Unbeatable Solicitors Fees for Buying and Selling a House

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Budgeting for your house move can be a complex affair with costs spiralling endlessly.  Agents Fees, Stamp Duty, Searches, Mortgage Fees - the list is never ending.

The only way to really control the true cost of buying and selling a home is to break it down into constituent parts.  This will help you as you compare fees for individual services and make sure you get the best possible value for money.  The following article aims to give you a basic understanding of the sometimes 'opaque' way in which Solicitors charge you for handling the legal side of your home move.

If you do nothing else, watch out for the word 'estimate'.  Estimates are not fxed and they allow the Solicitor to inrcrease their fees during the transaction.  Always make sure you get a fixed 'quote' rather than an estimate.

Solicitors Fees for Selling a House

Solicitors Fees for Selling a House are usually less complicated than they are when buying.  This is partly becase the legal work is far simpler than when buying. However this is also due to the fact that you do not have the costs associated with registering the property as well as the unfortunately unavoidable 3rd party costs (disbursements).  (For more information on those please see the next section)

In essence, Solicitors Costs for Selling a House should typically break down as follows:

• Legal Fees
• Verification of ID Fees (sometimes)
• Office Copy Fees (nominal cost)
• Leasehold/Managing Agent Information (if applicable)

The good news is that Fridaysmove include all of the above fees in our quote. Furthermore there are never any hidden fees in our Terms and Conditions.  Our quote is absolutely fixed and contains all Solicitors Fees for selling a house.  What you see on the quote is what you pay - Guaranteed.

Solicitors Fees for Buying a House

Things can get a little more complex when you are considering Solicitors Fees for Buying a Property.  Purchasing requires the buyer to conduct a significant degree of due diligence into the property, and the land on which it resides.

The onus is therefore on you the buyer to fully investigate the property, the land on which it sits, the lease and any management information (if applicable) and any rights, restriction or covenants over the use of the property.  Buying a property in the UK is subject to ‘Caveat Emptor’ or in other words ‘Buyer Beware’.  This means that the seller is not legally bound to volunteer any information about the property unless specifically asked.

In order to protect you interests and prevent you buying a property with potentially expensive legal problems, your Solicitor will raise a significant number of enquiries (basically legal questions) of the seller of the property to ensure there are no ‘skeletons in the closet’.  Investigations into the land including conducting searches trough the local authority will also be necessary.

Once all of the information is collated, your Solicitor will then report back to you in detail with a ‘Report on Title’ so you know exactly what you are buying before you exchange contracts. 

These are the key ways in which your Solcitor will protect you in the house buying process.

Typically Solicitors Costs for Buying a House will include:

• Legal Fees
• Verification of ID Fees
• Local Authority Search Fees (although these are disbursements some charge arrangement fees on top)
• Land Registry Registration fees
• Completion of the SDLT Form Fees (not the same as stamp duty)

A word of caution:

The past few years have been a difficult time for Propery Solicitors acting for home buyers and sellers.  Following boom times in the property market, many Solcitors habve ben forced to compete on prce alone and this has led to the increased practice of hiding fees and preenting them upon completion as fees for work falling outside a standard conveyancing transaction.  This practice relies on the 'layman' being unfamiliar with the intricacies of what should and should not be part of the standard process.

Be especially careful when purchasing as there is much more room to hide additional costs in Solicitors Fees for Buying a House.

The good news is that Fridaysmove include all of the above fees in our quote and we never hide fees in our terms and conditions.  Our quote is Absolutely fixed - what you see on the quote are the exactlythe fees you pay your Solicitor for buying your new house.

If you are concerned about potential additional fees (you should be as they can end up being many £100's more than your initial quote) read our atrticle on Hidden Conveyancing Fees.

We GUARANTEE that the price you see on your quote represents the total  Solicitors Fees for Buying a House and don't forget it also includes 'No Move No fee' peace of mind. 

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