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The following article was published in our article directory on December 16, 2011.
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Hiring a Conveyancing Wales Service

Article Category: Real Estate

Author Name: Lara Ryan

Hiring a conveyancing Wales service is vital if you want your real estate transaction to be closed in a timely fashion with minimal stress on your part. Conveyancing is the legal and administrative process involved with transferring title to a property to another party. While you can perform the process on your own, it is better if you hire the services of a professional conveyancer to complete the sale for you as this will save you time and money as well as avoiding any potential problems that could cause the deal to fall through.

The normal practice in land transactions under Welsh law is that they are not legally binding until the contracts are exchanged. Prior to this, the two parties discuss a price for the sale of the property. The seller then collects information to be provided to the buyer s conveyancer while the buyer s conveyancer performs searches for things such as plumbing, health inspection records and building information. The complete process may take between ten to twelve weeks although it may take longer depending on a number of factors such as financial and legal issues. Keep in mind that before contracts are exchanged, the deal may fall through at any time and it is part of the duties of the conveyancing Wales service to ensure that this does not happen.

There are two kinds of conveyancing Wales services that you can hire. Licensed Conveyancers handle all the tasks related with completing the sale and transferring the property, including performing property searches with local agencies, drafting contracts that set out the terms of the transaction, acting as a liaison with banks and other mortgage lenders to ensure that they have all the needed information and advising clients of any costs that are incurred on their behalf, such as stamp duty, and then paying them. However, one thing the Licensed Conveyancer cannot do is offer you any legal advice and they must refer you to a qualified solicitor.

When you re considering a conveyancing Wales service, here are some things to look out for:

Make sure that the service charges a one-time fee for the entire process, and will not bill you until the transaction is successfully finished. If the transaction falls through, the service should waive their fees and charge you only for the disbursements that have been paid out.

You should be allowed to speak with the particular conveyancer who will handle your case. Many services assign conveyancing to groups of paralegals or associates to take care of with a Licensed Conveyancer or Conveyancing Solicitor overseeing them. However, with more complex transactions such as those involving leaseholds, you will want a professional handling your case.

Once you ve expressed interest in engaging a conveyancing service, they should send you a Client Care Letter that lists a breakdown of their fees as well as a description of the services they will provide. Don t hire a conveyancing Wales service that does not include any of these things in their client care letter.

Keywords: conveyancing, cheap conveyancing, conveyancing uk, conveyancing wales, compare conveyancing

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