The input of conveyancing solicitors can make a world of difference in ensuring that the process of conveyancing runs smoothly for both parties, the property seller and the buyer. Seeing as how conveyancing solicitors play such a crucial role, it is critical to ensure that you make the right choice.
Credentials and accreditations, as well as the affordability of the rates offered, are usually among the first things people consider when choosing conveyancing solicitors, and rightly so. These are all important considerations, but there are also other factors that are usually underrated, including the following.
1. Good and Consistent Communication
Conveyancing solicitors will handle the bulk of, if not all of, the aspects of the process of transferring legal title of property on your behalf.
You may not fully grasp all that the conveyancing process entails, particularly if it's your first such transaction and that is why you need a solicitor who will explain it all to you in layman's terms. This will keep you in the know about what you can expect throughout the process. The solicitor should also be ready to answer any questions that you may have. Lastly, to be able to keep track of the progress you are making; the solicitor should always keep you well informed and updated.
Before retaining the services of the conveyancing solicitors, be sure to discuss what framework will be in place for communication, not just with you, but with all other parties involved.
2. Approval by Mortgage Lender
If you intend to buy the property using a mortgage, then one of the very first things you should make certain of is whether or not your pick of conveyancing solicitors is on your mortgage lender's panel. Mortgage lenders will have a list of property solicitors that they will readily and willingly work with and instruct. A conveyancer that is on this list can act for you as both the buyer and the lender.
Some lenders will outright refuse to work with property solicitors that are not on their list. If the lender is lenient enough and chooses to have a separate conveyancer to act on their behalf, then you can expect the process to take a little longer because of the intricacies of having to coordinate between the two conveyancing solicitors. This approach is also expensive because you will be the one to shoulder the cost of the property solicitors acting for your lender.
For more information about working with a solicitor (especially if you might be interested in multiple areas of soliciting), contact a professional.Share
22 January 2019
In my job as a student advisor I hear a lot of complaints about the unfair conditions that some bosses impose on their employees. I'm not a lawyer, but I am very familiar with which conditions are actually illegal and which are just things that some employees don't like being asked to do — like clean the toilets. This blog has some resources to help employees know if what their boss is asking them to do is illegal or just annoying. Knowing even just a little bit about the law can go a long way in making sure you're being treated properly.