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This article was published on June 14th, 2022
With house prices rising, we have also seen a rise in the number of people that are attempting to do their conveyancing in a bid to save some money. This blog will explain what DIY conveyancing entails, how much money you would actually save and why you should use an experienced solicitor.
Conveyancing is a legal process that takes place when you are buying or selling a property. It involves transferring the property ownership titles from one person to another. Therefore DIY conveyancing is essentially where you would complete this process yourself, without the help of a solicitor.
One of the biggest reasons that people consider DIY conveyancing is because they think they will save themselves lots of money. However, the reality is that the amount you would save is very little. The price that you would pay for conveyancing will of course vary based on location and if additional searches are required, but generally doing it yourself will only save you between £300 and £900. It is also important to note that the majority of lenders will insist that you use a conveyancing solicitor for your property transaction anyway to protect their interests.
However easy DIY conveyancing may seem, there is a lot more to the process than simply completing and sending forms. In most cases, there tend to be searches and other formal enquiries that need to take place before the transaction can complete. If they are not completed, or they are not done properly, problems can arise. Whilst some of these problems might be minor for example carrying out the wrong search and having to pay the fee again, other problems could be major such as misinterpreting the results of a search and buying an un-saleable property. In addition, depending on the type of transaction, there may be several legal and financial issues that must be addressed during the preparation of the documents that may not be included in the standard forms.
Buying a new property is an exciting time, but it can also be stressful. Experienced conveyancing solicitors have spent years dealing with property transactions and they understand the ins and outs of the conveyancing process. They are experts in their field and will be able to spot, prevent, and solve any issues that arise with documentation or communication with the seller’s solicitor.
Thorneycroft Solicitors has been granted Conveyancing Quality Scheme (CQS) accreditation by the Law Society. The CQS establishes a nationally recognised quality standard for residential conveyancing solicitors, guaranteeing that you, as a client, receive a high-quality service from fully certified and experienced lawyers.
Here at Thorneycroft Solicitors, our conveyancing process is designed to safeguard your interests at every stage of the transaction, whether you are buying, selling or re-mortgaging your property.
We offer fast, friendly and efficient service and you will have a dedicated person dealing with your transaction from start to finish. To ensure that all processes run as smoothly as possible, our conveyancing team will keep in regular contact with you at each stage of the transaction.
If you need help buying, selling or remortgaging your property, get in today. To speak to a member of our experienced conveyancing team call 0330 058 0118 or fill out our simple enquiry form.