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Choosing a Conveyancer or Solicitor – Things to Learn

Choosing a Conveyancer or Solicitor – Things to Learn

compare conveyancing quotesIf you’ve heard the term ‘conveyancing’ and are wondering what it is, it’s good for you to understand it while buying or selling a home. Conveyancing or residential conveyacing is the legal process of transferring the contractual title of a property from a home owner to another. A conveyancer or property solicitor is the person who completes the entire process of residential conveyance.

Difference between a Conveyancer and a Solicitor

Both Licensed Conveyancers (regulated by the Council for Licensed Conveyancers) and solicitors (regulated by the Solicitors Regulations Authority) are completely regulated and insured. When it comes to dealing with your residential transaction, there are many similarities in their practices and procedures of conveyancing. However, there are certain differences which you should know so that you can correctly compare conveyancing quotes and take an informed decision.

Licensed conveyancers are lawyers specialized in properties and focus largely on residential properties and carry out transactions everyday like yours, whereas solicitors are qualified lawyers with knowledge and training on various aspects of law which include even divorce proceedings or taking a person to court.

Therefore hiring a solicitor rather than a conveyance to handle conveyancing may cost more.

When should You Hire a Solicitor Instead of a Conveyancer?

If you feel that your transactions may be difficult, it’s a good idea to hire a fully qualified solicitor. E.g. if the sellers are getting divorced or there’s a dispute over boundaries of the property, hiring a solicitor with knowledge beyond residential conveyancing law would be essential. However, most of the times, a conveyancer can handle your transaction from start to end.

Mortgaging – Solicitor or Conveyancer?

If you’re wondering whether to hire a solicitor or conveyancer while getting a mortgage, you should consider the following factors:

  • Mortgage lenders will only use certain conveyancers and solicitors, who are on their ‘panel’, and who in turn typically pay the lender for the privilege
  • If you don’t want to use a solicitor or conveyancer on their panel, you’ll normally need to pay for the bank’s representation fees. This varies from bank to bank.
  • It’s a good idea to ask your solicitor or conveyancer what panels they are on and decide what lender you’ll be using for your mortgage.

How to Choose a Solicitor or Conveyancer?

While deciding on which solicitor or conveyancer to hire, it’s best to shop around and compare conveyancing quotes.

While shortlisting, check the reputation of the solicitor or conveyancer, and not just their fees. Take help of a portal like “The Conveyancing Network” who help you find the best solicitor or conveyancer. Taking help of such portals is always a good idea to get the right price and avoid any problems. All the best!

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