Choosing a property solicitor to do the conveyancing
It is sensible to use the professionals and instruct a qualified property solicitor or conveyancer to ensure the process of purchasing your buy to let property is as seamless as possible.
If you are buying with a mortgage you will need one that is approved to act for your chosen lender and is on their Panel.
Here are some things you should consider when choosing a conveyancer, whether you are buying or selling a property.
Your solicitor will conduct a range of tasks on your behalf, whether you’re buying or selling a property, or both. The general tasks include:
Drawing up and assessing contracts
Conducting local searches
Dealing with the Land Registry
Managing Stamp Duty charges and payments
Managing the collection and transfer of funds
Providing legal advice and recommendations
Don’t always choose the cheapest as this may indicate a conveyancing solicitor that is handling a high volume of transactions at a time, which may mean a poor service. It might be worth paying a little extra for a quality and more efficient service.
Knowledge of the area
It can save a lot of time if you use a local solicitor with a sound knowledge of local laws and leases. In London, for example, you can come across complicated leasehold arrangements which rural or provincial solicitors or conveyancers may not be conversant with.
The majority of dealings with solicitors can be done over the phone or by email. However, if you’re keen for the process to move as quickly as possible, you might want to consider hiring a firm that is within close proximity to where you live or work. If you can visit them in person, you can save time by avoiding documents going to and fro in the post.
Some property solicitors offer the opportunity for clients to track the progress of their property transaction online. This means that you can access your particular case online 24 hours a day to see how it’s progressing. In some cases, you can also receive updates via email and text message and all the documentation dealt with through the post, cutting out visits to the solicitor’s offices.