Conveyancing Fees Sale & Purchase

Conveyancing Fees for buying and selling property consist of fees and costs associated with the legal transfer of a property from the legal ownership of one party to another.   A property purchase transaction may also include the refinancing of a property or land as part of the conveyancing process.  Conveyancing is a legal term used to describe formal dealings with a property including property sales and purchases including where appropriate refinancing and new secured lending.  Conveyancing Fees are the associated charges incurred during conveyancing process for buying and selling a property.  

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What are Sale and Purchase Conveyancing Fees?

Conveyancing Fees charged for buying and selling a property consist of two different types of costs:

  • Legal fees paid to your Conveyancing Solicitors or Licensed Conveyancers firm for acting on your behalf and where applicable both the current and new mortgage lender.  Legal Fees represent the Licensed Conveyancers or Conveyancing Solicitors labour costs.  Legal Fees are subject to vat.
  • Disbursements are further charges attracted throughout the course of the sale and purchase conveyancing  process and although often collected in by the conveyancing solicitors are then paid out to third parties.

In total, Legal Fees and Disbursements form the total cost of conveyancing fees payable during the course of property sale and purchase conveyancing transaction.

Legal Fees for Buying and Selling a Property - How much will it cost?

Legal conveyancing fees for a buying and selling a property may vary in the following ways:

  • The location in the country of your chosen conveyancing solicitors or conveyancers .  Regional legal fees charged by conveyancing solicitors or licensed conveyancers vary by wide margins.  Conveyancing Solicitors Firms and Licensed Conveyancers practising in and around London and the South East are usually the most costly.
  • Referral fees being paid for your conveyancing matter by your conveyancer or conveyancing solicitors - instances when the conveyancing  work for the sale and purchase is referred to a conveyancing solicitors firm or conveyancers by an Estate Agent or in some instances mortgage broker or financial advisor, Conveyancing Quote Comparison website or other property agent.  Referral fees paid by conveyancing solicitors and conveyancers tend to increase the basic cost of conveyancing for Conveyancing firms receiving referral matters.
  •  Conveyancing Solicitors and Licensed Conveyancing firms that make use of technology to help cut costs and improve efficiency often charge lower conveyancing legal fees.
  • The Conveyancing Solicitors or Licensed Conveyancers firm chosen.  Legal Fees may vary by a substantial amounts on a firm by firm basis.
  • The nature of the sale and purchase conveyancing transaction.  Excessively difficult, time consuming, complex or urgent transactions will normally cost more.

The BBC website states the average cost of conveyancing legal fees for buying and selling a property (not including disbursements) is around £550 for each matter (totalling £1100) for legal fees element of the conveyancing fees on a nationwide basis.

Conveyancing Fees - Sale and Purchase Disbursement Costs

Disbursements paid in the course of a sale and purchase conveyancing transaction can also vary considerably:

  • The cost of documentation required to prove title to the sale property.
  • If the sale property has a current mortgage or a new mortgage is being obtained in order to purchase.
  • The price of the purchase property in relation to the cost of the Land Registration fee and if Stamp Duty Land Tax is payable.  Many purchase disbursements are in effect taxes paid to one government department or another.
  • Whether all the required documentation and information is provided to the conveyancing solicitors or conveyancers to check or prove the title to the sale or purchase property.
  • Leasehold properties will oftne attract additional disbursements required to be paid to the landlord or management company.  Legal fees will normally be increased by conveyancing solicitors or conveyancers acting in the sale or purchase of leasehold property.
  • Whether either sale or purchase property has any defects in title as judged by the conveyancing solicitors or conveyancers acting which require rectification.  Title defects can involve legal remedies which increase both legal fees and disbursements and on occasion time scales for completion of sale and purchases.
  • Complex, difficult, time consuming or unusual sale or purchase conveyancing transactions.

Evolved Conveyancing - Specialist Remortgage Conveyancing Services, Conveyancing Solicitors Online.

Evolved Conveyancing carries out conveyancing Sale and Purchase conveyancing transactions on behalf of our clients throughout the country.  We provide low cost, premium quality online conveyancing services for our clients buying and selling a property that represent real value for money.   All our conveyancing quotes are legal fees estimates and we take care to ensure you only ever pay for legal work that you need, on an individual basis.   As all the legal formalities are dealt with by email, telephone, post and fax there is no need for face to face meetings meaning our clients nationwide can enjoy our value, efficient conveyancing service. On average our clients pay sale and purchase conveyancing legal fees of between £350 - £400, with some clients paying less - and of course far below the national average.

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