Starting out a career in conveyancing involves practical training under Licensed Conveyancing firms or soliciting firms. However, after going through CLC training and exams, you will receive a license that allows you to work in any organization that is involved in land ownership transfer including conveyancing firms, banks and land registry offices among others. The following are some of the things you should expect out of working as a conveyancer:
As a conveyancer, you will have a standard office where you can do most of your paper work, calling and emailing clients. However, the job involves a lot of moving around. You may need to visit your client, land registry offices and offices of other professionals involved in the transaction. Conveyancing rarely involves overnight travel since most professionals have licenses that allow them to operate only in a particular region.
Working days and hours
Many conveyancing firms operate within the Monday to Friday working days. If you are hired under an employer, it may require you to work on the weekends too since some firms operate weekend services as well. Weekend work is not usually very demanding since most government offices such as land registry offices are not open. You can also take on part time jobs and work in the evenings. Working days also greatly depend on the availability of your client and you can make special arrangements for increasingly convenient meetings.
Working hours for weekdays is normally 9 – 5 but weekends may vary depending on the tasks assigned by your employer.
Conveyancers holding the full CLC license can set up their own practices or partnerships. These individuals often have at least five years worth of experience in conveyancing: two years prior to CLC exams and three years holding a qualification of employment license from the CLC. Self-employment allows you to choose your own working terms and salary.
Salaries for conveyancers vary depending on many factors. Typically, the starting salaries for most individuals who are training or newly qualified in conveyancing are usually between £16,000 and £20,000 a year. However, individuals with higher qualifications and owning conveyancing firms can earn up to £60,000. Some employers offer commission payments for conveyancers bringing in successful deals. Other benefits that you may receive include pension schemes and health insurance.
When deciding how much to charge clients, independent conveyancers should remember that the cost of stamp duty, searches and land registry charges should be catered by the client. Therefore, you should make this clear to the client or include it in the total service charge. However, it is advisable to keep it as a separate cost because many factors come up that could affect the total amount. The location and value of the property may also determine conveyancing costs. If you are representing both mortgage lender and buyer, the total cost of conveyancing should include the services given to each party separately. The reason for this is the buyer can get different conveyance from the one used by the mortgage lender.