When you’re purchasing a property you are spending a considerable amount of money as a house is likely to be most expensive purchase you make. Costs can quickly add up and on top of the property purchase price, you will need to factor in additional costs such as stamp duty, moving costs and conveyancing charges. Conveyancing charges can vary so check out our questions and answers to ensure you don’t spend more than you need to on conveyancing.
What does conveyancing cost?
There is no set figure for what conveyancing should cost. Conveyancing fees will depend on the area, the property and the service offered. Some houses or areas may require additional searches so these will also add to the price. On average, conveyancing fees vary from around £500 up to around £1200.
Conveyancing solicitors are offering different prices – why is this?
Even for the same property, different solicitors will have different price structures and some will be more expensive than others. It is vital that you look carefully at the quotes and make sure you understand what the conveyancing quote covers and that it includes everything you need it to.
What should a conveyancing quote include?
Conveyancing quotes will vary according to what is included and it is vital to find the right quote for your situation and your property. It is advisable to opt for fixed fees as this will ensure you aren’t surprised by any extra charges at the end of the process. The last thing you want is to find that you have a long list of extras on the final bill. You may also wish to ensure your quote includes a ‘no sale no fee’ promise, such as that offered at https://www.samconveyancing.co.uk/news/conveyancing/no-sale-no-fee-conveyancing-153. According to recent research a growing number of homebuyers are concerned about gazumping and having a ‘no sale no fee’ contract can help alleviate worry of losing money should this happen.
Should I opt for the cheapest quote?
It is important to look at a range of quotes and make sure you are comparing like with like. Some cheaper quotes may not have fixed fees, may not include searches for example or may not have ‘no sale no fee’ cover. It is essential to ensure you opt for a reputable company who offers a comprehensive conveyancing service.