What Is conveyancing
Conveyancing is a legal term for the transfer of legal title of property ownership. Conveyancing is carried out in the UK by a trained solicitor or conveyancer. It is possible for an individual to carry out their own conveyancing work, but it is labour intensive and a mortgage provider will almost certainly insist on a licensed conveyancer or solicitor taking on the work.
Most solicitor firms offer some sort of conveyancing service, but Home Estate highly recommend that they have sufficient experience in this field in your local area, to ensure the smoothest possible experience.
There is no net scale of fees for conveyancing and so Home Estate recommend that more than one firm is contacted to make sure you are getting the best deal. So, when enquiring with your solicitros, there a few things you need to make sure you ask;
- Make sure that you understand if you are being charged a fixed fee or whether the fee will go up if additional work is needed or a prolonged contract exchange takes place.
- If a fixed fee is given, make sure if this is inclusive or exclusive of VAT and their expenses to prevent a surprising bill at the end of the process! We recommend obtaining a written breakdown of these costs too.
- Always double check to see if there are any charges in the unfortunate event of a fall through in a deal, as this can often lead to a double disappointment, especially when it’s not your fault.
If you would like any more advice or guidance on conveyancing work, contact Home Estate today where we can recommend some firms who have plenty of experience in the Medway Towns and Kent.