What are conveyancing fees?
Conveyancing fees cover the amount that you will pay to ensure that the legal side of selling or purchasing a house is handled correctly. These fees can be split into two parts including the legal fees and the disbursements. The legal fees are what us as here at Thursfields charge for doing the work and disbursements are what third parties will charge for certain services.
However, some conveyancing fees apply only to sellers of property and others only need to be paid by buyers.
How much are conveyancing fees?
The costs involved with conveyancing fees will vary depending on a range of factors as there is no industry-wide set pricing scheme.
How much are legal fees?
The legal portion of the conveyancing fees overall cost covers the work carried out by us – the solicitors themselves. However, this does not include disbursements.
You can arrange an instant quote for your legal fees based on your requirements using our conveyancing calculator.
What are the disbursements included in conveyancing fees?
There are a range of disbursements includes in conveyancing fees. These include:
- Anti-money laundering checks
- Helping to buy supplement
- Title deeds
- Transferring ownership
- Telegraphic or bank transfer
- Stamp duty land tax
Do I have to hire a conveyancing solicitor?
It is not a legal requirement to hire a conveyancing solicitor however it is a very specialised skill and you may be advised by your mortgage lender that you use a professional. Therefore if you need a conveyancing solicitor to help you with your conveyancing fees, contact us here at Thursfields today.