transactions 24 hours a day which assists in making the process seamless. You can also compare conveyancing quotes online.
It is not always easy to reach some solicitors and conveyancers, making it difficult to know the progress of your case, or to get any questions answered. This can be specifically the case with solicitors who deal with other work apart from conveyancing which may imply that they are in Court or in and out of the office which can offer an obstacle to client communication. Conveyancers are frequently office based which can promote better client contact.
“Make sure that inexpensive estimates are not missing concealed expenses. A detailed research must be done by you to ensure you know about your final bill.” added Tom Davies from Accelerate Homes Buyers. Solicitors/conveyancers who charge an hourly rate must be avoided, and be careful of any estimate that does not completely list all expenses.
When should I use services of a solicitor rather than conveyancer?
When you are handling specifically challenging undertakings then you should take the services of a fully qualified solicitor. For instance, in case there is a conflict over the boundary or if the sellers are getting divorced and are taking services from more than one solicitor with knowledge beyond the property, solicitor would be essential. However, mostly a conveyancer will be able to deal with your undertaking from start to end.
What are the drawbacks of using a solicitor?
Solicitors are almost always costlier. Complete estimates must be received from a solicitor in order to make a direct comparison in price with alternatives, since costs can differ enormously.