Solicitor conveyancing comparison should be on everyone’s to do list when it comes to moving house. The process of moving house can be extremely expensive, so getting the right price on your conveyancing fees, as well as everything else, is essential – but why is your mortgage offer so important in relation to your property purchase?
One of the things that can truly delay conveyancing solicitors is the mortgage offer. Many buyers underestimate the amount of time it can take to box off this important factor. They make the mistake of thinking that being pre-approved for a mortgage is the same as an offer, but it is not. It is only possible to obtain a full mortgage offer once you have found a property to buy, as without the exact figures and details of your potential new home no firm offer can be made.
An independent valuation will need to be carried out before any mortgage provider will loan any money on a property, as otherwise they cannot guarantee that they will receive their money back when the property re-sells. The mortgage provider will also want a risk analysis carried out, as they will be lending a large sum of money and need to ensure that it is as safe as possible. Until the pre-approval for a mortgage becomes a firm offer relating to a specific property, buyers cannot be absolutely certain that they will get the finance that they need.
There’s nothing wrong with finding out how much conveyancing will cost through a conveyancing comparison website, but you may risk losing money if you instruct a firm before you know you have a mortgage offer in place.
Once you’re ready to instruct a firm, carry out a solicitor conveyancing comparison online with Conveyancing Index (https://www.conveyancingindex.co.uk).
Our site users save an average of £367 per instruction. If you need further advice, please don’t hesitate to get in touch on 0203 874 2020 and we can answer your questions.