Monthly Archives: August 2016

licensed conveyancer check

How to conduct the licensed conveyancer check

Everyone understands that to transfer house from one title holder to another; the conveyancing process needs work successfully. There are many advantages of using licensed conveyancer whenever you are buying or selling the house. However, one must have some licensed conveyancer check to verify the authenticity of the conveyancer and to get the most of the advantages. However, before that it is important to understand what a licensed conveyancer is.

Who is a Licensed Conveyancer?

A licensed conveyancer is a qualified professional for property law who can practice conveyancing. However, they need to hold the license from the Council for Licensed Conveyancer also known as CLC in the United Kingdom. A licensed conveyancer has to go through all the examination to hold the license. However, interestingly, the license can be for limited time and at the same time, it can be for the full time as well. A limited license holder cannot start his professional conveyancing service, unlike the full-time. A limited and complete time licensed conveyancer must have 8 and 12 hours of professional training respectively by the Continuing Professional Development Training or CPD. The licensed conveyancer is also accountable to Authorized Conveyancing Practitioner Board apart from CLC.

Licensed Conveyancer Check

The criteria for a licensed conveyancer should match, and verified whenever you are searching for a licensed conveyancer. The licensed conveyancer check is a continuous process that starts from the beginning of the search. The first thing to verify is that whether the CLC regulates the conveyancer. It is relatively easy to find out the names of the enlisted conveyancer. The professional and the other related information must also verify accurately. There is no harm to contact CLC to cross check the authenticity of the conveyancer. The tests are vital for the conveyancer as it can ensure that the conveyancing is in the right hands.

Benefits

There are scores of benefits for using the licensed conveyancer. The first is that one can get trustworthy and professional services. The enlisted conveyancer undergoes training and certifications before holding the license, so the credibility and the exposure of the conveyancer are highly rated. There is a standard fee for the authorised holder that is regulated by the authority and one cannot violate the regulations. In case there is any discrepancies in the services and the payment for the conveyancing process during buying or selling of the house, you can have your complaint placed with the CLC. This ensures that the authorities will emphasise the interest of the consumer. These are enormous benefits but can only help when you opt for the licensed conveyancer.

This is the prime reason one must go for the licensed conveyancer and should carry out the licensed conveyancer check. This will ensure not only high-quality service but also security to the buyer or seller during conveyancing process.

conveyancing solicitors questions

The Important conveyancing solicitors questions

Your home is your fortress, and you and your family build your lives on it. It is, therefore, imperative that when selecting a home, you choose one that you really want. The real estate sector can, however, be very competitive and even with unlimited funds it takes a good professional to get the best deal in the area. You want to choose a team of professionals that will get the home you want. Even if you are a seller, good conveyancing solicitors questions will help you find the very best to make sure that you do not get ripped off.

Choosing a conveyancer has been made easier with the advent of the internet that provides sellers and buyers with the option of comparing quotes online without having actually to meet them face to face. The process is so easy these days that the transaction can be completed without you having to move an inch. It is, however, important that when choosing a conveyancer you ask the right questions so as to ascertain that they are the right person. Remember that the legalities of the transaction are crucial for its success. It is also noteworthy that because of such causes one in very three potential real estate transactions falls through.

As you do your homework concerning the conveyance make sure that you engage them with useful questions. These are some of the issues that should be discussed.

  1. The Cost

The cost is perhaps the most important issue to be addressed. Internet forums provide avenues for one to get the cheapest conveyancers in an area. However, the more affordable option is not always the best. Cheaper may mean that they may have less experience or that they have too many clients that the kind of service they give is poor. After shortlisting your desired conveyancers, you can start contacting them via telephone or email so as to get an idea of their experience and expertise.

  1. Their experience

Experience is everything in conveyancing. The more experienced you are, the more connected you are and thus the easier it is for you to complete a transaction. Conveyancers can be divided according to the clients they deal with. For instance, there are those that specialize in first-time buyers who are on a tight budget while there are those who are more experienced that specialize in multimillion dollar deals.

  1. Professional Indemnity Insurance

Indemnity insurance will protect you from any loss arising from poor performance or negligence by the service provider. In case you incur a loss due to the poor performance of your conveyancer, it is their professional indemnity insurance that will cover your losses. It is important therefore that you confirm whether your conveyancer has professional indemnity insurance cover.

  1. Solicitor Support

Conveyancer and a solicitor might offer the same services, but a solicitor is much more suited to handle complex cases. Solicitors are first fully fledged lawyers with training in many fields of law. If a conveyancer is unable to sort out a complicated issue, he/she will sort out the help of a solicitor. You thus have to ensure that your conveyancer has the support of a solicitor.

These categories of conveyancing solicitors questions will help you figure out the most suited solicitor for your case. These questions will also allow the solicitor to prove to you what to expect, how long it would take and the cost of the whole process. This questions will help you get peace of mind before you invest on a conveyancing solicitor.

Shared Ownership Explained

Shared Ownership Explained – How Government can help you?

Buying a house in the United Kingdom is the dream of every citizen but as always the financial constraints or the other reasons hold them back. Yes, some people are moving into the shared ownership with different housing associations but how helpful these schemes are and how to take advantages of it. Here is the shared ownership explained so that the core idea behind the ownership and the benefits are clear.

Shared Ownership Explained

The shared ownership is one of the finest schemes released by the government for some set of people and reasons. The first thing about the shared ownership is that you can enjoy your house even though you do not own it completely. The first thing that has to be understood is the basic concept of the shared ownership. The ownership of share simply justifies that the owner can buy part of the house and rest can be purchased when he has money. This was first allowed for the first time buyer, but now the government has extended it. However, this is not all. There are many things that one must consider as a part of the shared ownership. The mortgage, deposit, and the association are crucial parts of the shared ownership.

Mortgage and Deposit

Here is the relation between mortgage, deposit and the purchasing shared ownership explained. If a person buys a quarter part of the house from the housing association, he has to pay the purchase amount of the 25% of the house. He will give rent to the Housing Association for the remaining 75% of the house which you can later buy. However, the rules for mortgage and deposit do not change for the shared ownership. One must secure the deposit of 25% to get a mortgage. However, different schemes from the government further help the person to buy a house with mere 5% of deposit. Once you complete it, the conveyancing process starts and the 25% gets transferred to your name. You can follow the same suite next time and buy another 25% or remaining portions as part of the shared ownership.

How to sell shared ownership

This is one of the common questions that arise in the mind of the people. The first thing is that if you do not hold the entire property, you need to sell it to the same housing association you have bought it from. However, if you have bought the whole house but until 21 years, after 100% property is transferred to your name, the housing association would have the first right to buy it from you as per the scheme.

This is shared ownership explained in short, but one must understand that the scheme is to facilitate housing schemes to everyone, and none should leave the opportunity.

Are Online Solicitors Services worth trying?

Using online solicitors is getting more popular nowadays, but is it efficient? Is it as good as the regular face-to-face service? If you are about to sell or buy a house in the United Kingdom you need to understand that conveyancing involves substantial costs. Moreover, if you do not learn and understand the process, you are likely to end up spending more money than you should. What are the primary differences between using an online solicitors services and the old fashioned face-to-face way?

Pros of Online Solicitors Services

For starters, the online conveyancing firm will likely provide you with and upfront quote for the work you are requesting. Moreover, you are probably not going to be charged for the quote, whereas the traditional conveyancing firm is more likely to charge you for the quote. Not only for the quote but also for the time spent with you and your case. Besides the quote, most online solicitors do not ask for any upfront payment as well.

There is also transparency with the service; due to all the management tools they use, every step of the sale or purchase will be recorded online. That would give you a chance of following the process closely, and check the progress at any time from your house. That is another benefit about online solicitors; whether you are at home or working you save time and money by doing things from your computer.

Cons of Online Solicitors Services

However, online solicitors are sometimes not as good as it seems to be. For example, using an online conveyancing service means you are allowing a conveyancer who’s probably not from the area to do all the research needed about the property you are willing to buy or sell. That could generate extra costs, for instance, a local knows exactly what types of searches required for that particular area, while an online solicitor would probably do unnecessary searches, which would bring an extra cost to the buyer or seller.

You must bear in mind the solicitor is the person who acts on your behalf. Sometimes getting advice about some particularities of the process could be difficult at a distance. In addition to that, the transactions might take longer than it would, because few things may require the use of the post service, which could cause delay.

The lack of a personal touch is also another downside about online conveyancing. Most of the online solicitors have a team that is responsible for dealing with your matter. This means, you are not likely to be talking to the same person. In some cases, you cannot even speak with the person you need on the phone, for there is always a holding queue.

When it comes to online solicitors, you ought to understand that there are pros and cons about the service. Finding a good solicitor is not an easy task; it takes patience and much research. Deciding on the online conveyancing service over the local solicitor will implicate in different outcomes. There are differences between hiring a conveyancer to assist you with a sale and purchase, just make sure you are hiring the right solicitor for the right purpose.