Cheap is not necessarily the best! How to compare quotes accurately:
• Contact 3 or 4 firms for an estimate and consider responsiveness, quality of content and customer service.
• Look at Review Solicitors, Trust Pilot and Google. A good firm and Conveyancer will be obvious.
• Ask family and friends who they would recommend.
• Personal recommendations by Estate Agents, Brokers or Financial Advisers are also important. But consider motivation.
• Don’t be shy. Ask questions and establish if the firm is the right one for you
• Read the whole quote and check terms and conditions.
• NB: A quote cannot cover all eventualities. The information available to the Conveyancer is limited at the outset. Things can occur during a transaction which incur additional fees or disbursements. For example, a Conveyancer will not have seen the title at this point. There could be defects.
• No one can insist on you using a particular Conveyancer. The Regulations that bind Agents, Solicitors, Developers, Brokers & Financial Advisors prevent them from forcing you to use a particular firm. You may be pushed towards a particular firm. But the choice is yours.
• Buying a new build? The developer site staff may suggest you use a Conveyancer on their approved panel. This is generally a good idea as these firms are familiar with the site and can progress quickly BUT the above principles still apply. Some on the panel may be superior to others.
Final Note - you get what you pay for.
Buy cheap pay twice!
READ MORE HERE:
How Much Does / Should It Cost?
The article on the weblink below is an interesting read and compares conveyancing prices nationally.
Whilst it is good to be competitive, Conveyancers have historically under-charged, whereas Estate Agents have not. This accounts for the huge difference in fees. Fierce competition between law firms resulted in fixed fees becoming commonplace and a race to the bottom.
in the aftermath of Covid most firms realised their worth and put prices up. Don't forget that the government heavily regulates Conveyancers and has made them the front line in the fight against ID theft, property fraud and money laundering.
Conveyancers must verify identity and source of funds. This adds to an already overburdened heavily regulated workload. Someone has to cover the cost of the additional work imposed by today’s regulations. Over regulation also slows matters down.
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