Conveyancing is the term used to describe all the legal and administrative work involved with transferring property ownership from one person to another. Usually, the process begins soon after an offer is accepted on a property. It ends once all the paperwork is signed and all the money has been transferred.
There are a few different options when it comes to hiring a professional to provide conveyancing services. Property lawyers and solicitors can do this, and you can also hire a licensed conveyancer that specialises in it.
You do have the option to save money by hiring an online conveyancer. Some are charging less than a thousand dollars! This can save you a significant amount, but you won’t get the detailed and specialised service you would with a professional.
If you decide to hire a solicitor, make sure to hire one with experience. Not all solicitors have experience with conveyancing, even though they’re all qualified to provide the service. Your mortgage lender can provide a list of approved conveyancers that they recommend.
Can you do it yourself?
While it’s technically possible to handle the conveyancing yourself, it’s not recommended. If you overlook something small, you could wind up in a world of trouble. Also, the process is complicated and time consuming.
Most mortgage lenders will insist on the homeowner employing a professional to protect their interests. In the vast majority of cases, hiring a conveyancer or solicitor is the better option for many reasons.
How much does conveyancing cost?
The price you pay for conveyancing will depend on the value of the property in question. The charge will cover the conveyancer’s time, council fees and more. If you think the price is too dear, online conveyancers might be the best option for you.
If you’re concerned that the buyer may pull out, you can pay a little extra to cover yourself if the deal falls through. Speak with your conveyancer about your options depending on your situation.
Mortgage House
At Mortgage House, we’re no strangers to the homeowner’s journey. It’s a long (but rewarding) one.
But don’t worry, we can help with that.
If you think you need a conveyancer, you can contact us for advice about the best options for you. Your conveyancing approach carries significant financial implication, so It pays to speak to the experts about it.
