Conveyancing is the term given to the legal process of buying and selling a property. A conveyancer can be either a licenced conveyancer or a conveyancing solicitor. Their role in the process is to deal with all of the legal aspects of moving house.
These legal aspects dealt with by a conveyancer include Stamp duty, Land charges search and registry, local search and home information packs. Of course conveyancing services cost money so it is a good idea to first obtain some quotes from a range of companies. When using online conveyancing services make sure that you know what is included in the quote. This is to ensure that you get the best price and service for your money. According to the BBC, these charges usually cover the conveyancer’s time, phone calls, faxes, letters and their indemnity fee. A buyer should be aware of the possible hidden costs which can be involved in conveyancing.
Hidden costs are often easy to miss. Make sure to take a closer look at all of the small print and look out for additional charges such as: an extra £30 – £50 on Professional Indemnity Contribution, postage, photocopying and phone call charges which could range from £5 – £50, dealing with your lender for around £100 – £150, £50 for filling out the Stamp Duty tax return and dealing with leasehold property which could cost anywhere between £50 – £250.
To avoid using a service with hidden charges, turn to one that you can trust. Using Saga’s Conveyancing Service means that you will be given a fixed price up front with absolutely no hidden fees so that there is no risk of spiralling costs. Saga also has no hourly charges and should the deal fall through, their Mover Protection could reimburse your costs. If the process of conveyancing has your head in knots then put your mind at rest with Saga’s seller and buyers guide to conveyancing which contains everything you need to know about conveyancing, whether you are a seller or a buyer.
Hidden costs in conveyancing can be all too easy to over-look which is why it is recommended to seek services from a company who will not sneak in hidden charges to your overall cost. With Saga, you can be certain that your bill will not contain any hidden costs or surprises.