A UK conveyancing solicitor has warned house buyers about the pitfalls of DIY conveyancing as more and more people are choosing to cut costs by cutting out professional conveyancing services.
It’s no secret that the recent global recession has hit the majority of people hard, leaving them with little choice but to cut their outgoings wherever possible, but this shouldn’t include conveyancing services, which can be vital in ensuring that a purchase goes through successfully. Whilst hiring a conveyancer isn’t a legal requirement for buying a house, it is highly advisable, if you don’t want to run into serious problems.
The Importance of Professional Conveyancing
Anyone that has ever gone through the process of purchasing a house will know how complicated it can be. Looking around properties and actually deciding which one to buy is the fun part – finalising the deal with the current owner’s legal team and sorting out the paperwork and documentation should be left to a professional conveyancing solicitor who possesses the required legal knowledge and expertise to see the deal through successfully.
DIY Conveyancing: Is it really Worth the Hassle?
Saying that DIY conveyancing can be a hassle is an understatement. It involves a great deal of paperwork, much of which is packed with legal jargon which you are unlikely to understand. Failure to read and fully understand this paperwork can often lead to problems and disputes which can be very expensive for you. One of the biggest advantages of hiring a conveyancing solicitor is that they have negligence insurance that will pay out if any mistakes or made. If you carry out the conveyancing yourself, you will not have such insurance to protect you should any problems arise. You will be personally responsible and this can cost you.
So, whilst the current economic climate makes it more than a little appealing to cut corners and cut conveyancing costs, it is extremely inadvisable if you your house purchase to go through successfully. The avoidance of professional conveyancing services can save you money initially but if something goes wrong, it can ultimately cost you big. Be careful!
Tel: 01244 408300
Fax: 01244 408310