Mortgage conveyancing takes time and sometimes that means that the buyer or seller must be patient. However, a professional, expert conveyancer will be able to work efficiently when required. This expertise could be reflected in their price, which is why a lower cost is not always the only aspect to look at.
The housing market in the UK has been volatile since the economic crash of 2008 and many conveyancing solicitors had to change the way they worked or close down altogether as they could not sustain their business without enough buyers.
Are things changing in the housing market? Are things looking better for sellers (even if that means that buyers might have more trouble purchasing a property)?
All indications seem to point to this being the case; house prices in London are rising particularly fast after a period of little growth and in the rest of the country the same thing is happening but at a slower rate. Mortgage solicitors have been gaining business and that can only mean that the housing market is changing. Rising house prices are great for those looking to sell their houses and make a profit, as they may have been sitting in negative equity for a few years. But the problem comes when those people want to buy their next house. With prices rising, what might have been attainable just a few months ago might now be out of reach.
Rising house prices also mean that first time buyers will have a much harder time getting their feet on the housing ladder.
Whether you are a first time buyer or you are re-mortgaging, visit Conveyancing Index for your mortgage conveyancing comparisons.
At https://www.conveyancingindex.co.uk, you can use our online tools to find out which conveyancers can give you the best service and best price.
If you need more information, please get in touch on 0203 874 2020.