Moving home can be stressful and time consuming. YOPA revealed in a recent survey that 60% of people put off moving home because change is stressful. That’s why it’s important to choose a reliable Lawyer you can trust to help and advise you through what can be a complex and daunting process.
Topics to be answered in this article
What is the difference between a Lawyer, Solicitor, Chartered Legal Executive and Licensed Conveyancer?
You have probably come across many different terms used to describe a Lawyer.
A Lawyer is a blanket term used to describe any individual working in the legal profession, whether qualified or not. For example, a Lawyer could be an unqualified Paralegal or a fully qualified Solicitor.
A Solicitor is a qualified Lawyer who is regulated by the Solicitors Regulation Authority. A Solicitor has undertaken many years of studying and training to earn their qualification to practise and is fully trained in legal services.
Chartered Legal Executive
A Chartered Legal Executive is also a qualified Lawyer but is regulated by the Chartered Institute of Legal Executives. A Chartered Legal Executive (CILEX) has also undertaken many years of studying and training to earn their qualification to practise and is fully trained in legal services.
A Licensed Conveyancer is a qualified Lawyer who is regulated by the Council for Licensed Conveyancers. As with Solicitors and CILEX, they have studied and trained for many years to earn their qualification to practise, however Licensed Conveyancers specialise in Conveyancing only.
What will the lawyer do?
The Lawyer will look after all the legal work involved in your sale or purchase. This is likely to include:
Handling the Contracts
Giving you bespoke legal advice
Carrying out council searches
Dealing with the Land Registry
Transferring the funds to pay for or sell your property.
What are the costs involved?
Depending on the Lawyer you choose to instruct, they may charge a fixed fee for the work involved or may provide a quote for work based on their hourly rate. Quotes will vary, so be sure to find a Lawyer that meets your individual needs.
You may also find there are additional charges involved to cover extra work for services involving Help to Buy ISAs, gifted deposits, Statutory Declarations, and other additional services which may arise during your transaction.
As well as the Lawyer’s fee, you can expect to pay further costs, known as disbursements, to third parties to cover searches, Land Registry fees, Stamp Duty and bank charges.
At Goughs we quote on a bespoke basis, so additional costs don’t sneak in further down the line.
How will communication work?
You should be able to ask your Lawyer any questions throughout your sale and purchase by email, telephone or coming in for a face to face meeting. Some firms provide an online portal which provides updates on the progression of your case.
At Goughs, we offer you a dedicated Lawyer who will be your point of contact throughout your transaction. As well as being available to speak with you by email and telephone, being a local firm allows us to meet our clients and provide a bespoke service face to face.
How to choose a lawyer?
Before you instruct your Lawyer, be sure to find one that best suits your individual needs and requirements. You may wish to speak to family members, friends or the estate agents for recommendations of local lawyers who may be able to help.
You can also check the credentials and qualifications of a firm or a particular lawyer on the Solicitors Regulation Authority checker service.
Finally, you may also want to look at reviews and ratings on Google and TrustPilot.