Improving the Conveyancing process - Instructing the Right Solicitor is Key

Improving The Conveyancing process For Both Sale And Purchase

When someone decides they wish to move house, their first port of call should be to establish which lender will allow them to borrow the money they require in order to buy a new house. Speaking to a Mortgage Broker will give them an idea of how much they will be able to borrow, and which lender will potentially lend them the money.The Broker will help the client to apply for a mortgage, and once the mortgage offer is received back, the client will know how much money they can afford to spend on their next house. 

At this point the Mortgage Broker should encourage the client to find a Solicitor who can do their conveyancing, based on whether the Solicitor is on the mortgage lenders approved panel. (The solicitor will be able to handle both the sale and the purchase, but the crucial thing is that they are on the mortgage lenders approved panel of Solicitors).

Conveyancing Comparison Service

Using a conveyancing comparison website such as Homebuyer Conveyancing, can help enormously with this, as you can search for a Solicitor by Mortgage Lender, and also by either cheapest price or by location of the Solicitor. A conveyancing quote can then be done for the combined sale and purchase so that one solicitor is managing both transactions.

Since the Pandemic, Solicitors have ensured that they can still do their conveyancing work without needing clients to visit their offices, so do not be afraid of using a Solicitor who is not local to you. Often Solicitors costs are cheaper in areas where the cost of living is cheaper, so consider using one of these instead of an expensive City Centre Solicitor.

Mortgage Broker Due Process

The Broker should encourage the client to instruct the Solicitor as soon as possible for their house sale as they have all the information required to do this. This means that all the paperwork for the property sale is in place once they get an offer, and they can then start the conveyancing process immediately. Once they find a property to purchase, and their offer is accepted, they can also instruct the Solicitor for the purchase. But in the mean time, the property sale is already moving forward.

How To Avoid Choosing The Wrong Conveyancer

A big mistake which is made by home movers, is that when they put their house for sale with an Estate Agent, the Agent refers them to their local Solicitor for their conveyancing. But once they have their mortgage offer and find a property to buy, that Solicitor may not be on the mortgage lenders approved panel, and so cannot do the conveyancing for their property purchase. They will then have to use a different Solicitor for their purchase which complicates things and means there is another person involved in the process. Keep it simple, and use one Solicitor for both your sale and purchase.