Online conveyancing is becoming a very popular means of finding conveyancing quotes. With conveyancing it is always the case that purchasing a property is more expensive than selling. Most people are aware that stamp duty needs to be paid and this will typically start at £1,250 and can increase to many more thousands depending on the purchase price and applicable threshold. You must also pay registration costs to the Land Registry in order to transfer the property into your name and it is also a requirement of the lender to register their charge against the property. There are a number of other disbursements, which are usual to the transaction and which that should not differ from solicitor to solicitor. These include:
* Land Registry Priority Searches
* Local and Drainage and Water Searches
* Bankruptcy Searches
....to name the main ones.
However, buying a property is often a confusing and stressful time, especially if you are a first time buyer. And sometimes the fees can tumble out of control - especially with the new trend of instructing solicitors online. For this reason you need to have your wits about you. It is becoming more and more common to search for property solicitors the same way you would search for cheap car or home insurance - ONLINE! And with this quickly becoming the best way to find a cheap service, there are increasingly more and more firms providing online conveyancing quotes and services. There are also a number of comparison websites who claim to be able to compare a large number of solicitors for you and provide you with the cheapest quote.
However, "buyer beware" should extend to this initial stage of the transaction for a number of reasons. With online conveyancing, the services are not being compared. With car insurance you will usually have an ideal policy in mind - you can pick and choose certain extras and modify your quote to suit your needs. Another handy tool here is that you can compare the policy details and provisions - so you know for example if they will charge you extra for a courtesy car, their claim excess or simply that there is a limit to the amount that can be claimed back on your car stereo.
Online conveyancing services cannot be catalogues and compared in this way. Often you are simply looking at fees alone and will not be able to see what their service entails. Ok, so the regulatory bodies maintain that the basics are carried out on all conveyancing transactions to a specific standard there is not much to control the standard of customer services being provided or hidden fees. Online Conveyancing may mean that you are subjected to a non personal service throughout the transaction, which can often increase your stress levels.
Another issue to look out for is costs - it is becoming increasingly common for a BASIC quote to be provided online via a comparison site, however at the end of the transaction, when the work is completed and there is often no room to manoeuvre without facing losing your property - fees are increased. It is becoming increasingly common that solicitors issue a final bill, which is an inflation of the initial bill and usually due to hidden fees. For this reason, I cannot stress enough how important it is to do the following:
1. Read the terms and conditions of the firm.
2. Check the small print.
3. Ask the solicitors for a full quotation in writing - do not rely on any verbal quotes.
If in doubt, get other quotes and remember - the cheapest quote is not necessarily the best quote. You get what you pay for!!
We at ConveyancingShoppers are a national conveyancing centre with expertise in providing residential and commercial conveyancing. Our property solicitors have over 40 years of experience on all aspects of conveyancing and property law.
Article Source: http://EzineArticles.com/?expert=Natalie_Madley
* Land Registry Priority Searches
* Local and Drainage and Water Searches
* Bankruptcy Searches
....to name the main ones.
However, buying a property is often a confusing and stressful time, especially if you are a first time buyer. And sometimes the fees can tumble out of control - especially with the new trend of instructing solicitors online. For this reason you need to have your wits about you. It is becoming more and more common to search for property solicitors the same way you would search for cheap car or home insurance - ONLINE! And with this quickly becoming the best way to find a cheap service, there are increasingly more and more firms providing online conveyancing quotes and services. There are also a number of comparison websites who claim to be able to compare a large number of solicitors for you and provide you with the cheapest quote.
However, "buyer beware" should extend to this initial stage of the transaction for a number of reasons. With online conveyancing, the services are not being compared. With car insurance you will usually have an ideal policy in mind - you can pick and choose certain extras and modify your quote to suit your needs. Another handy tool here is that you can compare the policy details and provisions - so you know for example if they will charge you extra for a courtesy car, their claim excess or simply that there is a limit to the amount that can be claimed back on your car stereo.
Online conveyancing services cannot be catalogues and compared in this way. Often you are simply looking at fees alone and will not be able to see what their service entails. Ok, so the regulatory bodies maintain that the basics are carried out on all conveyancing transactions to a specific standard there is not much to control the standard of customer services being provided or hidden fees. Online Conveyancing may mean that you are subjected to a non personal service throughout the transaction, which can often increase your stress levels.
Another issue to look out for is costs - it is becoming increasingly common for a BASIC quote to be provided online via a comparison site, however at the end of the transaction, when the work is completed and there is often no room to manoeuvre without facing losing your property - fees are increased. It is becoming increasingly common that solicitors issue a final bill, which is an inflation of the initial bill and usually due to hidden fees. For this reason, I cannot stress enough how important it is to do the following:
1. Read the terms and conditions of the firm.
2. Check the small print.
3. Ask the solicitors for a full quotation in writing - do not rely on any verbal quotes.
If in doubt, get other quotes and remember - the cheapest quote is not necessarily the best quote. You get what you pay for!!
We at ConveyancingShoppers are a national conveyancing centre with expertise in providing residential and commercial conveyancing. Our property solicitors have over 40 years of experience on all aspects of conveyancing and property law.
Article Source: http://EzineArticles.com/?expert=Natalie_Madley
Hi...Your post really got me thinking man..... an intelligent piece ,I must say. Get more information about Online Conveyancing Quote .
ReplyDeleteSome solicitors do not declare their full fees which makes their prices look lower than they actually are. If you’re not careful, you could be hit up for higher fees than you expected. A local conveyancer from Sydney provides fixed and flat-fee quote so you don’t have to worry about nasty surprises.
ReplyDelete