Conveyancing Fees Explained
Don’t make transferring property any harder or more expensive than it has to be.
What is Conveyancing?
Conveyancing is the branch of law pertaining to the transfer of property from one owner to another, encapsulating the entirety of the legal and administrative process necessary to ensure that a property purchase is valid under law.
Both the seller and the buyer will require a conveyancing solicitor, approaching the transaction from their respective sides. Although more complex, the process can, essentially, be broken down into two stages. The exchange of contracts happens first, and is when the term of the deal are fixed, followed later by the completion, where the legal title passes from the seller to the buyer.
Our Conveyancing Solicitors have been successfully guiding property buyers and sellers for almost 20 years. As experts in their field, they cover every stage of the process, including:
- Equity Release
- Land Registration and Property Boundaries
- Joint Tenancies
- Right to Buy
- Transfers of Land following Divorce or Probate
Despite the professional’s extensive training and knowledge, DIY conveyancing is possible and you will have heard of people carrying this complex legal process themselves. However, although you may save a little money, the risks are potentially far costlier, in monetary value, but also the huge amount of stress involved, and if something goes awry, the fees can quadruple, as can the stress levels. Please note, too, that DIY conveyancing is not possible if a mortgage is involved.
Our experts can make the buying and selling process easy for you, dealing with unforeseen occurrences with confidence and assurity, and ensuring that all due processes are followed correctly.
Conveyancing fees consist of both the solicitor’s legal fees and the conveyancing disbursements that have to be paid to a third party for services. These include, for buyers, property and local authority searches, and stamp duty, and for sellers, the land registry search.
As a rough guide, the average UK property buyer pays approximately £1000 in conveyancing fees, excluding disbursements, which, apart from stamp duty, tend to be a set price. For a seller, the fees are still approximately the same, however, there are far fewer disbursements to consider.
Buying and selling property can be a nightmare of searches, legalese, and stress, but why not allow Sketchley’s team of experienced conveyancing solicitors to take all the hassle out of moving. After all, you have enough on your plate already.