What are the Average Conveyancing Fees in the UK for 2020 and during 2021?
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?
The average cost of selling and buying a house provides vital information in whether or not it is the right time for you to consider doing either (or both) of these things.
From the data that we have collected through our network so far during 2019,2020 and into 2021. We have compiled a table of average conveyancing fees, prices 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.
Remember that it is not just the legal costs that you are going to be paying for; estate agent charges, moving fees and a number of other things can increase the price of your house move. It's very important to understand the full costs involved in moving house.
In this page we are going to cover the following topics about conveyancing fees and the average conveyancing fees in the UK:
- Average Conveyancing Fees for Buying a Property
- Average Conveyancing Fees for Selling a Property
- Average Conveyancing Fees for Remortgaging a Property
- What are Conveyancing Fees?
- How much should a Conveyancer Cost?
- Are Conveyancers Cheaper than Solicitors?
- Do you have to pay solicitors fees upfront when buying a house?
- How much should I pay for Conveyancing Fees?
- What is Fixed Fee Conveyancing?
Looking for a Fixed Fee Conveyancing Quote and NOT an Average Conveyancing Price?
If you are actively seeking a solicitor or licensed conveyancer to help you when buying a property, selling a property or remortgaging your home, then simply enter your details below to receive fixed fee conveyancing quotes, direct from some of the UK's best value property solicitors
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 Costs & Fees for Buying a Property or Purchasing a Home
Conveyancing Fees for Buying Only UK
These are the average conveyancing fees for buying a property calculated directly from our own network of solicitors and licensed conveyancers for the years 2019, 2020 and into 2021.
|Purchase Price (£)||Legal Fee||Disbursements, Land Registry & Other Fees||VAT||Total (£)||Stamp Duty (SDLT)|
If you are looking for fully detailed conveyancing quote and not just an average price for your property purchase, then use our conveyancing calculator online now.
Average Conveyancing Costs & Fees for Selling a Property or Home Sale
Conveyancing Fees for Selling Only UK
These are the average conveyancing fees for selling a property calculated directly from our own network of solicitors and licensed conveyancers for the years 2019, 2020 and into 2021.
|Sale Price (£)||Legal Fee||Disbursements, Land Registry & Other Fees||VAT||Total (£)||Stamp Duty (SDLT)|
If you are looking for fully detailed conveyancing quote and not just an average price for your property sale, then use our conveyancing calculator online now.
Average Conveyancing Fees for Remortgage or Remortgaging a Property
Conveyancing Fees for Remortgaging Only UK
These are the average conveyancing fees for remortgaging a property calculated directly from our own network of solicitors and licensed conveyancers for the years 2019, 2020 and into 2021.
|Remortgage Amount (£)||Legal Fee||Disbursements, Land Registry & Other Fees||VAT||Total (£)||Stamp Duty (SDLT)|
If you are looking for fully detailed conveyancing quote and not just an average price for your property remortgage, then use our conveyancing calculator online now.
What Are Conveyancing Fees?
Conveyancing fees are the legal costs that are payable to your conveyancer or solicitor for the servie they are providing. They also include the conveyancing disbursements the solicitor will cover on your behalf through the process. Disbursements to consider include:
Local Authority Searches
Land registry Searches
Bank Transfer Fees
Stamp Duty Land Tax
Transfer of Ownership
Copies of Land Registry Title Deeds
Telegraphic Transfer Fee
How much should a Conveyancer Cost?
Conveyancing fees vary depending on a number of factors including location and the type of firm you choose to instruct, however you can typically expect to pay between £850 - £1500 plus the cost of disbursements.
Are Conveyancers Cheaper than Solicitors?
Conveyancers are usually cheaper than solicitors, however, solicitors are also in a position to handle any complex legal matters that may arise. If you envisage a straightforward process with your house purchase or house sale then a conveyancer may be all that is required. If you have any doubts or require further legal help a solicitor may be the best choice.
Do you have to pay solicitors fees upfront when buying a house?
This will vary from solicitor to solicitor, however, in general you will pay your solicitor at different points throughout the process. There is usually an upfront fee associated with the costs of the legal work required in buying or selling a home and then further costs may be due in the middle with any final sums required, usually because the solicitor has incurred costs on your behalf (for searches, for example).
How much should I pay for conveyancing fees?
The legal costs associated with buying and selling a home are generally around £850 - £1500 plus VAT dependent on the transaction type and the transaction value. There will also be additional costs such as disbursements and other costs associated with local searches which could cost you around £250 - £350 when purchasing a property.
What is Fixed Fee Conveyancing?
Fixed fee conveyancing is where you and your solicitor or conveyancer have a pre-agreed price for the work they are to carry out. This should not change throughout the house buying or selling process. This is becoming an increasingly popular way of handling conveyancing, rather than using conveyancers who change at an hourly rate, as it means that you are able to budget more effectively. It is also prudent to check whether the solicitor offers a ‘no sale, no fee’ clause where, if the sale was to fall through, you would not have to pay the legal fees.