How much should conveyancing cost?
Another question could be - how long is a piece of string? Conveyancing costs vary according to your property value, location, solicitor firm, their location, and any additional services you may need.
For example, a half a million-pound leasehold property that needs extra environmental searches due to its location in a known mining area, booked with a top London-based solicitor will no doubt cost more than a local solicitor for a tiny freehold apartment in County Durham.
How much should a conveyancing solicitor charge?
There’s not a right or wrong answer to this question and it depends entirely on the firm, property type and location. .
You may be able to find cheaper solicitors elsewhere, but bear in mind that they might not be as cheap as they first seem. Unless you are guaranteed a ‘Fixed Fee’ service, your solicitor could add on a number of charges as you go along, or even charge by the hour, leaving you with a much larger bill at the end than you expected. Plus, there’s the age-old saying that “you get what you pay for”, meaning that the cheapest deal you find might actually be a huge pain in the long run.
What should be included in my conveyancing quote?
As mentioned previously, you’ll definitely want Fixed Fees so you know exactly how much everything will be up front. Another good guarantee to have is ‘No Move, No Fee’, which means that if your sale falls through you won’t have to pay for conveyancing on the next property, saving you several hundred instantly.
So is my conveyancing solicitor expensive?
The only way to know if your solicitor is expensive is to compare quotes with other reputable solicitors. Make sure you’re comparing like with like, so check that all relevant searches, registrations, services and even VAT is included, and check their reviews to ensure the solicitor is known to be a good one – the rest is up to you!
If you would like a tailored and transparent quote like the ones we've described above, click here, or call 0800 038 6446.