Cheap Conveyancing solicitors

Conveyancing solicitors have been around for a long time and there are many well established companies. With the recession in recent years most have been having a hard time and quite a few of the big names have gone bust. There has been some research and it is estimated that the number of unemployed conveyancing solicitors has gone up by over 400% since the start of the recession. The situation was highlighted at the end of 2009 when 7,000 conveyancing solicitors were made redundant when a couple of the biggest mortgage providers decided that their own in house conveyancing services would be discontinued. It is hoped that the economy has now turned a corner and the housing market will make a recovery.



This is all well and good but if you're looking for a Cheap Conveyancing solicitor for your house sale or purchase what does this mean? For you, the customer its actually really good news, that's what!



Looking at the situation in terms of money, if you are hiring a conveyancing solicitor for your house sale or purchase it has never been cheaper. There are a couple of reasons for this:



1) As a result of the credit crunch, conveyancing solicitors have much fewer sales to chase – despite the market showing sighs of turning a corner - house sales are still running at around 33% of the number of sales at the markets pea; and



2) The level of competition has increased significantly as the internet has grown. This has resulted in an level of competition amongst both online and offline conveyancing solicitors. As with everything, when supply outweighs demand the prices have come down. Prior to the internet, solicitors only had to compete against local conveyancing firms in the area which restricted the number of competitors. These days geographical location is almost irrelevant as the the legal work for a conveyancing transaction can be done remotely.



The advantage of an online solicitor is that you don't have to visit the office. Everything can be done over the phone or by email. On the other hand, if you have a local solicitor and you need to hurry them along then it's easier to chase them, because if you can't get them on the