A property conveyancer is an expert in property laws who supervises over the title transfer process during a property sell. Any solicitor can act as property conveyancer or you can hire a licensed conveyancer for the task. The conveyancer undertakes the documentation tasks involved in property dealing. He also performs the legal leg works required in transferring the title.
A property conveyance looks after the legal, administrative and financial dealing involved in property buying and selling. Under the prevailing law both the vendor and the buyer can engage a conveyancer for the job. The conveyancer drafts and processes the agreement of selling, buying or leasing and prepares the documents that the buyer and the seller must sign to complete the deal.
Often a conveyancer’s service is requested by mortgage lender for preparing documents required in processing the loan. He may also express his choice of conveyancer for the same as well. It is advised to engage a conveyancer in tandem with your mortgage lender if you have plans to obtain a mortgage loan on the property. However, there is a chance that you may end up paying more if you hire a conveyancer suggested by your estate agent or lender.
Nonetheless, property conveyancing involves cost – sometimes a few thousand pounds. This is the reason why some people prefer to do conveyancing by themselves. However, it can be a complex process and to ensure peace of mind hiring the services of property conveyancer is recommended. The conveyancer ensures that both the vendor and purchaser meet the obligations mentioned in the contract of sale. Moreover, a conveyancer also undertakes the tasks of obtaining or checking Land Registry documents and title deeds. The conveyancer might act on behalf of his client and advice him on the legal documentations required and upon their implications.
The charges of a conveyancer depend upon the responsibilities undertaken as well as upon the size of the conveyancing property. In UK there is no governing body to regulate the fees charged for conveyancing services. The solicitor can charge based on his experience, exposure and expertise. Some, however, might agree to sign no-completion, no-fees contract. According to the contract, conveyancing fees are only applied upon successful completion of the case.
Some conveyancer might charge additionally for paying stamp duties, distributing photocopies, preparing documents for mortgage applications etc. There can be several other smaller charges that a conveyancer may omit while asked for an upfront conveyancing quote. So, you may ask for detailed breakup of all the charges attached by your conveyancer or else, the initial low price advantages will soon balloon up.
Compare conveyancing quote online. Conveyancers charging flat-fees for the task are recommended for convenience.
The cost of property conveyancing