Tag Archives: conveyancing

researching conveyancing services

The importance of researching conveyancing services

Solicitors help their clients in finding out the background of properties that they intend to buy. It is important to know all facts surrounding a property before buying. Some of the findings of the research will help a buyer predict future financial obligations as well as your social responsibility in your new neighbourhood. Researching conveyancing services  covers matters such as property ownership, water, sewerage, and mining research.  The buyer must pay for these researches. The cost of research is usually different from solicitor’s fees.

Every buyer must know the true identity of the owner of a property before buying the property. This helps to reduce chances of fraud and prevents ownership disputes that may arise in the future. Sellers usually give buyers a copy of Title Deeds and other documents of ownership to the purchaser at the beginning of conveyance. These documents are not sufficient to confirm identity. Forged documents are a possibility and should be checked by a solicitor. Besides, the seller may not be in the record of the Land Registry. This is why research for ownership is vital.

Solicitors research for property ownership by going through the records of the Land Registry. Land Registry has names and deeds for all real estate properties in the United Kingdom. If the property is not registered, then the buyer and his solicitor must rely on documents that the seller provides. They must scrutinise the documents to ensure that the documents are genuine. They can work with a specialist from the Land Registry to help them determine the veracity of records proffered by the seller.

The other necessary conveyancing research is water and sewerage research. Water and drainage research elucidate adequacy of water supply and drainage of property. It also helps in establishing if there will be any developmental changes in water and sewerage systems. A solicitor conducts water and drainage research by colluding with local authorities that are in charge of those services. The solicitor will find out the amount of water supplied to property. He will also find out the source of the water and how the water is treated before being pumped to the property. It is also important to check the map of pipes and their relation to the property. This will enable the buyer to avoid interfering with the pipes when constructing new structures.

Mining research is another important conveyancing research service. Mining activities affect properties and residents within their neighbourhood.  The nature of the mines determines how and to what extent properties and their owners will be affected. Loud mines pollute the air and interfere with building foundations. Mining with dynamites also affects structural integrity of nearby properties.  A solicitor should find out if the property has the capacity to withstand earth-shaking effects of mining. The solicitor should also know the amount of air pollutants within the vicinity of the mine. This information will influence the buyer’s decision to proceed with the conveyance, or to terminate it altogether.

average solicitors fees for selling a house

Average Solicitors Fees For Selling A House

Solicitors are legal professionals with a vast amount of experience handling the exchange of properties. There is no need to mention that they get remunerated for their services. If you have a property to sell, you might be in need of a solicitor, and for a good hire, you may have to take many factors into consideration, such as the experience and the fees of the solicitor. The average solicitors fees for selling a house vary based on many factors. Let’s read more about it.

Solicitors

Solicitors carry out many different tasks and handle the legal aspects which have some disbursements that include stamp duty, land registry fees, and property search fee, just to name a few.

Other Costs

Aside from the expenses mentioned above, you will be charged the lawyer’s basic fee too. On average, the solicitor may charge you around £600 for a property worth about £100,000 in the United Kingdom. For houses that are over that value, they may cost up to £1,000 depending on which firm you decide to choose.

How To Get The Best Deal?

Well, the easiest way of getting the best deal is to get at least three quotes from three different solicitors. You can go online to get contact details of various solicitors and get quotes for free of charge.

What would you pay for?

Solicitors perform many important tasks for which they charge their clients. Below is what they would charge you:

  • Validation of ownership of the property

Your solicitor will get in touch with the local authorities to find out if the property is owned by the vendor they met.

  • Sale contract

This draft will shed some light on the conditions of sale. The vendor will be sent a few questions to answer, and the questions will be related to the issues that you think may need to be resolved before the sale proceeds. Probably, the contract will be between your solicitor and the solicitor of the other party. On average the process will consume around ten days.

  • The signing of the contracts

Once the contract is signed, both sides will be legally bound to follow the terms of the contract until the deal is closed. The solicitors from the both sides will be present at the time of the signing of the contract.

In short, you get what you pay for. Hiring the cheapest solicitor will not be a good idea. However, you will not need the most expensive solicitor either. As a good practice, just get a few quotes, interview the solicitor and choose one that you feel most comfortable with after considering the fees.