Conveyancing Solicitor Costs

Conveyancing solicitors have been having a hard time during the recession. According to the Law Society Gazette the number of unemployed solicitors is up over 400 per cent since the start of the credit crunch. Just a few months ago 7,000 solicitors were made redundant in one go when two leading mortgage providers decided that conveyancing services would no longer be provided in house. So what does this mean for you if you’re looking for a conveyancing solicitor for your house sale or purchase? Well it’s pretty great news, that’s what! In real terms, hiring a conveyancing solicitor has never been cheaper than it is today for two reasons: 1) the recession has resulted in conveyancing solicitors chasing far fewer transactions – house sales are still running at less than a third of the number at the peak of the market; and 2) the internet has massively increased the level of competition amongst conveyancing solicitors and brought prices crashing down as a result. In the old days solicitors only had to compete against the other law firms in their town. Today, the legal work for a conveyancing transaction can be done from anywhere in the country. conveyancing solicitors