Thursday, May 5, 2011

DIY Coveyancing : Pros and Cons

DIY-conveyancing is perfectly possible. If you are not put off by legal jargon and willing to deal with the large amounts of paperwork involved then you might manage without a professional conveyancer or solicitor. However, it is advisable to think about this very carefully, as it is a complex and time-consuming business. If it is not carried out properly you could, for example, find yourself involved in costly legal disputes over boundaries, or discover that there is a new road planned to be built opposite your home, or even that the seller did not have the legal right to sell the home.

In reality very few homebuyers undertake the conveyancing themselves, for three main reasons:

Many mortgage lenders will insist on employing a solicitor to protect their interests. They will not risk having shoddy conveyancing work.
There is a higher chance of things going disastrously wrong.
The other people involved may not be happy with you doing your own conveyancing, and may even reject your offer on this basis.

There are some cases in which DIY conveyancing is particularly inadvisable, for example:

the property is being sold by a divorcing or separating couple (this requires specialist skill or knowledge).
the property is not freehold.
the property is unregistered.
the property is not a house.

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