The number of conveyancing firms falls to a 7 year low
The bigger and smarter you are, the better your chance of survival. That’s the message coming out of the conveyancing market with the number of firms falling to their lowest level since 2011. However, with an increase of 20% in the volume of completed transactions, the picture is a complicated one.
The key to staying on top in an uncertain market is the use of technology, with firms that thrive being 29% more likely to offer access to an online portal and use technology to streamline the process. Being tech savvy is allowing larger firms to steal a march on their rivals, while a process of consolidation among smaller firms is allowing them to stay competitive.
With the number of firms shrinking so dramatically, it’s more important than ever to find the right conveyancer for the job.
What is conveyancing?
When you move house, conveyancing is the legal transfer of a property from seller to buyer. This can be done by a qualified conveyancing solicitor or a dedicated conveyancing firm. The advantage with using a service like https://www.samconveyancing.co.uk/ is that you can expect a bespoke concierge service that covers every aspect of the conveyancing process, smoothing the way if any issues occur.
Why do I need a conveyancing solicitor?
There’s been a trend towards using online firms or even doing it yourself in recent years. But using a solicitor gives an extra layer of protection and the peace of mind knowing that every possible issue will be dealt with.
Your solicitor will have a wider knowledge base than a licensed conveyancer so they can troubleshoot problems before they have the chance to hold up the process. They’ll also conduct all the searches and provide legal advice relating to your mortgage offer.
What to look for from a conveyancing firm
– Look for a conveyancer you can contact easily by phone or through a website portal.
– Find a conveyancing firm that offers a full suite of services including mortgages and surveys so you can keep track of every part of the process through one point of contact.
– Check that your quotes don’t hide hidden extras that you’ll be expected to pay later: look for a firm that offers a fixed upfront fee and a no sale no fee guarantee if things do go wrong.