Why DIY Conveyancing May Not be a Good Option
Published on Wednesday, 08 December 2010
Thinking about doing your own conveyancing? Though it is possible, there are a few things you need to take into account before you dive into details. Firstly, if this is your first time to buy homes and you are not well informed with conveyancing, you might have trouble keeping up as this is a complicated job. Another problem you might encounter in accomplishing a DIY conveyancing is when the other party is also doing their own conveyancing. If both parties will run into a lot of legal problems without an expert's advice, it is likely that you will not be able to resolve them. It takes a lot of time and effort to pull off a do-it-yourself conveyancing. Hence, if you have a full time job, it is best to hire professional solicitors to make the process smoother and quicker. Doing your own conveyancing does not necessirily save you from paying legal fees. In fact, mortgage lenders may charge you fees for the preparation of the deeds. If you are assisted by solicitors, they can prepare the deeds for you and include the service on the professional cost. Also, be aware that some lenders may not allow you to do your own conveyancing. If you really want to save some cash, the best thing to do is search for solicitors that specialize in conveyancing. These companies are likely to be cheaper as this is the only work they do. Therefore, think carefully before taking the plunge. Make sure you do your homework and don't make shortcuts to avoid costly mistakes.
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