Understanding the costs of Conveyancing

When you move home, it can be confusing to talk of "legal costs". Below we separate out some of the common costs to help you understand better what's involved. There are two main types of cost – legal costs payable to your lawyer and costs payable to others (called "disbursements") that your lawyer will handle on your behalf.

Legal costs for Conveyancing

Your true legal costs are the costs payable to your lawyer for their work on your behalf. These are usually based on the value of the property involved and you should be able to be told this cost before you decide which law firm to use. Be careful of conveyancing services that promote a low initial cost but add in lots of hidden extras in their small print in order to bump the final cost up.

Searches

These are charges for checks about the property and the surrounding land. In each case there is a fee payable to the company providing the search which your lawyer usually pays on your behalf and then reclaims in their bill to you. An example of a search is a local authority search (a search which looks to see if there any planning permission or building regulations affecting the property and other plans that will affect the local area such as building a new road). Other common searches include water authority and drainage search (which looks at details about the mains water supply and sewerage removal) and an environmental search (which looks at the past uses of the land the property is on to check for risk of contamination).

Stamp duty

This is a tax payable to HMRC on any house purchase. Because law firms often deal with this on your behalf it is sometimes included as part of the quote for conveyancing. There is a useful calculator at http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

Other costs

There are other fees which you should be told about by your conveyancer solicitor, for example the land registry charge a fee to update their records of who owns a property (if you're buying) or to produce a copy of their records to prove your own a property (if you're selling). Another common cost is a charge that has to be paid for dealing with mortgage companies. Again – all these costs should be set-out and explained by your chosen lawyers upfront.


Our Conveyancing Solicitors will give you a free quotation by telephone, email and post and a clear cost estimate at the start of the transaction. Please call us today at our Oldham head office or branch offices on the following numbers:-

 

Oldham branch Lisa or Jill 0161 665 3502
Ashton branch Dorothy 0161 344 2244
Stalybridge branch Mary or Lianne 0161 303 2328
Radcliffe branch Julie 0161 724 0203
Worsley branch Ann or Shelly 0161 794 7479
Newton Heath branch Kelly 0161 681 1933

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