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When you decide to sell your hone you are faced with one of many difficult choices, whether to hire a conveyancer or a conveyancing lawyer. In order to make the best decision it is important to understand the differences between the two, as both conveyancing lawyers and conveyancers have their own advantages and disadvantages. We will look at this subject in more detail in the following article.
Understanding The Difference
Simply put – conveyancers are not lawyers, but they are licensed and qualified to handle the legal work connected to property transactions, within the stipulated terms of the Conveyancers Act 2006.
On the other hand, conveyancing lawyers are fully qualified lawyers who specialize in conveyancing. This means that they can not only handle all work connected to conveyancing, but also all other property related legal work such as family court matters, property law disputes, estate planning, wills and probate. These are things that conveyancers cannot do, and even if you chose to hire a conveyancer, you would still have to seek advice from a lawyer about such matters.
It is no secret among conveyancers that conveyancing lawyers offer the most comprehensive server and representation when it comes to buying and selling property.
Are Licensed Conveyancers The Cheaper Option?
In theory, the answer to that question would be yes. Licensed conveyancers tend to offer their services at a lower rate than conveyancing lawyers. However, you have to consider that the overall cost after the buying or selling process has completed may be more than anticipated, particularly if you needed to hire a conveyancing lawyer as well as your conveyancer because of legal matters that conveyancers are not qualified to deal with.
Therefore, it is worth understanding the property you plan to sell or buy, all the legal consequences connected and research potential conveyancing agencies and conveyancers before making a decision on who to hire.
What Other Benefits Come From Hiring Conveyancing Lawyers Rather Than Conveyancers?
PI insurance or professional indemnity insurance provides cover for any professional against carelessness or neglect while carrying out their work. While conveyancing lawyers are covered to the fullest extent by this insurance against everything thing they do in a professional capacity for their client, conveyancers only have coverage for conveyancing work and transactions.
It is also worth considering that while conveyancing lawyers have access to senior lawyers and other barristers who provide the conveyancing lawyers with assistance when issues and matters require court representation. A barrister's services can only be requested by a licensed lawyer, which puts conveyancers at a distinct disadvantage in those situations.
If a conveyancer needs to the advice and assistance of a barrister, their client needs to hire a qualified lawyer who can then put them in contact with a barrister, which means that a licensed conveyancer is nothing but a rather expensive middleman.
Contact a law firm like KJB Law if you have specific questions about conveyancing law and how a lawyer can help you in buying or selling property.
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