Compare conveyancing quotes UK wide and you will soon discover that costs vary widely from solicitor to solicitor. There are many factors that go into choosing the right conveyancer for you, but as long as you are happy with the cost and they will provide the right service then your choice will be a good one.
Another important choice to make is your mortgage. Which type of mortgage you choose makes a big impact on what conveyancing solicitors need to do for your case. It also impacts how much money you will spend, both initially and over the course of the mortgage; and how you budget each month.
Take the fixed rate mortgage, for example. After you compare conveyancing you will need to decide whether a fixed rate mortgage is for you. The advantages are that the interest rate remains the same throughout the fixed term of the loan (usually from one to five years), so you know exactly how much you will be paying each month. This gives you security and enables accurate monthly budgeting. Even if interest rates rise, your mortgage repayments will stay the same. In times of financial upheaval, the fixed rate mortgage can save you many thousands of pounds.
However, if mortgage rates fall, you won’t see the benefit since you will still need to pay the fixed sum and since you are tied in for the length of the deal, you can’t then re-mortgage elsewhere to take advantage of the lower rates without incurring a hefty financial penalty. A fixed rate mortgage is a gamble in terms of interest rates, but it does give you the security of a set monthly payment.
Compare conveyancing quotes UK wide to find the best deal for you. No matter what kind of mortgage you choose, your conveyancer will work hard on your behalf.
Use our online comparison tools at Conveyancing Index (https://www.conveyancingindex.co.uk) for the ultimate comparison.
Please do get in touch on 0203 874 2020 if you have any questions.