Has any done their own conveyancing when selling their house - HotUKDeals
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Has any done their own conveyancing when selling their house

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We will be selling our house next year and every penny counts so I want to save money where possible. So can I do it all myself ? I'm quite handy with legal stuff as I've set up a LTD, VAT and done sm…
PulisOut Avatar
3m, 3w agoPosted 3 months, 3 weeks ago
We will be selling our house next year and every penny counts so I want to save money where possible. So can I do it all myself ? I'm quite handy with legal stuff as I've set up a LTD, VAT and done small claims before. I can't see dealing with conveyancing any more difficult. Anyone done it ?
PulisOut Avatar
3m, 3w agoPosted 3 months, 3 weeks ago
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#1
You want piece of mind and indemnity then stop trying to save £2000 it's not worth it. Anyone can set up a limited company or do VAT returns but you are talking about a substantial and life changing amount of money in what can be a highly complex and time consuming procedure. You would have to be absolutely bonkers to even consider it !
#2
don't do it! Definitely not worth it - i'm a solicitor and i wouldn't do my own. As the previous post said, it's about getting an indemnity / protection from your solicitor in case anything goes wrong / something isn't spotted and you have recourse... plus, it's a tonne of hassle and paperwork and the cost is minimal (to be honest, i've no idea how conveyancing solicitors make a living, they make negligible money on the transactions given all the work involved). There are things you can save on, but conveyancing is definitely definitely not one of them! Do not do it!
#3
Clint33
don't do it! Definitely not worth it - i'm a solicitor and i wouldn't do my own. As the previous post said, it's about getting an indemnity / protection from your solicitor in case anything goes wrong / something isn't spotted and you have recourse... plus, it's a tonne of hassle and paperwork and the cost is minimal (to be honest, i've no idea how conveyancing solicitors make a living, they make negligible money on the transactions given all the work involved). There are things you can save on, but conveyancing is definitely definitely not one of them! Do not do it!
All the work involved ?? Hardly a 12 hour shift at the pit face is it . £2000 is quoted for how many real time hours ?
A friend of mine buys and sells land for the government so decided to do his own . Met massive resistance from other parties solicitors and it dragged on for ages . Jobs for the boys he said .

Edited By: plodging on Nov 03, 2016 00:18
#4
A colleague of mine tried to do it but found that the buyer solicitors put up obstacles and refused to talk to him and would only talk to another solicitor so he was forced to go down the traditional route
#5
Clint33
don't do it! Definitely not worth it - i'm a solicitor and i wouldn't do my own. As the previous post said, it's about getting an indemnity / protection from your solicitor in case anything goes wrong / something isn't spotted and you have recourse... plus, it's a tonne of hassle and paperwork and the cost is minimal (to be honest, i've no idea how conveyancing solicitors make a living, they make negligible money on the transactions given all the work involved). There are things you can save on, but conveyancing is definitely definitely not one of them! Do not do it!

They make money because they don't actually do it. Their assistant secretary does all the paperwork
#6
Where has the £2000 figure come from? I just used a solicitor for a transfer of mortgage and equity and paid £300.
#7
mutley1
A colleague of mine tried to do it but found that the buyer solicitors put up obstacles and refused to talk to him and would only talk to another solicitor so he was forced to go down the traditional route
Yep same story with my mate .. Who is a land buyer for the government !!
#8
Sorry peps I don't agree. If the is a way a person can do this on the own I will be going ahead. As for the risks ? what risks and what protection does using a solicitor give me anyway ?
I know people who have bought houses and been right stitched up without claims against the solicitor. One even bought an house from a person who had no legal right to sell it and lost all their money. And what about these scams where people intercept solicitors email ? people are losing millions on those and they can't get that from the solicitors who allowed the email to be hacked.
We have owned the house for 30 years, even if we hadn't a house changes hands many times and each time a solicitor is involved they should recover any issue on the searches. So what is going to come out of a new search ?
#9
Personally, I would distrust the intention of the other side if they did their own conveyancing. If they instruct a solicitor, you feel more confident they are serious about the sale as they have incur costs. People sometimes go into transactions half heartedly then pull out.
#10
ktm666
Where has the £2000 figure come from? I just used a solicitor for a transfer of mortgage and equity and paid £300.

They charge based on the sale price. I am selling a house now and the quotes I had range from £2,000 to £3,000 + vat. I have paid a lot lower before but the sale value is a lot less.
#11
So how's the conveyancing going ?
#12
stiffnuts
So how's the conveyancing going ?

I'm only doing research at the moment, won't be doing it till next year when we sell the house.
#13
Honestly I wouldn't even consider it.
There are so many small details which can easily be overlooked that cause massive headaches later down the line if your not actively looking for them and correcting them before competition.

No conveyancer would actually do all their own conveyancing as they know they'd likely over look something in the new house goggles.
A person with no experiencing trying to do their own from start to finish is just asking for trouble.

It's far, far more complex and costly then making an LTD company, doing a tax return or taking someone to small claims.
If anything goes wrong you can easily be losing thousands on the value of the property, voiding contracts (insurance, mortgage terms, etc) and generally stuff you don't want.
#14
joedastudd
Honestly I wouldn't even consider it.
There are so many small details which can easily be overlooked that cause massive headaches later down the line if your not actively looking for them and correcting them before competition.
No conveyancer would actually do all their own conveyancing as they know they'd likely over look something in the new house goggles.
A person with no experiencing trying to do their own from start to finish is just asking for trouble.
It's far, far more complex and costly then making an LTD company, doing a tax return or taking someone to small claims.
If anything goes wrong you can easily be losing thousands on the value of the property, voiding contracts (insurance, mortgage terms, etc) and generally stuff you don't want.

I'm not buying I'm selling.

As for complex, if any person is capable of doing it then great I'm a person I've never met a superhuman solicitor or should I say trainee.
#15
PulisOut
joedastudd
Honestly I wouldn't even consider it.
There are so many small details which can easily be overlooked that cause massive headaches later down the line if your not actively looking for them and correcting them before competition.
No conveyancer would actually do all their own conveyancing as they know they'd likely over look something in the new house goggles.
A person with no experiencing trying to do their own from start to finish is just asking for trouble.
It's far, far more complex and costly then making an LTD company, doing a tax return or taking someone to small claims.
If anything goes wrong you can easily be losing thousands on the value of the property, voiding contracts (insurance, mortgage terms, etc) and generally stuff you don't want.
I'm not buying I'm selling.
As for complex, if any person is capable of doing it then great I'm a person I've never met a superhuman solicitor or should I say trainee.
Anything goes wrong your liable, and the new owner can take you to court.
You'll also have a fun time verifying yourself to and convincing the other solicitor to deal with you. Same goes with the bank and estate agent.

After insurance(s), indemnities and your time taken into consideration your not going to be saving much if anything.
That's not even taking into account the extra time it will (likely) take will increase the chance of the buyer dropping out.

If it was easy they wouldn't spend thousands and years becoming a solicitor.
#16
joedastudd
PulisOut
joedastudd
Honestly I wouldn't even consider it.
There are so many small details which can easily be overlooked that cause massive headaches later down the line if your not actively looking for them and correcting them before competition.
No conveyancer would actually do all their own conveyancing as they know they'd likely over look something in the new house goggles.
A person with no experiencing trying to do their own from start to finish is just asking for trouble.
It's far, far more complex and costly then making an LTD company, doing a tax return or taking someone to small claims.
If anything goes wrong you can easily be losing thousands on the value of the property, voiding contracts (insurance, mortgage terms, etc) and generally stuff you don't want.
I'm not buying I'm selling.
As for complex, if any person is capable of doing it then great I'm a person I've never met a superhuman solicitor or should I say trainee.
Anything goes wrong your liable, and the new owner can take you to court.
You'll also have a fun time verifying yourself to and convincing the other solicitor to deal with you. Same goes with the bank and estate agent.
After insurance(s), indemnities and your time taken into consideration your not going to be saving much if anything.
That's not even taking into account the extra time it will (likely) take will increase the chance of the buyer dropping out.
If it was easy they wouldn't spend thousands and years becoming a solicitor.

Which part of I'M SELLING NOT BUYING don't you understand?

As for solicitors I did a 7 year apprenticeship that don't mean you can't try and hammer a nail with an hammer. They are a protected industry but they exploit it too much by charging £toomuch a day while they get a trainee to do most the work.
#17
If you get it wrong you are going to hammered by a Judge.

& any buyers solicitors wouldnt accept it.

Edited By: YouDontWantToKnow on Nov 11, 2016 14:49

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