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How much are solicitor fees when moving house?
Conveyancing is the legal process for buying a home that’s done by a solicitor.
Fees vary depending on your location and the company you use. It can be in the region of £2,000.
What is conveyancing?
It’s the process of transferring property ownership from the seller to the buyer, making the purchase and sale legal.
Once you’ve had an offer on a property accepted, you’ll need a conveyancer. They’ll carry out all paperwork, property checks, sort the bank transfers and transfer the title deeds to the buyer.
Conveyancing fees explained
There are processes and checks that you’ll pay for as part of your conveyancing fees.
Let’s take a closer look
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Usually, you pay a deposit to your conveyancer – around 10% of their total fee. The rest of your conveyancing fees will be due once your house purchase completes.
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No. The cost of a mortgage covers the price of the property alone.
Conveyancing fees cover the cost of the conveyancer’s time and the fees for processing the sale and purchase of the property.
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Conveyancing fees are based on several things. They include fees for bank transfers and identity checks and are based on the cost of the property you’re buying. It also considers if there is a mortgage on the property and whether it's freehold or leasehold.
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Both. Conveyancing fees are paid by both parties. Each will pay their own conveyancer for the work carried out to either buy and/or sell a property.
Some fees only apply to the buyer. For example, stamp duty. Other costs will apply to the seller, such as the acquisition of title deeds. You can learn more about this on the government website.
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