These Four Tips May Just Make Finding A Conveyancer Less Daunting For You

Buying or selling a property is arguably one of life’s most stressful events – apart from the fact that it is an enormous financial commitment to find yourself in.

To make sure that nothing fails in the transaction and that the entire process goes smoothly, it’s important that you get the legal aspects right – from carrying out property searches (for example a Local Authority Search), transferring funds, drafting and exchanging contracts, transferring the property ownership, etc. This is why you need to hire a conveyancing solicitor who can act on your behalf throughout this process.

To make it less stressful, there are four things that we strongly urge you to have a look at and follow. These four pieces of advice can guarantee that conveyancing will be less daunting as possible.

  1. Know What You’re In Search Of

The past several years has shown us an increasing amount of conveyancing experts whilst traditional solicitors have stayed around. Local conveyancing solicitors are still up in their offices doing their jobs like clockwork while online conveyancing services have become the “in” thing, backed up by contact centres and offshore firms. It’s so easy these days to obtain online conveyancing quotes as there are numerous websites offering this facility.

When you’re in search of competent conveyancers, know what you’re looking for and what you most definitely need. You need to consider the money you’re willing to pay against the price they have for their services. The cheapest ones may not be as great and you may end up spending more than saving. Know for yourself whether you’re willing to pay a bit more for services that are guaranteed to meet or exceed your expectations. Asking the right questions and do not compromise to something that leaves doubt in you.

  1. It Is Always Great To Do A Little Window Shopping First

Have a look at the firms/experts recommended by your estate agent, mortgage lender, relatives, and friends. Then find a few more through the Internet. Get quotes from who’s in your list, and then narrow down your search by marking the ones you believe can help you in the legal aspects of this transaction. Shopping around may mean you need to make time for it but it can be a sure way to get the exemplary service you’re willing to pay for.

  1. Communicate… And When In Doubt, Communicate

Nothing beats an open communication line. It gets everything smoothed out and the challenges are overcome with intelligent decisions. Of course, it is very important that the conveyancing solicitor in mind can communicate effectively with you.  The first thing you need to find out is if you can directly get in touch with them via email or phone as you need to be updated with how things are going in the process. Conveyancing solicitors, whether backed by a contact centre or independently working, should be able to give you the latest update, what has been accomplished, what else needs to be done, and what challenges lie ahead in the transaction.

  1. Your Rights Matter… All The Time

A conveyancing solicitor’s job is to reduce the amount of stress brought in by the transaction itself. You’re already stressed enough with things outside conveyancing – having dealt with estate agents, the pending moving out/in, and other preparations, which you need to have a competent solicitor to work on the legal aspects with as much diligence. If your conveyancing solicitor seems to be giving you stress as opposed to being of great help. know your rights. File a complaint through their complaints services team, or if things get worse, the Legal Ombudsman can be your best option to have things resolved.

 

Why The UK Housing Market Continues To Rise

It has been widely reported that the UK housing market is very likely to keep rising and have that momentum stay for roughly a couple of years. In the end of 2013 alone, studies have shown that the housing market quickly followed the trend of a thriving economy throughout that past year. Housing prices, on the average, have increased from 0.4% to 1%, and has an overall increase of 8%, according to UK economists.

The reason for the upturn in the increase of housing prices is primarily because of a brighter economic perspective within the country, and the improvements in the job market itself. These developments have contributed to rev up the confidence of potential home buyers, believing that they can afford it now, compared to how they thought they could not in the past.

Consequently, the continuous rise in the housing market was perceived to be brought about by the quick increase in the supply side whilst the demand has not moved to match it. Affordability has also played a major part in this.

It has been also reported that the generally expected continuity in the momentum of the UK housing market will include mortgage activity, price movements, and credit growth. The Bank of England officials have officially stated that they have implemented schemes and tools to control the recovering housing market until it consistently thrives towards the future.

And while the Bank of England’s decision to end its Funding For Lending scheme where banks and society builders are able to borrow money from them to lend to their borrowers, it was predicted to have no significant impact in terms of stopping this housing market momentum. However, it only goes to show that they have shown a level of great preparedness to put its reins on the market should it become unstoppably high in the coming years.

Additionally, the government’s move to implement the Help To Buy scheme also has an effect on the housing market momentum. Because the UK government wants to make sure that its citizens will be able to afford homes, opportunities to build and sell more have become more plausible. The scheme has outranked its predecessors in terms of its target market. At present, Help To Buy is aimed for all home buyers and not just first-timers. It is believed that its main effect will be seen through the increase in the number of transactions to take place, while the increase in selling price comes second.

According to reports, in the 3rd quarter of 2013 alone, mortgage lending has increased by £910 million; leading sellers and estate agents to mark their prices up. More affordability meant higher housing prices for them, apparently.

It is foreseen that the house prices across the country will keep rising this year as backed by concrete gains in low mortgage rates and increase in job opportunities for its citizens. People now have something better to look forward to and be confident about. If they’re able to secure jobs along the way and lenders continue to give them affordable mortgage terms, surely the demand for properties will be on the level with the increase in built homes.