How Much Should I Pay For Property Conveyancing Near Me?
Buying or selling a home is a big financial transaction. This means many people try to reduce other costs that are part of the process. “How much should I pay for property conveyancing near me?” becomes a common question.
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This article is all about making sure you get good value for money in the conveyancing process and understand where that money is going.
From the outset, it’s good to remember that few people have unlimited funds. But equally, it is usually a mistake to assume that the cheapest option will be the best way to proceed.
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“Excellent service from start to finish was kept updated with everything that was going on very efficient Elaine is an asset to the firm always happy to help and very friendly would recommend birch and co to everyone“ GA
Here is everything you need to know about the costs of property conveyancing:
What Is Property Conveyancing?
Property conveyancing is the process of transferring the legal ownership of a property from one person to someone else.
If you are buying a home using a mortgage, you will need a property solicitor to handle it. This is because mortgage lenders demand you do so in return for lending to you.
The conveyancing process can take several months and includes a wide range of tasks that your solicitor will handle for you, including:
- Conducting property searches – your solicitor will liaise with the Local Authority and organisations such as utility companies to make sure you know about planned nearby developments, sewage and water connections, and more.
- Reviewing contracts – this includes both lease agreements for leaseholds and contracts of sale. Your solicitor will make sure all contracts are drawn up correctly and that there is nothing that will come back to bite you later.
- Confirming fees are paid – there are a large number of fees (usually relatively small, with the exception of Stamp Duty) to be paid to various organisations and bodies during the conveyancing process. Your solicitor ensures you don’t miss any.
- Checking for fraud and title deed details – your solicitor will contact the Land Registry to confirm that the seller legally owns the property and that they are who they say they are. They will also confirm the actual legal boundaries of the property.
- Handling transfers of funds – after the contract has been signed, your solicitor is responsible for making sure the money goes from you or your lender to the right place at the right time.
What Should I Look For In A Conveyancing Solicitor?
At Birch & Co, our thirty-one years of experience means we know what we would look for if we needed of conveyancing services:
- Accreditation by The Law Society (the professional association for solicitors)
- Plus, The Law Society Conveyancing Quality mark
- A good reputation (check Google reviews and client testimonials)
- Experience in conveyancing (all solicitors can offer it, not all specialise)
- Clear quotes and fee details (get a quote upfront)
“Have just used Birch & Co for a house purchase and sale after using them a few years ago for my divorce, they are great, they are very professional at the same time as being welcoming and friendly putting you completely at ease as soon as you walk through the door, If you’re lucky you may even get cuddles from Murphy the dog. I would thoroughly recommend them to anyone looking for a solicitors in the area.” (JA)
How Much Should I Pay For Property Conveyancing Near Me?
When you’re looking for a “property conveyancer near me”, those two short final words are very important to consider. This is because conveyancing fees vary a great deal based on:
- The part of the country you are in
- The size and value of the home you want to buy or sell
- Whether you are buying or selling or doing both at once
It is also important to remember that conveyancing fees only normally cover the legal side of the process. There are other small fees – called disbursements – that are levied by third parties.
Disbursements include things like bank charges for making a large transfer, Stamp Duty, Land Registry charges, and charges levied for property searches.
How Much Are Conveyancing Fees On Average?
With all this in mind, it can still be useful to have some ballpark figures to go on:
- Conveyancing fees when buying a house – an average of around £500-£1150 plus disbursements for properties valued up to £1 million. However, some services can charge up to £3000 depending on the region you are in and any complexities in the sale.
- Conveyancing fees when selling a house – an average of around £610- £950, with a potential £300 or more on top for a leasehold. The same qualifier for complexity and region applies.
Some property solicitors – including Birch & Co – offer fixed fees. This ensures you know that the price you’re quoted will be the price you pay at the end.
With 99% of our clients happy to recommend us for property conveyancing and a 5-star Google rating, we’re confident this results in a reliable professional service.
Get a FREE fixed quote on your conveyancing needs today – with zero commitment or obligation. Call us on 0191 284 5030 or complete a Free Online Enquiry and we will get right back to you.
“Dealt with the sale of my late mothers house and were very attentive to all details and keeping us informed of the progress. Would definitely recommend them”(GG)