MyRate Education Centre

Conveyancing

When taking a home loan you are advised to enlist the help of a solicitor or a conveyancer. They will look after the transfer of ownership for the title/property for you.

It’s up to you to make a choice between a solicitor and a conveyancer, but you should consider the level of expertise: a conveyancer focuses only on conveyancing.

When should you get a solicitor/conveyancer?

  • Get your finance pre-approved first so you can look around for properties within your budget.
  • After pre-approval and before you sign the contract of sale, you should find a solicitor/conveyancer.

Be sure to choose someone who:

  • Can provide the level of service you’re after
  • Is accessible/local
  • Is someone you can communicate with easily and that you are comfortable with – this will save you a lot of stress!

Once you have made that decision, their duties include:

  • Checking your loan documents (ideally, however not all will do this)
  • Checking the contract of sale
  • Liaising between yourself and the lenders solicitor
  • Performing title searches
  • Acting as your legal representative for the transaction
  • Checking if there are any rates outstanding on the property (e.g. water, council…)
  • Checking the contracts for adverse clauses
  • Helping you understand the process, and answering any questions you have

Tips:

Send the contract of sale to your solicitor/conveyancer for checking before you sign, or negotiate a cooling off period, to allow time for them to check for problems.
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Lender  Rate 
(p.a.)
CCR#
(p.a.)
Fees
myrate 7.03% 7.03% $0*
Aussie 7.65% 7.70% $600
Westpac 7.71% 7.84% $600
St. George 7.74% 7.84% $700
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