Nowadays people tend to shop around when they are looking to find out how much a solicitor will charge you to process the sale of your house or land.
There are various methods you can use to do this.
- You can use the Internet. – Use a search engine to find a solicitor preferably near to you who can do the work for you by typing in something like ‘ Conveyancing Fees Yourtown ‘
- You can look in your Yellow Pages then make a telephone enquiry.
- You can ask friends or family or even your estate agent to make a recommendation.
We find that it could be best to use the Internet because some websites will list your conveyancing solicitor in a directory or special panel view where comments and ratings for that solicitor can be viewed. These are always useful measures of how much trust can be placed on deciding to use that solicitor to manage your conveyancing process.
You will be expected to pay more money for a sale transaction as opposed to a purchase because there are more formalities and extra items needed to be purchased in the case of a purchase transaction.
You’ll probably also find that using the Internet to find and communicate with a solicitor will also be cheaper than approaching a high street solicitor directly. This is because Internet based services tend to operate from areas of the country where high salary and establishment costs are not prevalent.
We looked at various internet conveyancing services providers and arrived at some that appeared to be offering a good deal to enquirers. Some sites were stating that the conveyancing fees could be obtained from as low as £99.00 but these were deemed as misleading scam sites as unavoidable necessary charges were excluded from the quotations deliberately and were then offered as an add-on. Some comparison type websites offered a range of quotations from solicitors across the country and the offering appeared to come with a no completion- no fee caviat.
The types of items that are chargeable expenses, known as disbursements, that you will expect to have to pay on your conveyancing bill will depend on the transaction type.
Typically they could include the following items and the following prices are given as a guide price as to what you could be expected to pay:
|Photocopying a Lease||£24.00|
|Water & Drainage Search||£30.00|
Not all of the above items are payable in every circumstance as they are particular to the main transaction such as a Sale, Purchase, Transfer of Equity or a Remortgage.
In normal circumstances most anticipated fees will be discussed with you by your case handler or solicitor so that you are aware of any items that appear to be in addition to your original quotation.
Land Registry Fees
These are mandatory unavoidable charges that will be added to your legal bill. These have to be paid in any land registry transaction. Some online agents will deliberately exclude these from their initial online quoted price to get you interested in a quote, however, as stated these cannot be excluded and must be paid in ALL circumstances.
Click this link to see visit the official UK Land Registry website:
Stamp Duty / Land Tax
Another unavoidable charge that is often hidden by online conveyancing providers is the UK stamp duty. It’s only payable on purchase transactions therefore the purchaser pays the duty. It’s also only payable on sale prices over a certain price and the duty payable is calculated by a price banding.
An example of the duty bandings applicable in the fiscal year 2013 is as follows:
Purchase Price £
|0 – £125,000||0 %|
|£125,001 – £250,000||1 %|
|£250,001 – £500,000||3 %|
|£500,001 – £1,000,000||4 %|
Click this link to see all UK Stamp Duty charges: www.hmrc.gov.uk