How do conveyancing solicitors embrace other industries?
During a typical house sale or purchase for a client, a conveyancing solicitor will work with a multitude of related businesses:
Estate agents are the conveyancers best friend. They are on the very same page, and work together to achieve what the client wants, to buy/sell the house the offer was agreed on. Conveyancing solicitors will seek out the help of the estate agent during the course of the conveyancing on a house sale/purchase, as the agent has the ability to chase along the chain, and so assist the conveyancer with putting pressure on slow parties and slow conveyancers.
In addition, conveyancing solicitors will need to pass estate agents work. Estate agents can provide conveyancers with valuations following the death of a property owner, or on a divorce where the matrimonial house needs to be valued.
The estate agent will ultimately provide a selling service for the house that they have valued.
– Mortgage advisers
Conveyancing solicitors will be frequently asked by their clients who they can recommend to help them source a mortgage. It is very unwise for a person to think of their bank as the only source, as a mortgage adviser can save a person thousands by considering the ‘whole of the mortgage market’. Some will charge a fee, and others will not, but will receive a simple commission from the mortgage company.
All home buyers should consider having a survey, whatever the age of the property – even newly built ones. This is because in England & Wales the rule when buying a home is 'buyer beware'. The seller is under no duty to warrant the state and condition of the property.
Conveyancing solicitors should therefore recommend a survey to their clients and to only use Chartered Surveyors,. Indeed, all conveyancers will work with surveyors and know the ones to recommend.
– Removal companies
There is nothing more frustrating for a removal company than last minute bookings by a buyer or seller. Keeping in touch with the removal company as dates get closer to fixing is a useful addition to the role of the conveyancer.
If a removal company is able to reserve a date/pencil you in provisionally, then this is also a great help to the seller/buyer, but only once exchange takes place should any payment be made or any contractual commitment, as before exchange, anything can happen to the deal moving forward. It could abort.
Your conveyancing solicitor will advise you of when it is safe to book removals.
– Financial planners
Conveyancing solicitors frequently send their clients large payments of net proceeds from house sales. The conveyancer is able to recommend a financial planner to help provide the best investment returns for those proceeds.
– Other solicitors
You might think it odd that your conveyancer will work with other conveyancers for your benefit, but actually some do, because they are providing you with the very best and comprehensive advice.
This is because conveyancing impacts so many areas of other law. When buying a home, you may need advice about Wills, trusts, family, children, employment, and companies. If you have chosen a conveyancer who works as part of a larger solicitor firm, then there will be plenty of other solicitors in the building all of whom can support their conveyancing colleague in far greater detail than the sum of that conveyancer’s own personal knowledge, so as to provide you with superior legal advice/work.
Indeed, should you require Wills, employment advice, tenancy advice, family advice, company advice, trusts advice etc, then that solicitor firm can support you, not only during or just after your house move, but for life. You spent many weeks working with the conveyancer and built up a potential relationship, it would make economic and practical sense if that lawyer could look after all your family's business.