Now, we're not saying DIY conveyancing can't be done.
On the contrary, under the right circumstances it can (many 1,000's have successfully trodden the path before you).
After all, conveyancing is not brain surgery.
However, of all the areas where you can save money on a property transaction (i.e. estate agency fees, Stamp Duty, cheap online conveyancing, surveys) DIY conveyancing is the:
Up until a few years ago, if you were the kind of person who:
Then I would have said DIY conveyancing was worth a shot.
But frankly, the Internet has had such a profound effect on reducing conveyancing fee levels that (in our opinion) DIY Conveyancing is just not worth the hassle anymore.
Here's a sobering thought - DIY conveyancing will only save you about £300 - £500 at best.
Compare that to the £1,000's you save by selling your property privately (a much simpler task) and we think you'll agree - it's not really worth the bother!?
With DIY conveyancing you still have to pay for all disbursements (although you will save VAT) and Stamp Duty.
Also bear in mind that if you have a mortgage, your lender will not let you complete without appointing a solicitor to look after their interest.
They will charge you for this and you can guarantee it's not going to be cheap!
It's a bit of a fallacy that DIY conveyancing can save you any time.
With DIY conveyancing you benefit from two things:
Few conveyancing solicitors can match that!
There's one problem though - property transactions (especially when chains are a feature) involve many different parties.
No matter how efficient you are at DIY conveyancing, your transaction will only proceed at the speed of the slowest party.
Here are scenarios in which you should definitely avoid attempting DIY conveyancing:
In fact, the only time you should even consider DIY conveyancing is if you are selling a "freehold registered house".
Successful DIY conveyancing is achievable, we just don't think the risk is worth the reward.
Add to that:
Anyway, that's our "two pennies' worth" but if you think we're too negative and want a more positive perspective, read - "The Conveyancing Fraud" by Michael Joseph.
It's a scathing expose on the conveyancing industry and is the perfect antidote to our more cautious approach to DIY conveyancing.