If you have a property in mind!
If you see a property in which you are interested then speed is often important. Generally the pace at which you move will not be quite so vital if you are interested in a newly built property or a property being sold by a housing association or local authority.
Whatever the property in which you are interested, you need to know how much your transaction is going to cost you. You may find that the estate agent or other parties involved in the transaction may want to arrange a legal quotation for you. Of course choice is a good thing but invariably you will find that a quotation from iconveyancing.scot is better value than most others, if not all, providers.
The other important factor is to make sure that you are comparing like with like. The quotation that you will receive from iconveyancing.scot will not only cover legal fees but also estimate government costs such as stamp duty (now LBTT in Scotland) and registration costs at the Land Register. In addition, iconveyancing.scot will provide a detailed list of additional costs which may arise in particular circumstances. There is an aim to provide transparency in an area often not associated with clarity and plain English.
Our instant quotation will provide you with costs pertaining to the specific circumstances of your intended transaction. If you have a property in mind and you are happy with our quotation, then contact us immediately to allow your interest to be dealt with as speedily as possible by an experienced property negotiator.
Alternatively you can telephone us directly on any of the following numbers and matters will be dealt with immediately.
It will often be the case that you, as a prospective purchaser, are doing some homework before plumping for a property or a solicitor to act on your behalf. If you are trying to find out about property purchase then you will probably be interested in some of the issues you may face.
A conveyancing system under stress
It was often observed that the Scottish conveyancing system was far superior to its southern neighbour. Events over the last 15 years have meant that such a claim can no longer easily be made and the conveyancing system would not be recognisable to someone who last purchased a property before that time.
iconveyancing.scot makes a real difference. We are a dedicated Scottish business; unlike many providers of conveyancing that you will find on the Internet, we serve only the Scottish market, are proudly based in Scotland and are steeped in the workings of the Scottish conveyancing system.
Why iconveyancing.scot makes a difference
To understand the value of knowledge, experience and know-how developed over many years it is worthwhile looking at some of the issues facing a purchaser in today’s market.
The Impact of the Financial Crisis: although nearly a decade in the past, the long reach of the 2007/8 financial crisis remains. Not only did mortgage lenders tighten up criteria for borrowers but at the same time they imposed many new rules on solicitors in dealing with the legal creation of the Mortgage. Indeed, the number of solicitors who can also act for a mortgage lender at the same time as a purchaser has been meaningfully reduced, and this is a continuing trend. Solicitors working with iconveyancing.scot act for the widest number of lenders thus reducing to a remote possibility that a separate firm of solicitors will be required to act for the lender (which would increase your costs and stress levels).
Because of the new rules imposed by lenders, having a depth of knowledge and experience of the different requirements of those lenders and ensuring that these are communicated to you as quickly and effectively as possible, becomes all-important. If the funding from your lender is in any way at risk then so is your planned purchase. It could not be more important.
The Scottish Contract (known as “missives”): for years the “jewel in the crown” of the Scottish system of conveyancing was a speedy upfront contract which was in contrast to the English system where the conclusion of the contract was much later in the timeline of the transaction and where uncertainty seemed endemic. No more so was this the case in the scourge of the English system known as “chains” where many transactions could be dependent upon the completion of another transaction.
Although the Scottish system still purports to have an upfront “offer” this, in many ways, is simply a facade for a system which in effect is not really different from the English one in terms of delays in completing contracts, “chains” and what appears to be a bewildering amount of detail.
All of this creates complexity, potential delay and, inevitably, stress for the purchaser. iconveyancing.scot solicitors understand this and plain English communication, use of the Internet and most of all a deep understanding of the system are there to make your life easier. Unfortunately, no one, whatever they say, can guarantee that you will not encounter issues in your transaction. The experience of iconveyancing.scot legal firms means that you will have an understanding of the circumstances, knowledge of whether there will be any cost implication and a clear choice on how to deal with the issue.
The “new” Scottish registration system: this is a complex and detailed subject but suffice to say that the introduction of a new registration system in Scotland has been far from straightforward. The problems affect a minority of cases but if your purchase is one of the transactions impacted by the requirements of this new legislation, then there is an increased possibility of delays and complexity.
Regulation: at the same time as lenders have introduced many new rules since the financial crisis then equally governments of all colour have been keen to add to the amount of regulation(and costs!) which accompanies conveyancing transactions. These range from matters such as the introduction of the Scottish stamp duty LBTT to the heavy weight of regulation to limit the possibility of money laundering and other financial crime.
The best way to understand the function of these regulations is to consider what happens at an airport security check-in. No matter how unlikely you are to be a terrorist, the law assumes until you pass through the security check-in procedure that there is a possibility that you are a terrorist. There is no profiling involved. Equally, when you are involved in a conveyancing transaction, no matter how unlikely it is that your transaction is being used to launder money or represents some other financial crime or tax evasion, the responsibility placed upon a conveyancing solicitor means that many checks have to be carried out. The amount and complexity of those checks will depend upon the nature of the transaction involved.
All of this is part of the modern world and the legal firms working with iconveyancing.scot will do everything to make your life as straightforward as possible.