Conveyancers vs Solicitors: Understanding the Similarities and Differences
There is more to home buying and selling than signing a contract and shaking someone’s hand. The whole process often entails the help of professionals from various fields. These include conveyancers and solicitors, who guide homebuyers and home sellers through the often complicated process of property transfers.
Thanks to apps and online platforms, comparing conveyancing costs in the UK has never been easier. The challenge, however, is identifying the right professional for the appropriate services. To the untrained eye, the line between a conveyancer and a solicitor is often blurred.
Difference between a conveyancer and a solicitor
First, both conveyancers and solicitors have the same area of expertise. Both are licensed to legally act on your behalf when it comes to settling matters regarding property transfers. They can represent either a seller or a buyer.
The difference lies in both their services and their costs. Most straightforward transactions or those that include low to mid-value properties would involve a conveyancer. This is because with conveyancers, the transaction is easier and the services cost less.
On the other hand, buyers and sellers who are embroiled in a complicated property transaction or the property involved is of significantly high amount, a solicitor might be the person to call. Solicitors, like conveyancers, have in-depth knowledge of property laws. But they are also highly knowledgeable in other legal fields like taxation, which can be a great asset in finishing a transaction.
Which should you choose?
The choice depends on your budget and your needs. Professional services come at a cost and you have to make sure that you’re getting what you’re paying for. The nature of the property will also play a huge factor in your choice of conveyancing professional. Do your due diligence and find out how a conveyancer or a solicitor can help you with your property needs.