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There are a few ‘hidden’ costs to be taken into account when both buying and selling a property in the UK. Local searches need to be carried out, then there is the cost of removal, possible redecoration and, of course, a conveyancing solicitor’s fees. These last will vary depending on many factors, such as the conveyancer’s locality to the property. All these factors, and more that may crop up during the buying or selling process, should be taken into account at the beginning especially Conveyancing costs.
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While the costs of using a traditional conveyancing solicitor may vary quite a lot, the online conveyancing market is naturally more competitive, so fees will generally be quite close to each other. A great way to compare prices is at conveyancingsupermarket.com, where only trusted and experienced appear and can be compared. Remember that it is not just price that must be considered, althoughthis is the main factor. Online conveyancers all offer the same result ie buying and selling a property, but may offer different levels of service.
What are the average conveyancing online fees? A buyer looking to purchase a leasehold property of around £250,000 will be looking to be responsible for £2,500 in Stamp Duty in the first place, before conveyancing costs are taken into account. A conveyancer will charge, on average, would be £1,000 including VAT for a property in this price range, or 0.25% of the property price. For the seller of this property, the conveyancer’s fees would be between £700 and £1,000, again including VAT.
The conveyancer’s fees for buying or selling a freehold property will be slightly less, whereas commercial properties will naturally cost more in conveyancing fees because of the extra work involved.
It may be the case that a bricks-and-mortar conveyancing solicitor may not be able to agree a firm price with either buyers or sellers, but when comparing and choosing a company atconveyancingsupermarket.com they can be sure that the initial agreed price will be the price that they will pay on completion.
Our expert legal panel, made up of UK regulated solicitors and licensed conveyancers, can provide you with a fast efficient fixed fee online conveyancing service to help you to make your home buying or selling a simple and easy process.