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Online Conveyancing Fees
When buying or selling a house or flat, one of the main considerations to take in to account are the conveyancing fees. However not everyone is sure what normal conveyancing fees cover and what should and shouldn’t be included in their conveyancing quote.
On this site we explain exactly what conveyancing fees you can expect to pay when buying or selling a house, and allow you to get instant online conveyancing quotes for buying or selling a property.
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This site serves 2 purposes - it gives you a full explanation of what conveyancing fees you can expect to pay when buying, selling or remortgaging a property.
The site also allows you to compare instant conveyancing quotes from solicitors and licensed conveyancers covering the whole of England and Wales.
You don't need to pay over the odds, and your solicitor or licensed conveyancer doesn't even need to be located in the same town as you - this means that there are potentially bigger savings to be made by shopping around!
Here we try to answer a few commonly asked questions:
Conveyancing fees are separated in to 2 different sections – the profit costs (what the solicitors or licensed conveyancers charge for their services) and the Disbursements. As a general rule the disbursements should not vary greatly from conveyancing firm to firm, as these are payments made to third parties for dealing with certain aspects or services required in the transaction. It is the profit costs, the money charged by your conveyancer, that the conveyancing firm have control over and therefore the area where you can save the most money!
The Disbursement part of your conveyancing fees should include all the payments that are made by your conveyancer to a third party on your behalf. These are generally fixed costs, however the cost of the searches can vary depending on the location of the property and whether the conveyancing firm uses a personal search company or obtains the Local Authority search directly from the Council in question. When looking at the conveyancing fees you have been quoted then you can expect the disbursements to be as follows:
On a freehold sale – Office Copies (Land Registry copies of your title to the property).
On a freehold purchase – Land Registry Fee (which is dependent on the value of the property), Bankruptcy Search (currently £2 per person), a Land Registry Search (currently £4 per person), a Local Authority Search (dependent on the local Council), Drainage Search (depends on the local water board) and then any area specific searches such as coal mining or tin mining. You may also then come across Chancel searches and environmental searches, but these are often dependent on whether you request them and what the policy of the particular conveyancing firm is.
These are the general items that you can expect to be included in your conveyancing fees quote and that you should ensure are included when comparing different conveyancing fees charged by different companies.
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