Save Money On A Conveyancing Solicitor
Every year millions of pounds are spent on conveyancing costs, even without the property exchanging hands. This represents a huge, and unnecessary, waste of money on the part of the seller and buyer. Saving money on conveyancing is to negotiate for the best deals. Ask a local law firm to charge a fixed fee for their services, instead of an hourly rate, which is bound to be costlier if the deal involves a lot of work.
You can also consider asking your conveyancer to include a “no sale, no fees” guarantee, to ensure that you avoid paying any fees if the property deal falls through. It is however worth noting that you will still have to cover some costs, such as those associated to property searches, even if they agree to this condition.
Conveyancing solicitors have an important role to play when it comes to the fulfilment of obligations and protection of the rights of both sellers and buyers involved in the sale or purchase of properties.
Minimise the money you spend on conveyancing solicitors, while still getting the most out of them.
Freehold Property Is Cheaper
Conveyancing costs, including fees paid to the solicitor, tend to be lower when the property involved is freehold. This is mainly due to the fact that freehold property deals are straightforward, requiring less work, on the part of the solicitor, to get done.
Leasehold property deals tend to require more work as they involve complicated legal agreements.
Choose An Online Service Provider
Opting for a conveyancer who operates purely online, through emails or by post, may be more cost effective as compared to hiring an out-and-out solicitor.
It is however worth mentioning that any losses you incur due to mistakes made by following their advice will be solely upon you. Conveyancers who offer their services in-person are usuallylicensed and insured. This means that their clients have someone to turn to in the event that they suffer losses occasioned by mistakes made by the professional.
Take Advantage Of Free Services
You can make substantial savings on conveyancing solicitor fees by simply taking advantage of free conveyancing services offered under the mortgage deal at hand. However, be sure to note that the fees may be included in the mortgage payments.
To ensure that you don’t have to hire your own conveyancer even after using the services of the free option, be sure to ask your lender, beforehand, whether they are happy with the one provided.
Now you stand a better chance to save money on a conveyancing solicitor the next time you are involved in a property transaction.