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What are the average costs for Conveyancing in the UK for 2016?

This is one of the most discussed topics of conversation within conveyancing and that most people ask when buying, selling or remortgaging their property .... How much is a solicitor going to cost to handle my conveyancing?

From the data that we have collected through our network so far this year (2016), we have compiled a table of average conveyancing prices, average conveyancing fees and costs from our network of professional conveyancing expert solicitors and licensed conveyancers. Whilst it is ok to use this average conveyancing pricing table as a guide when budgeting to buy or sell your property, you should always make sure that you get an actual fixed fee conveyancing quote, when you are ready. This way you can calculate your conveyancing costs and all of the associated fees involved in your conveyancing transaction.

Average Buying / Purchase Conveyancing Fees
Average Selling / Sale Conveyancing Fees
Average Remortgaging / Remortgage Conveyancing Fees

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Average Conveyancing Fees are calculated based on the value of your property transaction

Most property solicitors or licensed conveyancers, will calculate conveyancing fees, based on the value of your transaction and will stagger or tier their conveyancing legal fees dependent on the value. E.g.

A property purchase for £100,000 might be a legal fee of £300.00 plus VAT, but a purchase of £300,000 might be a legal fee of £500.00 plus VAT.

A property sale for £200,000 might be a legal fee of £325.00 plus VAT, but a sale of £300,000 might be a legal fee of £400.00 plus VAT.

This is quite a common practice within the conveyancing sector and that is why it's very difficult to provide an average conveyancing fee, if you do not have the transaction values available. Using the tables below, should help you budget for your conveyancing and the typical costs you should expect.

Average Conveyancing Fees when Buying a Property or Purchasing a Home Conveyancing Costs

These are the average conveyancing fees for buying a property calculated directly from our own network of solicitors and licensed conveyancers for 2016

Purchase Price (£) Legal Fee Disbursements, Land Registry & Other Fees VAT Total (£) Stamp Duty (SDLT)
£100,000 450.00 260.00 130.00 £840.00 0.00
£150,000 480.00 280.00 135.00 £895.00 500.00
£200,000 520.00 300.00 145.00 £965.00 1,500.00
£250,000 530.00 340.00 150.00 £1,020.00 2,500.00
£300,000 550.00 350.00 155.00 £1,055.00 5,000.00
£350,000 585.00 365.00 160.00 £1,100.00 7,500.00
£400,000 615.00 375.00 170.00 £1,160.00 10,000.00
£500,000 620.00 380.00 170.00 £1,170.00 15,000.00
£600,000 660.00 500.00 180.00 £1,340.00 20,000.00
£750,000 750.00 500.00 185.00 £1,435.00 27,500.00
£900,000 780.00 500.00 190.00 £1,470.00 35,000.00
£1,000,000 800.00 520.00 200.00 £1,520.00 43,750.00

Average Conveyancing Fees when Selling a Property or Sale Conveyancing Costs

These are the average conveyancing fees for selling a property calculated directly from our own network of solicitors and licensed conveyancers for 2016.

Sale Price (£) Legal Fee Disbursements, Land Registry & Other Fees VAT Total (£) Stamp Duty (SDLT)
£100,000 410.00 30.00 85.00 £525.00 N/A
£150,000 420.00 30.00 95.00 £555.00 N/A
£200,000 450.00 30.00 100.00 £580.00 N/A
£250,000 470.00 30.00 100.00 £600.00 N/A
£300,000 485.00 30.00 105.00 £620.00 N/A
£350,000 525.00 30.00 105.00 £660.00 N/A
£400,000 575.00 30.00 110.00 £715.00 N/A
£500,000 625.00 30.00 115.00 £770.00 N/A
£600,000 650.00 30.00 115.00 £795.00 N/A
£750,000 680.00 30.00 120.00 £830.00 N/A
£900,000 720.00 30.00 125.00 £875.00 N/A
£1,000,000 750.00 30.00 130.00 £910.00 N/A

Average Conveyancing Fees when Remortgaging a Property or Remortgage Conveyancing Costs

These are the average conveyancing fees for remortgaging a property calculated directly from our own network of solicitors and licensed conveyancers for 2016.

Remortgage Amount (£) Legal Fee Disbursements, Land Registry & Other Fees VAT Total (£) Stamp Duty (SDLT)
£100,000 380.00 70.00 80.00 £530.00 N/A
£150,000 390.00 70.00 80.00 £540.00 N/A
£200,000 395.00 70.00 80.00 £545.00 N/A
£250,000 400.00 70.00 80.00 £550.00 N/A
£300,000 415.00 70.00 85.00 £570.00 N/A
£350,000 450.00 85.00 95.00 £630.00 N/A
£400,000 460.00 85.00 95.00 £640.00 N/A
£500,000 470.00 85.00 95.00 £650.00 N/A
£600,000 550.00 115.00 120.00 £785.00 N/A
£750,000 600.00 115.00 125.00 £840.00 N/A
£900,000 625.00 115.00 130.00 £870.00 N/A
£1,000,000 700.00 120.00 135.00 £955.00 N/A

 

 

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