Solicitor’s fees when buying a house
solicitors-fees

Solicitor’s fees when buying a house

Solicitor's fees when buying a house Express ConveyancingOkay, you are ready to buy your home after planning and saving for years. It is supposed to be easy and straightforward isn’t it? Sorry to burst your bubbles – it isn’t. In fact, it can be a nightmare if you jump right in, without conducting a robust research. Aside, from the mortgage, you’ll have to get a conveyancing solicitor to help prepare the legal side of things. Conveyancing can be carried out by both property solicitors and conveyancers. They will deal with a scope of things including dealing with the Land Registry and transferring the cash to purchase your house. They will also conduct a local investigation by way of conveyancing searches, which will cost you anywhere between £120-£300, to check whether there are any local plans or issues.

Solicitor’s Fees

Conveyancing fees vary on the cost of the property and will also have taken into consideration how complex your property sale or purchase is. A few solicitors will charge a fixed fee while others charging you on the basis of ‘time spent’ in progressing your transaction from instruction through to completion. Always check, very carefully what the fee covers – some will charge additional fees, disguised as administration costs, which you will not have been advised of, until it is too late. Also, remember to obtain a few estimates of solicitor’s fees from a few different firms, prior to deciding who to use.

A few mortgage lenders (in England and Wales) will cover your solicitor’s fees – however, there are conditions that you need to satisfy. These may be in the form of taking out a particular product from them and/or if you use one of their hand-picked solicitors. Though this might seem attractive to most cash-strapped buyers, it is best to be reminded that these solicitors have a slightly biased approach towards your mortgage lender’s interests over yours.

Most high street firms have far higher fees than what you would expect from an online conveyancing firm such as Express Conveyancing to compensate for higher overheads. Expect the aggregate cost (which includes conveyancing searches your lawyer need to conduct and add to your bill) to range from £1,000 to £1,500, depending on how much your property costs. You’ll usually also have to pay the solicitor in installments as they incur costs on your behalf.

How to pick a Conveyancer who is right for you?

When you’ve placed an offer on a property, your estate agent will want to know your property solicitor’s details – so approach a firm who can guarantee a quick conveyancing turnaround, at an opportune time to abstain from having to pick one in a rush.

Always look out for a conveyancing firm who offers a ‘no sale, no fee’ conveyancing deal as this gives the solicitors an incentive to get the job done swiftly. Further, there is no clear guidance of how abortive bills are calculated should your transaction were to fall through. In some instances, there are cases where conveyancing firms have charged up to two-thirds of an original quote to cover their solicitor’s fees. Most ‘no sale, no fee’ firms likewise offer ‘fixed-fee’ conveyancing, which implies you just pay the price initially agreed.

Estate agents will often suggest conveyancers to you, but, remember you are under no obligation to use them. In most cases, the solicitor’s fees on these recommended firms are far higher than what you would find online. Shop around for yourself to check whether you can find a better arrangement on price or service elsewhere before making a choice.

Contact us today to find out how we can help you with all your conveyancing needs or use our quick conveyancing quote calculator, to obtain our quote for your solicitor’s fees, for your proposed property transaction.

 

What our clients say

Great value for money. Everything went smoothly and I was very pleased with the service provided
Rachel Whitfield
Rachel Whitfield
20:59 12 Oct 18
Excellent! Very responsive, and really helped to push the purchase. There were unexpected delays during the process, but Anthony really helped to reassure me that he was doing everything he could to progress the sale. Ultimately, it all worked out in the end, and I would highly recommend! I would also recommend for auction purposes.
Sean Stevens
Sean Stevens
09:14 21 May 18
Very happy customer. Understanding of our needs and recommended a really fantastic solicitor.
Jack Hearne
Jack Hearne
17:49 12 Oct 18
I have just completed the purchase of my flat with them. They were recommend by the estates agents Phillip Arnold and they were fantastic. My case was handled by Milena who was really helpful and always available on the phone. The online system is also really easy to use. If I buy or sell a property I will definitely be using them again.
Sharon Kelly
Sharon Kelly
18:27 20 Dec 17
I used this service following a recommendation. The online case tracker worked really well. I would recommend this service as it's vital in the coordination between Estate Agencies and between Solicitors. The service proved invaluable in helping progress the conveyancing work efficiently and effectively. Completed the transaction just before Christmas having instructed the Solicitors on the 4th.
Shelly Harrill
Shelly Harrill
16:30 19 Dec 17
Excellent Service. Final Price same as quoted.
A Google User
A Google User
14:26 19 Dec 18
Have used them twice. Both times completion happened in less than 4 weeks, even over Xmas! Totally amazing. They take the stress out of the whole process.
Daniel West
Daniel West
13:04 21 Dec 18
Excellent Service. Final Price same as quoted
Parsa Khamooshi
Parsa Khamooshi
15:54 21 Dec 18
Being a first time buyer they guided me smoothly through the whole process of moving into my first home. Very professional and economical.
Uday Seth
Uday Seth
12:31 24 Dec 18
Express Conveyancing have been excellent in the handling of my recent house sale and purchase. Would highly recommend
James Ellis
James Ellis
11:43 30 Apr 19
Express Conveyancing have been excellent in the handling of my recent house sale and purchase. Would highly recommend
Michelle Preston
Michelle Preston
12:20 30 Apr 19

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