Please note that any stamp duty costs assume that you are not a first time buyer. These prices assume that that the property is not a new build. New build properties may incur additional charges. Please discuss this with the Conveyancer you choose to appoint.
Costs vary as some transactions are more complex than others. Conveyancing cost for a typical property can range from £500 to more than £1,500 for a purchase and sale but is less for a single transaction.
Costs broadly break down into two parts: the solicitor or conveyancer fee and payments to third parties for checks and searches, known as disbursements. Please ask for a breakdown.
The solicitor or conveyancer basic fee to buy or sell a house can range from £250 to £1,000.
If you are selling, local authority searches vary from £50 to £500 while Land Registry fees are approximately £50 to £500. Further disbursements may be required eg chancel repair liability search, drainage search, environmental search.
Stamp duty is a separate cost which must be paid by the buyer and ranges from zero to five per cent of the property value. For current rates see www.hmrc.gov.uk
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Commonly asked questions
Q: What is conveyancing?
When a property is bought or sold, the legal ownership, known as title, must pass from the seller to the buyer. The process is called conveyancing. A buyer must ensure that the seller is the owner, has the right to sell the property and there is nothing to stop a mortgage or resale.
Q: What is a conveyancer?
A conveyancer is a specialist solicitor who deals with the legal side of buying or selling a property (transfer of ownership). A conveyancer may also be a licensed conveyancer or fellow of the Institute of Legal Executives. In the UK, they are regulated by the Council for Licensed Conveyancers.
Q: Why is it important to use a conveyancer?
It’s important for a legal expert to go through the contract carefully to ensure the buyer secures title to the land with all the associated rights and is aware of restrictions before purchase. Your conveyancer will carry out a number of searches and checks on the property.
Q: What are the stages?
The conveyancing process begins with an offer on a property. The seller’s legal expert must then draw up a draft contract with details such as prices, boundaries and fixtures and fittings. An energy performance certificate should also be included. There are two major landmarks: exchange of contracts and completion. Under English law, agreements are not legally binding until contracts are exchanged
Q: What do solicitor or conveyancers do?
They carry out the searches and pre-contract enquiries. The seller’s solicitor or conveyancer will prepare the draft contract to be approved by the buyer’s solicitor as well as collect and prepare property information to give to the seller’s solicitor, in line with Law Society’s protocol.
Q: What searches are done?
A standard search could include requesting information from the local authority, for example, of any planned developments, disputes, road works or rights of way, that may affect the property. The local water company may also be contacted to confirm sewers, mains and pipes are maintained by them. Less common searches include: finding out if the property is liable to a Chancel charge from a local church, environmental research such as history of flooding.
Q How long does it take?
It takes on average three months, but while some transactions are quick others may take longer.
Do you provide Conveyancing Services?
Please see below for some of the feedback we have received about the Conveyancers we have got listed on our website: