imageComplete Guide to Conveyancing

Complete Guide to Conveyancing

15Jan 2010

Conveyancing is defined as the legal process of transferring the ownership of a property to another person.  It is essential every time a property is sold.  The process is known to be slow and expensive since hiring a professional person is essential. The professional can be someone you know or at times, someone referred to you by your estate agent. When you enter the process of conveyancing, you must take note about the following:   The Costs of Hiring a Solicitor   If you choose to hire a solicitor, meaning a professional conveyancer who should be recognised by a law society, be prepared of the fact that he charges higher.  But, it can also work to your advantage because they have indemnity insurance of up to £1 million per transaction.  Since they are licensed and take on a lot of projects, conveyancing may be their last priority since they have other higher-paying projects.  This causes the process to slow down.   Questions to Ask Your Conveyancer   It's also best to ask vital questions to your potential conveyance such as:   1. "How much will the process cost and what services are included or not?"   2. "Are the costs given an estimate or fixed fee?"   3. "How much information can be available to me as a party to the transaction?"   4. "What are my duties to make the process faster?"   5. "Who can I contact in case I need updates regarding the process?"   Conveyancing can really be taxing. You have to work and learn things out if you want to make sure that the process can be a success. Whenever you plan to hire solicitors to do the work on your behalf, you must follow the rules as well.     

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