When buying or selling a property in England and Wales you need to choose a property lawyer to act on your behalf. You can either choose a Solicitor to act on your behalf, who are regulated by the Solicitors Regulatory Authority, or you can choose a Licensed Conveyancer to act on your behalf, who are regulated by the Council for Licensed Conveyancers. Both Conveyancers and Solicitors are fully regulated and insured and often operate to very similar conveyancing practices and procedures.
Property solicitors are often not specialists in conveyancing and undertake other work such a matrimonial work or personal injury work to supplement their conveyancing work. This often means that they can be at Court or out of the office which can cause frustration in relation to client communication. Certain solicitors have specialised in conveyancing and are members of the Law Society Quality Standard which places them on an equal footing to Licensed Conveyancers.
Licensed Conveyancers are specialist property lawyers. The vast majority only undertake residential conveyancing work whilst a handful undertake commercial property and probate work. All licensed conveyancers are office based ensuring good client communication at all times.
When choosing a Licensed Conveyancer or Solicitor to act on your behalf you need to consider a number of factors including price and most importantly, service. The past reputation of the legal practice should be ascertained by reference to the internet and other references. You need to ensure that you are going to receive the best possible service as buying or selling a property can be a stressful time as it constitutes one of the largest financial transactions that you are ever likely to undertake.
Licensed Conveyancers and Solicitors come in a variety of shapes and sizes from the sole practitioner to the multi partnered company. Some operate to very basic conveyancing procedures utilising the postal service. Modern conveyancing practices operate with state of the art case management systems and online case tracking facilities allowing their clients access to the up to date position on their transactions 24 hours a day 7 days a week.
The difference between Conveyancing costs charged by Solicitors and those charged by Licensed Conveyancers is not that great. When comparing the average conveyancing fees, Licenced Conveyancers tend to be slightly cheaper overall. Low priced conveyancing quotes can be very tempting, but as we already mentioned you need to ensure that you receive the best possible service. The stress of buying or selling a property could be magnified by an incompetent and inadequate conveyancing service.
You will need either a Licensed Conveyancer or a Solicitor in the event that you are conveying a property in England or Wales. It is unlikely that you will be able to convey your own property for regulation and insurance purposes. The choice is entirely yours – just make your decision carefully.
Property Transaction is a team of Licensed Conveyancers that can act, on your instruction, on your behalf to take care of the conveyancing process when buying, selling or remortgaging a property. Get a online conveyancing quote in under 10 seconds to see how much our professional and reliable services will cost you – and if you would like any more information please contact us.